NEWS

New Digital Insurance Initiative Set To Optimise Cross Border Transit

March 10, 2022

Financial technology insurance consultancy Askari has concluded an agreement with Hollard Mozambique Insurance to launch its digital strategy targeting cross-border trucking fleets.

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Hollard Seguros Mozambique acquires International Commercial and Engineering Seguros

March 11, 2022

Hollard Seguros Mozambique has secured regulatory approval for the acquisition of International Commercial and Engineering (ICE) Seguros.

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The broker OLEA to further expand in Africa

October 11, 2021

The pan-African insurance broker OLEA continues its expansion strategy in Africa. The group has acquired a majority stake in the capital of AIB Angola, the country’s leading broker.

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GCR affirms ICE’s Mozambican financial strength rating of A-(MZ); Outlook Stable

June 03, 2020

ICE’s rating is underpinned by a solid financial profile, with very strong levels of capitalisation and liquidity offsetting moderately adequate, albeit volatile earnings. The rating is further supported by a sound market position, although this is partly diluted by very low levels of premium retention, thus limiting market share on a net basis. Contrariwise, the insurer’s premium base is considered to be credit negative, reflecting elevated levels of single product and policyholder concentration.

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Mitsui Sumitomo bolsters Africa network with strategic alliance

July 04, 2018

Mitsui Sumitomo Insurance Company Europe (MSIEU), a wholly owned subsidiary of MSI, has concluded strategic alliance agreements with ICEA LION General Insurance Company in Kenya, and International Commercial and Engineering Seguros (ICE) in Mozambique.

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Allianz Care announces new partnership with ICE Insurance in Mozambique

July 13, 2018

Allianz Care has today announced a new partnership with ICE Insurance, a local insurance provider in Mozambique.

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ICE Insurance scales up Mozambique coverage as country prepares for major gas boom

Jan 24, 2018

Mozambique-registered insurer International Commercial and Engineering (ICE ) Seguros has increased its capital to US$10 million, as it positions itself to take advantage of Mozambique’s growing agricultural, gas and mining industries.

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One continent, OneRe

March 01, 2015

The insurance sector in Africa is relatively undeveloped, but a new London-headquartered reinsurance company is set to underpin the continent’s industry by covering some of the risk insured by African institutions.

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They’ve Got Angola Covered

2009

Robert and Greg Lewis are doing something right in one of the world’s toughest business environments.

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Absa acquires Global Alliance of Mozambique

August 19, 2011

Absa announced today that it has reached an agreement to acquire 100% of the share capital of Global Alliance Seguros S.A. (“Global Alliance”), a leading insurance business in Mozambique.

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