British insurer Aviva more than doubled chief executive Mark Wilson’s pay to 5.67 million pounds ($8.1 million) last year, from 2.6 million in 2014, after the purchase of rival Friends Life, Aviva’s annual report showed. Aviva completed the 5.6 billion pound acquisition in April 2015, creating a market leader in […]
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UIF clampdown coming
By: Siyabonga Mkhwanazi The Unemployment Insurance Fund wants to clamp down on employers who fail to declare their employees to the fund and the South African Revenue Service (Sars), with Parliament set to approve the UIF Amendment Bill. Senior principal legal officer at the fund Cornelius Phathela told journalists at […]
Old Mutual readies sale of Italian wealth unit – sources
Financial services company Old Mutual is preparing to sell its Italian wealth management unit as part of a wider plan to break up its business, cut costs and revamp earnings, sources familiar with the matter said on Thursday. The Anglo-South African group, which has been present in Italy since 1997, […]
Presidency directs HoS, NAICOM to protect govt’s assets
The Presidency has directed the Head of Service to work with the National Insurance Commission (NAICOM) to ensure adequate protection of government’s assets. The directive was made through a letter signed by the Chief of Staff to President Muhammadu Buhari. According to the source, the Head of Service has been […]
Guinea Insurance appoints Isioma Omoshie as acting MD
Leave a comment and share Chuks udo Okonta Guinea Insurance Plc has announced the appointment of Isioma Omoshie as its acting Managing Director/Chief Executive Officer and the retirement of the Chairman and four Directors; who had served for over nine years on the Board of the Company. A statement by […]
Meyiwa Family Losing Patience Over Insurance Money
Samuel Meyiwa, the father of the late Orlando Pirates goalkeeper, Senzo Meyiwa, speaks on having to wait for his son’s insurance money to be processed. In 2014, the goalkeeper, who was the captain of Orlando Pirates and Bafana Bafana, was gunned down, however to date no arrests have been made. […]
DFL legislators want pension fund investments in fossil fuel firms to end
DFL legislators want state pension fund managers to dump fossil fuel stocks. By Maya Rao Star Tribune A group of legislators are calling on Minnesota’s pension fund managers to dump their stocks in coal, oil and natural gas, saying fossil fuel companies harm the environment and are a financially risky […]
Kenya Re Expects to Sell More Political Risk Cover in 2017, Boosting Earnings
By Adelaide Changole Kenya Reinsurance Corp., the country’s only publicly traded reinsurer, expects increased political risk linked to presidential elections in the East African nation next year to boost earnings, Chief Executive Officer Jadiah Mwarania said. Kenya is scheduled to hold the vote in 2017. While the previous ballot in […]
One Big Insurer Explains Why Obamacare Premiums Are Rising So Much
By Millie Dent | The Fiscal Times The Blue Cross and Blue Shield Association just released a new study that helps explain why some big health insurers are struggling to make money under Obamacare — and have jacked up premiums in many cases. The insurance giant’s newly covered customers were […]
Insurance to be issued through kiosks at Dubai malls soon
UAE residents with annual essential health benefit insurance cover will soon be able to renew their policy with a single swipe of their National ID or insurance card at kiosks set up in petrol pumps or shopping malls through credit card payment, a top official has said. The policy can […]
