Insurance, Prima Reinsurance PlcSeptember 16, 2020

PRIMA Reassurance at Half Year 2020- By their numbers
Prima Reassurance has reported their half-year financial performance on SENS which shows indications that the insurance company is heading back to financial health. The following is their statement on SENS on their performance, according to the announcement released on 16th September 2020. Performance Overview The Company operated in a challenging environment with the onset of […]

InsuranceSeptember 16, 2020

HOW THE LOCAL INSURANCE SECTOR IS TURNING THE CORNER
Stanbic Insurance Brokers see growing opportunity for inclusive insurance in Zambia. Zambia’s private sector has taken a massive hit during the first half of 2020 as a result of the COVID-19 virus pandemic. While the relief interventions by government and other institutions are commendable, there is a serious need for us to put as much […]

Insurance, Prima Reinsurance PlcJuly 23, 2020

Prima Re. raises K40.5 million in rights issue
Prima Reinsurance Plc has successfully listed 15 million additional shares following a Rights issue, according to a statement from the company. “Shareholders of Prima Reinsurance Plc are referred to the Declaration Announcement published on Friday, 29 May 2020 and the Finalisation Announcement published on Friday, 5 June 2020 as well the Circular to Shareholders dated […]

Insurance, Prima Reinsurance PlcJuly 2, 2020

Prima fundraising hots up
Prima Reinsurance has advised shareholders that it is making steady progress in the paperwork around the forthcoming rights offer, according to a statement from the company. “Shareholders of Prima Reinsurance Plc (“Prima Re” or “the Company”) are referred to the 1st Announcement (Declaration Date) published on Friday, 29 May 2020 advising shareholders that the Company […]

Insurance, Prima Reinsurance PlcJune 21, 2020

David Kombe retires from Prima Reinsurance Board
Prima Reinsurance Plc has announced the retirement of David Kombe as Chairman of the Board, according to a statement from the Company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Prima Reinsurance Plc (“the Board”) wishes to announce the retirement of Mr. David Kombe as Director and Chairman of […]

Insurance, Prima Reinsurance PlcMay 19, 2020

Prima Re. to pay 7 ngwee per share dividend to shareholders for 2019 FY
AGM also considers Rights Issue to raise Capital The only listed reinsurance company on the Lusaka Securities and Exchange has announced that it will pay investors in the company 7 ngwee per share, according to a published statement from the company. The announcement came after the recently held AGM which was held via the online […]

Insurance, Prima Reinsurance PlcDecember 20, 2019

Prima Reinsurance appoints Brian Musonda as Director
Prima Reinsurance has announced the appointment of Brian Musonda as a Director on its board, according to a statement from the company. “Pursuant to section 3.59 of the LuSE Listings Requirements, the Board of Directors (the “Board”) of Prima Reinsurance PLC (“Prima Re” or the “Company”), wishes to announce the appointment of Mr. Brian Musonda […]

Insurance, Prima Reinsurance PlcSeptember 19, 2019

Prima Reinsurance losses continue at half year 2019
Prima Reinsurance’s woes are set to continue for another year as the company indicated that it forecast another loss after tax at half year 2019. “In accordance with section 3.4(b) of the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Prima Reinsurance PLC (“the Company”) that the Loss […]

Insurance, Prima Reinsurance PlcMay 29, 2019

Prima Reinsurance Investors continue to face uncertainty
Investors in Prima Reinsurance will have to continue to wait on the full assessment that is currently being conducted by the company for peace of mind regarding their securities in the company. On November 12th 2018, the company announced that there would be a possible impact on the company’s shares due to what the board […]

Banking, InsuranceMay 26, 2019

Banks Entry In The Insurance Territory
In the year 2018 the Zambian banking sector witnessed both favourable and unfavourable business environment conditions. Top among notable favourable business environment conditions was the stable and consistent lending interest rates backed by the Bank of Zambia’ monetary policies. However it was during the year 2018 that the Bank of Zambia in its role as […]