Zimbabwean appointed Swiss Re, UK & Ireland CEO
HARARE, Swiss Re has appointed Tavaziva Madzinga as new chief executive officer (CEO) of UK & Ireland (UKI), succeeding Frank O’Neill who left the reinsurer in September.
Madzinga, currently market executive for the Middle East & Africa (MEA) across both property/casualty and life/health, will be based in London and remain a member
Cimas assists Chitungwiza cholera centre
HARARE, In response to the cholera outbreak beyond Harare’s borders, a high-powered team from Cimas Medical Aid Society has visited the St Mary’s Cholera Treatment Centre in Chitungwiza, where it handed over items for the treatment and prevention of cholera.
It also presented the centre with care packages for doctors, nursing staff and general hands working
CIMAS to continue accepting RTGS contributions
HARARE, CIMAS says it will continue to accept contributions from both Nostro FCA accounts and RTGs FCA accounts until a contrary directive is issued by the monetary authorities.
The countries’ economic situation is affecting the health sector as pharmacies and private hospitals are rejecting medical aid schemes with prices of critical drugs going
FMHL proposes transfer of TristarInsuarance business to NicozDiamond
HARARE, FMHL has approached government to make an application to transfer TristarInsuarance Company business to NicozDiamond in terms of section 33 (4) (A) of Insurance Act [Chapter 24.07.
FMHL during the year consummated a transaction in which it acquire NicozDiamond majority stake held by the National Social Security Authority
Investments boost Nyaradzo’s funeral business market share
Own correspondent
Vic -Falls, Nyaradzo Life Assurance Company’s investments into capacity over the years has seen it commanding 70% market share in funeral business and 26% in life insurance to date.
The group has been enlarging its footprint from funeral life insurance, events management, furniture and many others as it looks
Old Mutual plc unbundles from Nedbank
HARARE, London-based Old Mutual Plc (OMP) has now unbundled majority of its shareholding in the issued share capital of Nedbank Group Limited (Nedbank) to ordinary shareholders of Old Mutual following the conclusion of initial phases of unbundling of the group.
The Nedbank unbundling is the final step of the Managed Separation, which was materially completed
Residential stands boost Fidelity Life in H1
By Insurance24
HARARE, Strong revenue performance from residential stands sales and a solid growth in premiums lifted Fidelity Life out turn for the half year ended June 30, 2018.
Stand sales amounted to $12 million while gross written premium went up 43 percent as a result of refocusing the sale and distribution function.
“Therefore, the two revenue lines
ZHL to capitalize Credsure…as group profits decline in H1, 2018
HARARE, Zimre Holdings Limited says it will strengthen Credsure capital base and operationalize Emeritus Reinsurance to raise capital for consolidating its regional footing as the company continues to implement its strategy premised on strengthening and realigning reinsurance, insurance and property operations for growth profitability,
First Mutual joins fight against cholera
HARARE, Following the cholera outbreak in Harare which has been declared state of emergency by the government and to date has claimed the lives of 30 people and now spreading to other cities, The FMHL group subsidiaries have responded to the call and will complement the government’s efforts and other corporate organisations and making a contribution of
Nicoz Diamond consolidates following FML takeover
By Insurance24
HARARE- Short term insurers Nicoz Diamond and Tristar today published a notice of the proposed transfer of Tristar Insurance to Nicoz Diamond in line with the FML takeover plans.
In 2017, FML Holdings, one of the largest insurance groups in Zimbabwe, acquired a controlling stake in Nicoz Diamond which by then was a standalone entity offering