TROPICAL RE sets focus on sustaining growth- Tropical RE

Tropical ReInsurance was recently conferred with a BBB+ rating by GCR, a major milestone in the history of the Reinsurer.

Insurance24 (24 ) I spoke to  Tropical RE Managing Director USHE Mungaraza (UM) to understand what this meant to Tropical  Re.

Find the interview below:

I24: You have received a BBB+ GCR rating. Tell us more about this

UM:

ZHL offer to ZPI minorities successful

Staff Writer

ZIMRE Holdings Limited (ZHL) says ZPI’s offer to minorities has been successful, paving pay for finalization of the transaction which will also culminate in the de-listing of ZPI from ZSE.

The Offer, which was announced on 9 September 2020, opened on 11 September 2020 and closed on 16 October 2020.

“The Boards and Management of Zimre Holding

Victoria Falls Stock Exchange to launch this Friday

Staff reporter

HARARE, The Victoria Falls Stock Exchange Limited (“VFEX”) has been granted the approval to launch and commence trading of securities by the Securities and Exchange Commission of Zimbabwe (SECZ).

The official opening of VFEX is scheduled for Friday 23 October 2020, at its new offices in Victoria Falls. The Minister of Finance and

Staff reporter

Fanset International says its new offering, User Based Insurance (UBI) is set to revolutionalise the local insurance industry as it aims to assist insurance companies to offer dynamic pricing to their customers.

This will be through use of its special technology that analyses driver’s behaviors and giving them a ranking on top of being able to accurately reconstruct accidents on the

Insurers should balance benefits and effects of data sharing

Staff Reporter

As insurance companies embrace the use of digital data, they must remain cognisant of balancing its benefits and effects by ensuring that clients are comfortable either with use of the data or sharing such data, Insurance 24 has learnt.

This was said by Emeritus Re Head Reassurance and Underwriting, Clementine Chinyuku during

VFEX launch imminent as it gets licence

Staff Reporter

The Securities and Exchange Commission of Zimbabwe (SecZim) has licensed the Victoria Falls Stock Exchange Limited (“VFEX”), paving way for its planned opening.

This is in accordance with the Securities and Exchange Act, Chapter 24:25.  VFEX which shall be a foreign   currency denominated platform is a subsidiary of the Zimbabwe Stock

Low micro-insurance uptake trends still worrying

Staff Reporter

HARARE, Deteriorating disposable incomes fueled by the current economic status as well as lack of innovation have become the major obstacles in the uptake of micro insurance in Zimbabwe at a time the industry is struggling with confidence issues.

Micro insurance is a mechanism to protect low income people against risk, such as accident,

Regional markets boost Emeritus

Staff reporter

HARARE, Successful consolidation and claw back of participation on key group life business accounts and USD denominated business from the external market saw Emeritus ending the 5 months to May 2020 on a strong footing.

In a trading update, Zimre holdings, said despite the exchange rate distortions that fueled increases in claims, the claims ratio of

Mtasa steps down from FMHL after 10 year tenure

Staff Writer

FIRST Mutual Holdings (FMHL) has made board changes with the resignation of Oliver Mtasa from the group’s chairmanship effective 07 August 2020, having completed his term of office.

The group in a statement noted that this was in line with the principles of good governance that require periodic rotation of directors and board revitalization.