Old Mutual Insurance’s financial strength upgraded
Staff Writer
Old Mutual Insurance Company (OMICO) financial strength rating has been upgraded to an AA, symbolizing its ability to pay claims and maintain a strong market position, Insurance 24 reports.
In a statement, OMICO said the rating symbolised the strength in its financial profile and ability to pay claims and strong market position
FMHL strengthens regional reinsurance operations
Staff Writer
First Mutual Holdings (FMHL) has moved to strengthen its regional reinsurance operations after the Group raised BWP60 million in Botswana as well as capitalising the Diamond Seguros in Mozambique.
A Botswana based firm Aleyo Capital did the bidding for FML for an amount approximately equivalent to US$5,02 million.
The Botswana-based investment
ZB Holdings net insurance earnings overturn loss position
Staff Writer
ZB Holdings’ net insurance related earnings improved from a loss of ZW$0.003bn in 2020, to a profit of ZW$0.830bn in 2021, on the back of a 7% rise in gross premiums from ZW$1.845bn in 2020 to ZW$1.982bn in 2021.
According to the Group’s 2021 financials, insurance related expenses declined 38% to ZW$1.152bn in 2021 from ZW$1.847bn
Ipec investigates First Mutual Life Assurance Company
Staff writer
First Mutual Holdings Limited (FMHL) says the Insurance and Pensions Commission (IPEC) intends to perform a forensic investigation on its subsidiary First Mutual Life Assurance Company (FML), arising from the asset separation exercise initiated by IPEC.
FMHL in a statement said IPEC has deemed the submissions made by FML not to be adequate
TRANSFORMING FUTURES THROUGH FINANCIAL EDUCATION
Old Mutual joined the global community in celebrating the 10th anniversary of Global Money Week from 21 – 27 March 2022.Global Money Week is an annual global awareness campaign aimed at financially equipping young people from an early age to make smart financial decisions for a brighter future. This year’s edition ran with the theme,
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Fidelity Life unveils Vaka Yako as it responds to housing demand
Staff Writer
Fidelity Life Assurance of Zimbabwe Limited (FIDL.zw) in response to the demand for modern houses in Zimbabwe has come up with a product
Moonlight commits to maintain environment
Staff Writer
Moonlight Funeral Assurance participated in today’s national clean-up campaign where the company committed to continuously clean, fix and conserve the environment that it is operating within.
Noway Museba, the company’s Public Relations Officer said besides the clean-up, the company partnered other companies operating within to fix a road as
Chihota appointed Fidelity Life Assurance managing director
Staff writer
Zimre Holdings Limited has appointed Reginald Chihota as the Managing Director of its subsidiary, Fidelity Life Assurance effective March 1 2022.
In an internal memo seen by Insurance24, Zimre CEO Stanley Kudenga Said Chihota, who has a strong background in the Life, Pensions and Medical Aid business,
Genesure introduces self-service Zinara Licensing and Motor Vehicle Insurance machine
(Release)
GeneInsure, a Multiple Insurance Agent (Underwritten by Zimnat General Insurance), takes pride in being the first and only one in the Zimbabwean Insurance Sector to provide Self Service Insurance through the Automated Licensing Machine – ALM. The kiosks are found at select OK, Bon Marche stores, select
Dear: Valued ZAPF Member and Stakeholder,
The Zimbabwe Association of Pension Funds in partnership with Insurance24 will on Friday 10 December 2021 publish the 4th Quarter December 2021 Magazine Issue under the theme, Closing the savings gap-Restoration of confidence in the pension industry.
The magazine will provide an opportunity to highlight conference deliberations, resolutions and plans for