IPEC okays liquidation of Lancashire Steel Pension Fund
Insurance24
HARARE, Regulator, the Insurance and Pensions Commission (IPEC) has approved the liquidation of the Lancashire Steel Pension Fund. This is in terms of Section 10 (1) (a) of the Pension and Provident Fund Act (Chapter 24.09) and Section 10.2 of the Rules of the Lancashire Steel Pension Fund as at 31 August 2016.
The steel company folded
FMHL receives regulatory approval for NicozDiamond acquisition
Insurance24
HARARE, First Mutual Holdings (fmhl) says has received regulatory approval for the acquisition of the entire issued share capital of NicozDiamond Insurance, and subsequently the National Social Security Authority (NSSA) has transferred to FMHL 50.89% of the entire issued shares of NDIL.
In an update on transaction to acquire
13TH check for Pensioners as NSSA profitability soar in excess of $100 mln
Insurance24
Harare, The National Social Security Authority (NSSA) anticipates profitability in excess of $100 million in 2017 thus has approved a bonus payment equivalent to a 13th cheque to all pensioners with their December 2017 pension.
“NSSA’s performance has continued to improve with actual management accounts to 31
FBC Insurance targets global service delivery standards
Insurance24
HARARE, FBC Insurance says the SSP Pure Insurance’s digital platform has not yet been fully operationalized, but once completes, will have a significant impact on service delivery to customers and stakeholders across the group.
The company earlier in the year partnered SSP Pure Insurance, a global provider of technology systems and
ZIMRE Holdings appoints consultant for re-branding
Insurance24
HARARE,ZIMRE Holdings Limited (ZHL) says the mono rebranding of all ZHL Group reinsurance SBU’s both domestic and regional has reached an advanced stage with a consultant already hired to drive the re-branding process.
The two phased exercise is part of the Group’s new strategic thrust which also include bringing regional reinsurance
Fidelity Life Assurance survives the Langford Estate dispute
Insurance24
HARARE, Insurer, Fidelity Life Assurance yesterday survived the risk of losing the Langford Estate after CFI Holdings shareholders rejected the resolution at an Emergency General Meeting (EGM).
The EGM followed a requisition by Willoughby’s Investments –which holds more than 10% of CFI, to reverse the disposal of 81% Langford
Fidelity Life appoints Chief Finance Officer
Insurance24
HARARE, Fidelity Life Assurance has appointed Patricia Zvandasara as Group Chief Finance Officer effective 01 October 2017. She has worked in various local and international organisations and extensive experience spanning over 22 years particularly in the insurance industry.
“She served in various senior leadership capacities where she drove
FML to capitalise merged Nicoz and Trista insurance, 17.9% of $17.52 mln reserved for cash component of transaction
Insurance24
HARARE, First Mutual Holdings says of the raised $17.52 mln capital through a renounceable rights offer, approximately 17.9% had been set aside for the estimated cash component of the transaction to acquire Nicoz Diamond issued share capital with the balance being utilised
Insurers battle for top recognition at 2017 Zimbabwe Service Excellence Awards
Insurance24
HARARE, Insurers, Zimnat, Nicoz Diamond, Old Mutual and Fidelity Life have been nominated for the 2017 Zimbabwe Service Excellence Awards in the Insurance sector category and will battle it out at the awards ceremony to be held on the 20th October, 2017.
The Zimbabwe Service Excellence Awards are organised and
CFI Holdings EGM to seal fate for Fidelity Life’s Langford Estates transaction
Insurance24
HARARE, Insurer, Fidelity Life Assurance may lose the Langford Estate, a land comprising of 834 hectares, if Willoughby’s Investments, a substantial shareholder in CFI Holdings succeed in reversing the transaction at an extra-ordinary general meeting to be held next month.
The transaction which was consummated