
Old Mutual’s operating profit up 4%, led by Insure and Investments
Exceptional underwriting in Old Mutual Insure and a 37% jump in Investments drive overall strength, but Corporate’s life insurance sales slumped 42%.
Exceptional underwriting in Old Mutual Insure and a 37% jump in Investments drive overall strength, but Corporate’s life insurance sales slumped 42%.
Following 32 years with Old Mutual and nearly five as CEO, Iain Williamson is stepping down in August.
With regulatory approval secured, Old Mutual Bank is set to debut later this year, offering a digital-first banking experience tailored for South Africa’s mass market.
Kaizer Moyane’s expertise in advancing strategic transformation aligns perfectly with ASISA’s focus, the association’s board says.
Mahesh Cooper, Allan Gray’s chief operating officer, is appointed as deputy chairman.
South Africa’s second-largest insurer is set to launch a bank that will focus on capturing the mass market segment.
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