Doves Funeral’s exciting executive Lifestyle package.
Insurance24
HARARE, The Dove Lifestyle Package, comes in with holiday provision for the policy holder, top of the range caskets and executive vehicles to provide comfort at the time of bereavement. The product is an addition to the existing conventional funeral policies to cater for the high end market.
Apart from being the preferred funeral
Nyaradzo Funeral expands into South Africa
Insurance24 Reporter
Harare, Nyaradzo Funeral Assurance Company now has its presence in South Africa as part of an expansion drive into the region. The company obtained a service licence in South Africa in 2015 and has now moved to set up structures in that regard to oversee the service provision.
According to a source close to the developments, Nyaradzo’s
Group restructuring lifts Zimre Holdings in first six months of 2017
Insurance24 Reporter
HARARE, Zimre Holdings Limited gross written premium for the six months ended 30 June 2017 at $15.79 mln was lower than $16.32 mln recorded in 2016 same period. Despite the decline GWP, the group achieved a 113% increase in profit for the period to $2.72 mln compared to $220 649 in 2016 largely as a result of
Reuben Java appointed Fidelity Life Group CEO, as profit jumps 100% in half year 2017
Insurance24 Reporter
HARARE, Fidelity Life Assurance Zimbabwe Limited net premiums for the interim six months ended 30 June 2017 declined 28% to $6.06 mln compared to $8.44 mln same period in 2016.
This was largely due to non- remittance of premiums by some policyholders and the discontinuance of some product lines
FML targets becoming largest short term insurer by market share
Insurance24 Reporter
HARARE, First Mutual Holdings Limited (FML) will become the largest player by market share in the short term insurance industry through merging NicozDiamond and Tristarinsurance, chief executive Doug Hoto has said.
NicozDiamond is currently within the top three short term insurers, where Old Mutual dominates while
Investment profit lifts First Mutual Holdings in six months to June 2017
Insurance24 Reporter
HARARE, First Mutual Holdings after tax profit for the six month period ended 30 June 2017 increased 63% to $4.3 mln compared to $2.6 mln same period in 2016 largely driven by increased investment income.
Group chief executive officer Doug Hoto told an analyst briefing that FML had an investment profit of
Grand Reinsurance and Botswana Insurance Company achieve increased profitability in H1 2017, as Zimnat decline
Insurance24 Reporter
ZHL / NSSA still engaged on NicozDiamond’s stake
Insurance24 Reporter
HARARE, Zimre Holdings Limited (ZHL) says negotiations over the disposal of certain assets, that include a 30.03% stake in short term insurer Nicoz Diamond are ongoing.
Information is that the National Social Security’s Authority (NSSA) is the prospective buyer of the ZHL shares in order to increase its majority stake to 80.92%
Sanlam, Zimnat’s parent company banks growth prospects on outside South Africa operations
Insurance24 Reporter
South African insurer, Sanlam, who are the largest shareholder in local insurer Zimnat says growth prospects outside of South Africa remain more positive with the improvement in economic conditions likely to persist in the medium term across most regions where it operate.
Sanlam, a financial
FML shareholders approve acquisition of NicozDiamond, as changes in management looms
Insurance24 Reporter
HARARE, Management changes are now visibly looming at NicozDiamond and Tristarinsurance after shareholders of First Mutual Holdings (FML) approved at an EGM the acquisition of 80.92% the entire issued share capital of Nicoz which will result in merging of the two short term insurers.
FML group