The ZSE Monitor: Old Mutual in action, as Fidelity stand to lose $200 mln pre-tax profit?
Harare, Of the outright insurance companies listed on the Zimbabwe Stock Exchange (ZSE), only Old Mutual was in action in today’s session after trading $0.0006 stronger at $3.93. The insurance giant is due to announce its interims on 9 August 2017, amid the continued liquidity challenges that is impacting
Insurers, Fidelity Life and Zimre Holdings trapped in CFI Holdings shareholding debacle
Insurance24 reporter
HARARE, Fidelity Life Assurance may find itself in drenched position if Messina Investments successfully execute its bid to reverse the Langford Estates land sale, the transaction it has branded illegal.
Fidelity has since begun the necessary processes to commence construction of about 11
FBC Insurance seeks technology driven growth as it partners SSP Insurance
Insurance24 Reporter
HARARE, FBC Insurance in its quest for growth and lowering costs has partnered SSP Pure Insurance, a global provider of technology systems and solutions across the entire insurance industry.
According to the company’s website, SSP is a global provider of technology systems and solutions across the entire
The ZSE Monitor: FML among top movers, as Nicoz trade flat
HARARE, First Mutual Holdings Limited is among today’s top movers on the Zimbabwe Stock Exchange (ZSE) after adding $0.0020 to trade at $0.1140. Among the insurance companies, Nicoz Diamond also traded flat on $0.03 cents with 25 000 shares changing hands in a Monday session where no counter traded in the negative.
Old Mutual, Fidelity and
Bulk funeral companies defiant on minimum capital requirements
Insurance24 Reporter
HARARE, Only three funeral assurers Doves, First Funeral and Moonlight funeral companies were compliant with the $2.5 million minimum capital requirement as at March 2017.
Currently there are 9 funeral assurers with a total capital position of $38 530 000 as at March 2017, which is an improved position from $38 316
The ZSE Monitor: Insurance companies miss out on ZSE recovery
Harare, As the industrial index resumed the upward trend in mid-week trading session, only two insurance companies were active though with little contribution to the positive trajectory.
First Mutual Holdings traded flat at 11cents with a total 106 258 shares changing hands at a value of $11 688.33. On other hand, giant Old Mutual Plc was
The ZSE Monitor: Little appetite for insurance companies in Tuesday’s session
HARARE, There was little appetite for Insurance companies in Tuesday’s trading as witnessed by a small trade in Old Mutual Limited shares albeit on flat rate of $3.93.
All the other insurance companies muted on their previous closing prices did not trade in a session which also saw the Industrial Index retreating 0.33%
Insurance companies, pension and provident funds targeted for $80 mln AMA Bills
Insurance24 reporter
HARARE, Financial advisor in the $80 mln Agricultural Marketing Authority (AMA) Bills, CBZ Holdings is inviting insurance players among other investors to subscribe for the bills, it said in a statement.
AMA intends to issue the bills to raise finance for the purchase of maize for the 2017 buying season
Zimnat upgrades the Whole Life Plan with additional benefits
Insurance24 reporter
HARARE, Zimnat Life Assurance has upgraded its Whole Life Plan to include additional benefits as the company seeks to consolidate its position on the market.
Chief Operating Officer Elizabeth Rabvukwa in an emailed response to Insurance24 said the product while not entirely new, is a revised and revamped product.
We
FBC Holdings sets up offshore re-insurance unit in Mauritius
Insuranec24 reporter
HARARE, FBC Holdings says is awaiting approval from the Reserve Bank of Zimbabwe (RBZ) to set up an offshore re-insurance unit in Mauritius as the group seek to address nostro and liquidity challenges obtaining in Zimbabwe which is resulting in delays on settling foreign payments.
FBC has short term and re-insurance operations