Emeritus International gets –A credit rating
HARARE, The Global Credit Rating agency has upgraded Emeritus Reinsurance credit rating to –A from BBB, reflecting the group’s claims paying ability and strong balance sheet.
Emeritus Reinsurance is a professional pan-African reinsurer specialising in providing reinsurance and risk management solutions to the direct insurance markets.
The group has
Zimnat partners Access Finance to provide bureaux de change
HARARE, Zimnat customers can now obtain bureau de change services at selected Zimnat branches across the country, following the establishment of a partnership between Zimnat General Insurance and Access Finance for the provision of these services.
Zimnat offers businesses and individuals a variety of products that include motor insurance,
FBC still keen on Mauritius Re
Staff Writer
HARARE, FBC Holdings says plans to set-up reinsurance unit in Mauritius remains on course. The unit will be 100% owned by FBC Reinsurance Ltd.
Chief executive officer John Mushayavanhu at the company’s announcement of its 2019 half year results, said the group has now obtained the required approvals.
With Zimbabwe currently faced with foreign currency shortages,
Zim in hyperinflationary: Old Mutual Limited…. to manage capital from Zim business on ring fence basis
Staff Writer
HARARE, OLD Mutual Limited (OML) says its Zimbabwean business will be managed on a ring fenced basis until such a time the group will be able to access capital by way of dividends.
The diversified group has a primary listing in South Africa and in Zimbabwe. Old Mutual has a diversified
Sanlam says new business growth potential will remain under pressure, despite satisfactory performance in Four-month
HARARE, Sanlam, whose presence in Zimbabwe is through Zimnat, reported a satisfactory operational performance in the four months to 30 April 2019, despite persisting headwinds in South Africa, the Group’s largest market, and international political and economic turmoil affecting
Ron Mutandagayi, ZB Holdings chief executive
ZB Holdings still keen on regional expansion…as net insurance income increase in H1
Staff Writer
HARARE, ZB Holdings net business income from insurance operations for the half year 2019 increased 44% to ZW$7 mln from ZW$4,9mln for the half year ended 30 June 2018 with growth in reinsurance premiums reflecting a partial restoration of covers against rising
Clients of Allan Gray increases stake in Old Mutual Limited
Staff Reporter
HARARE, Old Mutual Limited says clients of Allan Gray now holds 10.0018% of the JSE listed total issued ordinary shares of the company.
In a notice to its shareholders, Old Mutual said the acquisition was done within the confines of the JSE Limited Listing Requirements, among other regulatory requirements.
“….. in accordance
Minister hopes for fresh approach at NSSA
HARARE, The Minister of Public Service, Labour and Social Welfare, Sekai Nzenza has said the new NSSA board comprise personnel of diverse skills who has ability to bring a fresh approach to the Authority.
“This is a new board with a diversity of skills and expertise bringing a refreshing approach to good corporate governance in order to ensure an effective,
Zimnat constructs ablution block for girls at Epworth school: Press Release
HARARE, Zimnat, one of the country’s leading insurance and finance groups, has spent more than $110 000 on the construction of a girls’ ablution block at Chizungu Primary School in Epworth.
Currently children at the school use pit latrines, some of which were constructed by the children themselves. There is one block of
Fidelity Life Assurance commits to improved service delivery
By Insurance24
HARARE, Fidelity Life Assurance of Zimbabwe has received a new certification as part of its bid for improved service delivery.
The company has migrated to ISO 9001:2015, a departure from the ISO 9001:2008 standards that the company was formerly guided by.
Fidelity Life chief executive officer, Reuben Java said the migration