Re-branded Emeritus Re Zimbabwe lifts ZHL in five months to May 2018
By Insurance24
HARARE – Zimre Holdings Limited gross written premium for the five months to May 2018 increased 9% to $14.4 mln largely driven by rebranded Emeritus Re Zimbabwe.
Chief executive officer Stan Kudenga told shareholders yesterday that Emeritus Re Zimbabwe is now profitable and continues to grow.
On other hand, restructured
Ipec to accredit auditing firms to disclose malpractices
HARARE – The Insurance and Pensions Commission (Ipec) is working towards accrediting companies that audit the insurance market in order to bring an obligation for disclosure of some key matters that are often left out.
The Commission’s Head of Pensions Josphat Kakwere told an ICAZ/IPEC seminar Tuesday that the accreditation is akin
South Africa’s Liberty Health to strengthen partnership with FBC Insurance
By Insurance24
HARARE , South Africa’s medical health insurer, Liberty Health has said that it is bullish about the Zimbabwean market and is looking at further developing its partnership with FBC Insurance. FBC Insurance is the underwriter of Liberty Blue Health Cover Zimbabwe.
Liberty Health Divisional Director Katy
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