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HARARE – Zimbabwean banking group, CBZ Holdings Limited (CBZ), has announced a delay in publishing its financial statements for the year ended December 31, 2023. This delay is attributed to ongoing complications surrounding its significant stake in First Mutual Holdings Limited (FMHL).
HARARE – First Mutual Life Assurance Company (FML) finds itself embroiled in a legal dispute with the Insurance and Pensions Commission (IPEC) following a contentious “Corrective Order” demanding substantial payments to policyholders.
First Mutual Holdings Limited (FMHL) has suspended its Annual General Meeting (AGM) pending a forensic audit into allegations that the organisation defied the law on separation of insurance and pension businesses.
‘Greedy’ insurance companies like Old Mutual and First Mutual are yet to pay back US$5,86 billion they took from Zimbabweans due to weak regulatory framework by the Insurance Pension Commission of Zimbabwe (IPEC) and inflation over ten years ago. This was revealed by Former Finance Minister Tendai Biti in Parliament
MDC vice-president Tendai Biti has rekindled his $15 million retirement claim against First Mutual Holdings Limited (FMH) after the insurance company said it would only pay him less than what was agreed upon reaching the retirement age of 60.
A Harare woman was slapped with a four months’ prison term after she was found guilty of using fake Ordinary Level certificates and worked as an insurance agent at a local insurance firm for 11 years.