ZHL records block trading in Wednesday’s trading session
Staff Writer
Zimre Holdings Limited (ZHL) led the activity on the Zimbabwe Stock Exchange (ZSE) yesterday, with 25.51 million shares traded for $3.91 billion.
This comes as the Mutapa sovereign wealth fund has been given permission by the competition authorities to acquire businessman Hamish Rudland’s majority share in ZimRe.
Mutapa acquired
Insurance companies directed to make timely claims settlements
Staff Writer
The Insurance and Pensions Commission (Ipec) has directed all insurance companies to timely settle claims after an increasing number of policyholders sought the Commissioners intervention due to protracted claims settlement.
Ipec, in a circular, said the situation necessitates urgent attention and action from all insurers.
“In
IPEC flags insufficient disclosures in 2009 compensation actuarial reports
Staff Writer
The Insurance and Pensions Commission (Ipec) says it has noted inadequate disclosures in actuarial reports submitted as part of the 2009 compensation schemes.
Ipec, in a circular seen by Inusrance24, said the inadequate disclosures are inhibiting the Commission from making an informed decision on the compensation
Call for contribution in the Q1 2024 magazine
Dear Subscriber
Insurance24 will on 28 MARCH 2024 publish the First Quarter 2024 (Q1 2024) Insurance and Pensions E-Magazine under the theme “Innovation, stronger client relationships in insurance and pensions”.
The magazine will offer an outlook for the insurance and pensions through latest industry news, analysis and special features.
The magazine
How short- term insurance can protect the agric community from eventualities.
By Jasper Manyika
There is no dispute to the fact that agriculture is not only the oldest profession, but it is in fact the first for humanity ordained in the sacred garden.
Throughout history people have grown various crops for own food, butter trade, international trade and as raw materials for the manufacturing sector.
Again
ZHL to hedge on regional investments
Staff Writer
ZMIRE Holdings says it plans to solidify its regional investments and improve their underwriting capacity through continuous capital injections as it seek to hedge against country risk.
In addition, the group said it will be pursuing new markets within the region, harvesting its insurance value chain, and broadening its ecosystem through group synergies
Global insured losses from natural disasters hit $118bn in 2023: Aon
In its recently published 2024 Climate and Catastrophe Insight report, insurance and reinsurance broker Aon disclosed a huge $118 billion in global insured losses during the 12-month period under review.
This marks the fourth consecutive year that insurance losses have exceeded the 21st-century average, reflecting the increasing
Continental RE to host awards in Zimbabwe
Staff Writer
Harare, Pan-African Reinsurer-Continental (Re) Insurance Plc, will host the 9th session of its journalism awards in the resort town of Victoria Falls in Zimbabwe this year, Insurance 24 reports.
The ceremony, slated for mid-April, will be graced by selected journalists from across Africa.
In a statement, Continental
What are the top challenges facing motor insurance customers?
And how do these differ from commercial to personal
What are the main pressures facing motor insurance customers and do those pressures differ in commercial lines insurance and personal lines insurance? This was one of the questions addressed by Nick Kelsall (pictured left), head of claims for Allianz Commercial,
Muthe appointed ICZ’s new chief executive
Staff Writer
HARARE, The Insurance Council of Zimbabwe (ICZ) has appointed seasoned insurer Donald Muthe as its substantive chief executive officer, Insurance24 has learnt.
Muthe, who is succeeding Tendai Karonga, is coming in with a wealth of experience in the sector.
Muthe has over 35 years of professional experience in leading