ZIMNAT partners financial institutions to develop a trade finance market in Zimbabwe
By Insurance24
HARARE, Zimnat says is offering credit insurance in a transitioning environment which demands the adoption of a structured credit insurance model.
In that regard, “Zimnat formed a partnership with BankABC intending to do the same with all other financial institutions that have an objective of developing
First Mutual Holdings Limited after tax profit jumps 35% to $5 mln in 5 months to May 2018
By Insurance24
HARARE, First Mutual Holdings (FMHL) after tax profit for the 5 months to May 2018 grew 35% to $5 mln compared to $3.7 mln same period last year largely as a result of increased revenues and a low growth rate of expenses.
Chief executive officer Doug Hoto in a brief update at the company’s annual
ZB Financial Holdings still keen on regional unit
By Insurance24
HARARE, ZB Financial Holdings says is still keen to set up a regional financial services unit as foreign payments persist due to depleted nostro accounts.
FMHL moves to acquire 100% stake in Nicozdiamond as NDI also moves closer to ZSE de-listing
By Insurance24
Econet set sight into Vehicle and Education insurance…Over 2 mln Zimbabweans on Ecosure funeral
By Insurance24
HARARE, Econet Wireless Zimbabwe says under its Fin-Tech segment, through the Ecosure brand, Insurer-tech is now the fastest growing segment with over 2 million Zimbabweans accessing funeral insurance.
The company in its financial statements for the year ended 28 February 2018, noted
Life Reasurers net premium up 13% in 2017…Emeritus Re and FM Re account for 77% of total gross premiums
By Insurance24
HARARE, Emeritus Re, which is still referred as Baobab Re in the IPEC reports accounted for 49% of the $7.7 mln gross premium income for the reinsurance industry in 2017 which increased 4% from $7.4 mln during prior year.
Combined with First Mutual Re, the two reinsures accounted
ZHL adopts new business model for Credsure
By Insurance24
HARARE, Zimre Holdings (ZHL) has re-modeled the business thrust of Credsure to become an underwriting management agency as the group among other things seeks to lower business acquisition costs.
Group chief executive officer Stan Kudenga said at an analyst briefing that the transaction was consummated at a cost of $1.5 mln.
“People may ask
Zimpost in partnership with Nicozdiamond unveils Post Insurance with exciting promotion
By Insurance24
HARARE, Postal services giant, Zimpost in partnership with short term insurer Nicozdiamond has unveiled an enhanced partnership which saw the birth of a new insurance business, Post Insurance, underwritten by Nicoz.
Managing director Sifundo Moyo at an event to unveil the new brand as well as a
International experts to unpack role of trade credit insurance in reviving Zim economy
By Insurance24
HARARE, A high level conference on the role of trade credit insurance in promoting and supporting increased trade will be held next month (June 8) at Cresta Lodge in Harare with the aim of helping promote greater understanding of trade credit insurance and the critical role that it can play in the
CBZ Holdings underwriting income increase 31.6% to $2.5 mln in Q1 2018
By Insurance24
HARARE, CBZ Holdings underwriting income units increased 31.6% to $2.5 mln during the quarter ended 31 March 2018 compared to $1.9 mln same period in 2017. This was largely supported by investment in new products unveiled during the period.
The Group’s insurance units include CBZ Insurance which as at September