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
Old Mutual opens one-stop-shop in Mutare – Press release
By Insurance24
HARARE, Old Mutual, one of Zimbabwe’s largest integrated financial services companies has opened a new one-stop-shop branch offering their mainfinancial and banking services under their Greenzone branded shop concept as well as the refurbished CABS Branch.
Commenting on the opening of the new branch, Jonas Mushosho, Old Mutual
Zimnat launches innovative billboard campaign – Press release
By Insurance24
HARARE, Zimnat has launched an innovative advertising campaign to let people know some of the ways in which it can make their life better, through the customer friendly insurance and finance services it offers.
The campaign, which has also been promoted through television, print media has now added billboards. The emphasis
FMHL to consolidate risk business…moves to re-locate reinsurance business to Botswana.
By Insurance24
First Mutual Holdings Limited says it will looking at consolidating its risk business by romping in cotton famers after tobacco farmers brought in an excess of US$1 million in the interim period.
Gross premiums written in the 6 months to June 30 2018 increased 15% to US$8,3 million from US$ 7,2
The Group, which in 2018 celebrates 100 years since it was established in 1918 and 20 years since it was listed on the Johannesburg and Namibian Stock Exchanges, attributed the performance to its well-diversified profile across geographies, market segments and client offerings.
Investment market volatility, a stronger average Rand exchange rate and weak South African and Namibian economies, however,
Old Mutual limited confirms progress on strategic priorities after JSE listing…
R46.8bn to be returned to shareholders
HARARE, Old Mutual Limited (OML) in its first interim results since its primary listing on the Johannesburg Stock Exchange in June 2018, confirmed it was making good progress on its strategic priorities.
It stated its solid financial delivery in a tough operating environment,
Ipec approves Heritage pension fund liquidation
Walter Mapfumo
Staff Reporter
HARARE, Insurance and Pensions Commission (Ipec) has approved the liquidation of Heritage pension fund with an independent consulting actuary MAOS having been appointed liquidator of the fund.
The approval is as at December 31 2017. In an update Insurance Broking and Risk Management company, Marsh said all members, deferred
CBZ Holdings insurance units profitable in H1, 2018, as ratings also improve
Walter Mapfumo
Staff Reporter
HARARE, CBZ Holdings insurance units net underwriting income for the interim period ended 30 June 2018 increased to $4,69 mln compared to $3,94 million same period last year.
Group’s total income for the period amounted to $93,16 million compared to $80,47 million in June last year.
A statement