FBC Re Mauritius commence operations, as FBC Insurance GPW increases on Liberty health insurance
By Insurance24
Harare, FBC Holdings says has finalized the setting up of FBC Reinsurance Mauritius with the new unit expected to commence operations before end the first half of 2018.
The unit will be 100% owned by FBC Reinsurance Ltd. Chief executive officer John Mushayavanhu at the company’s announcement
New platform uncovers cyber exposures with the help of data
By Insurance24
HARARE, It’s hard to imagine a time when cyber risk wasn’t on the minds of insurers and their clients, but as hack attacks evolve in scope and sophistication, it’s getting harder to turn a blind eye to cyber threats.
“Twelve to 18 months ago, catastrophic
Old Mutual scales up drought insurance cover for small holder farmers
By Insurance24
HARARE, Zimbabwe’s largest integrated financial services group, Old Mutual says will during the 2018/19 agricultural scale up the drought insurance cover for small holder farmers having successfully piloted the product during the last two seasons.
The product was in partnership with Blue Marble Micro Insurance,
Capital levels should be directly related to level of risk: ICZ
By Insurance24
HARARE, Insurance industry is expecting an improved outcome in 2018 on the back of the new political and economic order but says a risk based approach regarding regulatory capital should be in place.
The Insurance sector had been affected by economic hardships which have affected payments of claims while on the other hand
Government re-looks at another National Reinsurance Company after ZHL exit
By Insurance24
HARARE, Government is re-looking at the creation of and supporting a National Reinsurance Company with a legal cession status as in other regional countries but insurance companies are still expected to play a developmental role in communities they operate.
Cession refers to the portions of the obligations in
Baobab Re now Emeritus Re as ZHL consolidates reinsurance operations
Insurance24
HARARE, Zimre Holdings Limited (ZHL) has completed the rebranding exercise of its reinsurance units as part of the wider strategy to consolidate the assets under Emeritus International of Botswana with intent to list in that market.
Emeritus Reinsurance managing director Leo Huvaya told Insurance24 at the rebranding of
NMB banc assurance unit above target since inception, group targets new insurance products
By Insurance24
HARARE, NMB Bank’s banc assurance is targeting to introduce new insurance products into the market to consolidate the growth achieved since introduction of insurance services into the group’s operations 5 years ago.
Banc assurance Manager Ellen Chigodora told Insurance24 that during 2017, the
Nicozdiamond moves closer to de-listing as FMHL finalizes offer to minorities
By Insurance24
HARARE –First Mutual Holdings (FMHL) now with a controlling stake in short term insurer at 80.92% is working on an offer to minorities which is expected to close by June this year.
After completion of the acquisition of the majority stake, FMHL is now moving to acquire the remaining 19.08% as required by
Government urges tobacco farmers to insure their crop, as TIMB approves 4 service providers
By Insurance24
HARARE, Government says envisages a model where tobacco farmers grow out of debt and be self-reliant, thus it becomes incumbent upon the farmer to insure their crop to cushion themselves from the debilitating effects of climate change.
Acting President Constantino Chiwenga officially opening the
UGI Malawi rebounds as Nicozdiamond records profit in FY17….Process to merge with Tristarinsurance commences
By Insurance24
HARARE, A rebound in United General Insurance (UGI) Malawi and a modest growth by the Company (Nicoz Zimbabwe) lifted short term insurer, Nicozdiamond performance during the year ended 31 December 2017.
Group chairman James Karidza in statement of the financials said the performance