Mistrust hurting insurance sector: ICZ

Andreas Milano

The Herald

Business Reporter

Some local insurers may be failing to provide full disclosure around their products resulting in a lot of misconceptions and mistrust around insurance, the Insurance Council of Zimbabwe (ICZ) has said. 

The short-term insurance body said it is concerned over the lack of awareness of the public over the motor insurance products on the market and their benefits.

“Most people lack appreciation of the need and use of insurance as a means of preserving their assets. Motor insurance contributes 40 percent of the short-term insurance’s gross premium. 

“Unfortunately, the public has inadequate information on types of

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Kerkstra Precast bought by Minneapolis construction company

Andreas Milano

GRANDVILLE — Kerkstra Precast Inc., a producer of precast and prestressed concrete products in Michigan, has new owners. 

Founded in 1962 and headquartered in Grandville, Kerkstra Precast announced Wednesday that it had been acquired by private equity-backed Fabcon Precast LLC, based in Minneapolis, Minn.

Kerkstra serves the industrial, commercial, residential and infrastructure markets throughout the Midwest. The company’s product offerings include architectural wall panels, hollowcore planks, beams, columns, double tees and stairs. 

In addition to a Grandville location, Kerkstra also maintains a location just outside of Detroit. 

Carrying out the sale during the COVID-19 pandemic “made some areas more difficult,”

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Laurel Road launches digital bank for doctors

Andreas Milano

Laurel Road, a brand of KeyBank, unveiled today Laurel Road for Doctors, a digital bank tailored to physicians and dentists with products and services designed to provide the financial help and peace of mind they need through each career stage.

The goal of the new digital bank is to help ease the burden for doctors of paying down student debt, finding more balance between work and life, and planning for the future—many of whom have worked tirelessly through the COVID-19 pandemic.

With Laurel Road for Doctors, Laurel Road and KeyBank expand on its existing suite of tailored digital

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HSBC Bank USA Announces Tara Latini as Head of Wealth and Personal Banking

Andreas Milano


HSBC Bank USA, N.A., (HSBC), today announced the appointment of veteran retail banker Tara Latini as the Head of Wealth and Personal Banking (WPB) in the US. She replaces Pablo Sanchez who has left the bank to pursue other opportunities. Latini reports to Michael Roberts, President and CEO, HSBC USA and Juan Parma, Regional Head of HSBC’s WPB Americas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210401005046/en/

Tara M. Latini Executive Vice President, Head of Wealth and Personal Banking, US, HSBC (Photo: Business Wire)

“We are thrilled to welcome Tara back to

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Fostering Business Innovation With Experimentation

Andreas Milano

By Maria Thimothy, Sr. Consultant at OneIMS, helps businesses grow by creating and capturing demand and managing and nurturing relationships.

Starting and running a successful business can be challenging, with lots of decisions to be made and risks to take. So, it is no surprise that when things are running according to plan, most businesses are reluctant to deviate from the beaten path once it has proven successful. After all, there is that adage: If it ain’t broke, don’t fix it.

However, sticking to only one approach can lead to rigid tunnel vision and consequently prevent the innovations required

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Insurance Amendment Bill 2021 to be implemented from April 1, 2021

Andreas Milano

The union government on Wednesday announced that the Insurance Amendment Bill 2021, which will permit increased foreign direct investment (FDI) in the insurance sector to 74% from the existing 49%, will be implemented from April 1, 2021. This measure was announced by the finance minister as part of the Finance Budget in February and the bill was passed by both houses of the Parliament in the last two weeks.

The government’s decision to increase the foreign direct investment limit in insurance from 49% to 74% is likely to accelerate growth and spur competition in the sector raising hopes of a

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