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Insurance

UK insurer Aviva doubles CEO’s pay to $8 mln in 2015

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 […]

Insurance

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 […]

Insurance

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. […]