US$ policy uptake spurs OM profit

OLD Mutual Insurance Company’s (OM) gross written premiums (GWP) went up by 729 percent to $1,3 billion during the year ended December 31, 2020 due to an uptick in customers taking up US$ policies. In a statement accompanying the insurer’s results, group board chairman Bongai Zamchiya said the unit’s profit before tax on cost basis…

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