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
The ZSE Insurance Monitor: Old Mutual saves insurers in subdued mid-week trading
Insurance24
HARARE, In a mid-week trading session on which the Zimbabwe Stock Exchange (ZSE) entered a consecutive second day to close in the red, for insurers only Old Mutual traded positive although in a marginal gain of $0.0003 to close at $3.93.
The diversified insurance and financial services group’s marginal
Zimnat in solid FY16 performance as insurance segment lifts Masawara Plc
Insurance24 reporter
HARARE, Masawara Plc‘s insurance segment recorded a positive outturn in 2016 which propelled the Group to an after tax profit of $58 000 from a loss position of $4.7 million in 2015.
Masawara Plc is an investment holding company focused on acquiring interests in companies based in Zimbabwe and the Southern
The ZSE Insurance Monitor: Insurance companies among today’s top losers
Insurance24
HARARE, Insurance giants Old Mutual Plc and First Mutual Holdings are the only counters of the sector that traded in today’s session albeit among top losers of the day.
The Zimbabwe Stock Exchange (ZSE) insurance companies monitor reports that coupled with losses from other three counters, the Industrial
Tristar Insurance adequately capitalized as it changes name
HARARE, First Mutual Holdings (FMHL) says the re-branding process of its short term insurer unit Tristar Insurance is progressing well on the legal side which also involves changing the name.
Tristar Insurance Company offers superior and innovative short term insurance products to individuals and corporates.
“We are still awaiting completion
Fidelity Life Assurance unveils a new funeral cover product
Insurance24 reporter
HARARE, Fidelity Life Assurance has unveiled into the market a new funeral cover product called Fidelity Medicover, which is a unique Funeral Cover that offer policy holder’s free drugs cover.
General Manager Group Marketing at Fidelity Life Assurance of Zimbabwe Melanie Gumbo told Insurance24 in an emailed response
ZSE Insurance companies monitor
HARARE, The Zimbabwe Stock Exchange (ZSE) Monitor debuts as a daily tracker on the performance of insurance companies listed on the local bourse. It is a product that is relied upon by industry professionals, investors and many other stakeholders for its insight and market intelligence on Zimbabwe’s insurance markets.
Key trends are identified and analysed, the industry’s
NSSA exits insurance’ and other investee companies
HARARE, The National Social Security Authority (NSSA) Board Chair Robin Vela will step down from the board of directors of all its investee companies that include several insurance companies as part of removing perception that some of NSSA’s investee companies were not treated fairly and equitably.
NSSA has interest in companies that include FBC
Eagle insurance to re-brand to FBC Insurance Company
HARARE, Eagle Insurance, a unit of financial services group FBC Holdings will be re-branded to FBC Insurance Company to reflect the Group’s flagship,a company official has said.
Several insurance companies have in the recent past mooted re-branding some their subsidiaries to identify with holding companies.
In particular, Zimre Holdings is in the
FBC Holdings insurance units marginally below budget in five months to May 2017
HARARE, FBC Holdings insurance subsidiaries were marginally below budget as at May 2017 although ahead of last year. The Group’s insurance units are FBC Reinsurance Limited and Eagle Insurance Company Limited.
Group chief executive officer John Mushayavanhu in a trading update for the five months to May at the company’s