Page 12 - Group Managers News Today

The Johannesburg High Court has placed Constantia Insurance Company into provisional curatorship after it failed to find an investor to inject it with much-needed capital.

Twenty new jobs in Derry are being created by pharmaceutical giant Almac. The group, which set up its facility in the Northland Road Business Park last summer s...

As more life insurers report their 2020 financial results, it is becoming clear that 2020 was a humbling year for the sector. Photo: Getty Images The Insure Group, which collected premiums on behalf of insurers and brokers, was placed into curatorship in 2018. Insurers are yet to recover the R1.7 billion they lost after the group invested the premiums it was collecting into risky assets. SAs market conduct regulator for financial institutions, the FSCA, is waiting for a...

Insure Group Managers CEO Charl Cilliers failed to disclose he was debarred from the financial industry when asked by accountancy body Saica to explain suspicious VBS Mutual Bank money flows. This omission itself may raise questions around issues of honesty and integrity.

Investigation blows open alleged premiums misappropriation insurance scandal 13 May 2021 6:58 PM Share This: Investigative journo Pauli Van Wyk says four SA insurance giants have lost R944m in total by using Insure Group as intermediary. An alleged insurance scandal has led to huge losses for at least four South African insurance giants. A Daily Maverick investigation has found that Santam, Hollard, Old Mutual and Guardrisk lost R944-million between them due to the actions of intermediary Insur...

Insure Groups actions irresponsible and dishonest, we are taking action - FSCA 13 May 2021 5:11 PM Share This: Directors of Insure Group Managers are being debarred as financial service providers for lack of honesty and integrity. _Daily Maverick _has reported on South Africa’s insurance market which has been involved in a scandal perpetrated by Insure Group Managers. The directors of the group had allegedly been involved in intermediaries between insurance companies and customers taking...

When the fraud at VBS Mutual Bank was uncovered in 2018, the bank’s implosion pulled away the blanket covering another black hole, of R1.7bn – this time in the insurance sector.

Miniter Group Scheduled for RESPA Compliance Insurance Tracking Webinar in late February News provided by Share this article Share this article NORWELL, Mass., Jan. 15, 2021 /PRNewswire/ -- Miniter Group plans for informative webinar, "RESPA Compliance Insurance Tracking Since Dodd-Frank" on February 24 th. Webinar: RESPA Compliance Insurance Tracking Since Dodd-Frank Miniter Groups upcoming webinar will examine the significant compliance issues since the CFPB began updating RESPA. It will pr...