Tag: insurer

What you need to know about Old Mutual’s plan to buy back $158 million more shares

Old Mutual Ltd will launch its second share buyback of the year on Sept. 3, South Africa’s second-largest insurer said on Monday after posting a 10% rise in half-year profit.

Ex-CEO Peter Moyo plans to take Old Mutual to court

Former Old Mutual CEO Peter Moyo is to challenge the employer’s conduct in court after the insurer fired him citing a conflict of interest.

Why regulator wants answers from South African insurer Liberty following cyber attack

JOHANNESBURG (Reuters) - Insurer Liberty Holdings faced questions from South Africa’s Information Regulator on Monday, a day after the company said it had become the victim of a cyber attack. The regulator said...

South African insurer Sanlam posts 6 pct fall in FY profit

Sanlam Ltd, South Africa's biggest life insurer, reported a 6 percent decline in annual profit on Thursday, dragged down by unfavourable currency moves and weaker returns from the equity market. Normalised headline earnings,...