Old Mutual Limited sales shows signs of resilience
Staff reporter
HARARE, Old Mutual Limited says operating conditions across its businesses have remained challenging during the second half of 2020 although its volume related key performance indicators (KPIs) have shown recovery, demonstrating the resilience of the franchise.
In a preliminary trading update for the year ended 31 December 2020, OML
Partnerships open powerful opportunities for positive change: Old Mutual
Staff Reporter
HARARE, OLD Mutual Group has honoured partners who have worked with it to positively impact the lives of stakeholders, customers and communities across the continent.
The positive power of partnerships was celebrated at the second annual Old Mutual Partnership Awards ceremony held recently.
The Partnership Awards
FMHL says new partner to enhance group’s growth prospects
Staff Reporter
FIRST Mutual Holdings (FMHL) says the new strategic partner that biggest shareholder NSSA, intends to bring will enhance the group’s growth prospects.
This comes as NSSA has announced its intention to reduce its stake in First Mutual Holdings Limited (“FMHL”) from the current 66.22% to 35% through offloading up to 31.22%
NSSA refocuses investment strategy
Staff Writer
HARARE, The National Social Security Authority (NSSA) says it is currently implementing a refocus strategy that involves divesture, consolidation, and optimisation of its investments to unlock value for the benefit of its members who include pensioners and contributors.
Arthur Manase, NSSA’s General Manager, in a statement said the authority will
FHML lifts ZSE turnover
HARARE, Insurer, First Mutual Holdings was among Wednesday’s top performers on the Zimbabwe Stock Exchange (ZSE), after trading $35,9 million worth of shares. This saw turnover for the day reaching
$88,7 million from 8,1 million shares, supported also by a good trade values in Delta which traded $24,6 million. The All Share Index was down 0,88 percent to close at 2,451,05
ZSE firmer today
HARARE, The ZSE traded firmer today with most indices reducing the losses from previous sessions. The Mining Index gained 19.30 points, the Top Ten Index added 2.47 points and the benchmark All Share Index was up by 15.49 points. First Mutual Properties and Getbucks were the biggest gainers adding 20% whilst Dawn Properties was the biggest loser after easing 11.53%. The market breadth
Four insurance brokers’ licenses cancelled
Staff writer
HARARE, Insurance and Pensions Commission (Ipec) has cancelled registration certificates for four insurance broking companies on the basis of lack of compliance to Ipec requirements.
The companies are Ambassador Insurance Brokers, Auto and General Insurance Brokers, Hostcare Insurance Brokers, and Revival Insurance Brokers.
In a statement, Ipec
Cassava Insurtech business revenue grows
Staff writer
HARARE, Cassava Smartech’s revenue for its Insurtech business grew 131% for the period ended November 30, 2020, compared to Q2 on driven by a strong growth in short term insurance business which registered 165 increase on Q2 revenues.
This was also driven by the companies high end comprehensive diverse product portfolio which span
Tassius Chigariro appointed Old Mutual Namibia CEO
HARARE, OLD Mutual Namibia has appointed Tassius Chigariro as its new group chief executive officer, with effect from the start of 2021.
Old Mutual Namibia’s current chief executive officer, Kosmas Egumbo, will take up a new position as executive responsible for Old Mutual’s life insurance and asset management companies across the rest
Old Mutual Insurance Company win Best Corporate Governance Disclosure award
Staff Reporter
HARARE, OLD Mutual Insurance Company was declared the overall winner of the Best Corporate Governance Disclosures Award for the insurance sector at the Institute of Chartered Secretaries and Administrators Excellence in Corporate Governance Awards ceremony at held in Harare on Wednesday evening.
The first runner-up