Old Mutual seek to unbundle portion of Nedbank stake
Staff Reporter
OLD Mutual Limited has said it will unbundle a portion of its stake in Nedbank subject to relevant approvals.
According to a circular to shareholders, Old Mutual will unbundle all the Nedbank ordinary shares currently held by Old Mutual Emerging Markets Limited being 62,131,692 Nedbank ordinary shares and comprising 12,2 percent of
NicozDiamond GPW in massive growth
Staff Reporter
HARARE, Short term insurer, NicozDiamond says gross premium written (GPW) in 2020 grew by 669 percent to $2,07 billion driven by new business and revaluation of insurance portfolios in response to inflationary pressure, resulting in net earned premium growth of 680 percent.
Chairman Elisha Moyo said the group had an investment profit of $13,3 million
Considerations when choosing a life policy nominated beneficiary
By Farai Francis Zhara
Choosing a life policy nominated beneficiary is a field many people are tempted to overlook when filling the proposal form but this is an important decision. You buy insurance because you have a reason for the payout, maybe to provide funds for your family to pay bills or to pay for children’s school fees and
Insurance24 Newsletter insurance24 newsletter
Dear: Valued ZAPF Member,
The Zimbabwe Association of Pension Funds (ZAPF) in partnership with Insurance24 will on the 16th of July 2021 publish the 6th ZAPF Quarterly Pension Magazine.
The magazine will offer latest news on pensions, investments, law and regulation, informed comment and analysis and special features.
It will be distributed by ZAPF via its mailing list to ZAPF members and non-members
Life assurance underwriting profit declines in Q1, 2021
Staff Writer
INCREASE in claims and transfer to technical reserves caused underwriting profit for the life assurance sector to decrease to ZW$741, 27 million from ZW$104, 76 million the quarter ended 31 March 2020 to negative ZW$741,27 million.
During the period Gross Premium Written (GPW) by direct life assurance companies stood at ZW$3.42 billion,
ICSAZ president urges members to contribute to NDS1
Staff Reporter
HARARE, FORMER chief executive of the Grain Marketing Board Pension Fund, Taona Munzvandi, who is managing director of Daxilon Security, has been re-elected president of the Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ).
Munzvandi in his acceptance speech said the country’s economic situation was showing
Things to consider when buying term insurance policy.
By Farai Francis Zhara
Term Life insurance policy is an armor to protect the future of chosen beneficiaries. By having this policy you will be taking the monetary worries off the shoulder of your loved ones. We explained what term insurance is in the last article (if you missed it click here), and here we want to look at some of the things
Nyaradzo to raise US$20 million for special purpose company Sahwira Agriculture
Staff Reporter
HARARE, Nyaradzo Life Assurance intends to raise a maximum of US$20 million through the issuance of a combination of Inflation Indexed Notes and Preference Shares during a five (5) year issuance window through its special purpose company Sahwira Agriculture (Pvt) Ltd for financing crop production for the
ICZ Encourages Use of Fire Prevention Systems
HARARE, There is a concerning rise in the number of buildings being destroyed by fire in the country. Following a number of occurrences of fire outbreaks at Mpilo Hospital, with the recent one having destroyed a doctors’ residence that now requires USD280million for reconstruction, there is need to ensure that buildings are equipped with working fire