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zurich insurance co south af (ZSA) Snapshot

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04/10/14 - $28,000
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zurich insurance co south af (ZSA) Details

Zurich Insurance Company South Africa Limited, together with its subsidiaries, provides short-term insurance products and services to individual, commercial, and corporate customers in South Africa and Botswana. The company operates in three segments: Corporate, Commercial, and Personal. It offers property, transport, motor, engineering, guarantee, liability, and accident and health insurance products. The company’s products include body corporate insurance; collectibles insurance for retailers, wholesalers, jewelry manufacturers, diamond and art dealers, and collectors of rare and valuable objects; commercial insurance coverage for medium to large enterprises; and global corporate insurance coverage for global corporate enterprises. It also offers engineering insurance solutions that cover various types of risks in machinery, computer and electronic risks, and construction risk and contract work; farmers insurance solutions for commercial, emerging commercial, and subsistence farmers; and Flexilite insurance coverage for sole proprietors in trade, retail, or professional fields. In addition, the company provides home and motor insurance products; hospitality insurance for bed and breakfast establishments, guesthouses, lodges, and boutique hotels; marine insurance for companies involved in domestic and international trade, and importing and exporting goods; insurance for small and medium enterprises operating in manufacturing, retail, food and beverage, and professional services sectors; wineries Insurance; and travel insurance. Zurich Insurance Company South Africa Limited markets its products through a network of brokers and agents. The company was founded in 1965 and is headquartered in Johannesburg, South Africa. Zurich Insurance Company South Africa Limited is a subsidiary of SA Fire House Limited.

Founded in 1965

zurich insurance co south af (ZSA) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: R4.5M
Consultant, Member of Service Level Agreement...
Total Annual Compensation: R2.4M
Compensation as of Fiscal Year 2013.

zurich insurance co south af (ZSA) Key Developments

Zurich Insurance Company South Africa Limited Appoints Collin Molepe to the Board of Directors as Executive Director, Effective 8 October 2014

Zurich Insurance Company South Africa Limited announced the appointment of Collin Molepe to the board of directors as an executive director, effective 8 October 2014. Mr. Molepe, who has a wealth of experience in financial services and strategy implementation, joined Zurich South Africa in May 2013 as Chief Operations Officer.

Zurich Insurance Company South Africa Limited Appointment of Yulandi Van Dyk as Chief Financial Officer, Public Officer and an Executive Director Effect from September 1, 2014

Zurich Insurance Company South Africa Limited announced the appointment of Yulandi van Dyk as Chief Financial Officer, Public Officer and an executive director on the Company's board, with effect from September 1, 2014. Ms van Dyk, joins Zurich South Africa from Aon Sub-Saharan Africa where she successfully fulfilled a dual role of Financial Director, Aon South Africa and Regional Financial Controller, Aon Sub-Saharan Africa from January 2010.

Zurich Insurance Company South Africa Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Zurich Insurance Company South Africa Limited reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported net written insurance premium of ZAR 1,607,048,000 against ZAR 1,561,200,000 a year ago. Investment income was ZAR 117,168,000 against ZAR 110,041,000 a year ago. Net income was ZAR 1,823,930,000 against ZAR 1,758,705,000 a year ago. Loss from operating activities was ZAR 59,566,000 against ZAR 38,437,000 a year ago. Loss before tax was ZAR 67,593,000 against ZAR 44,657,000 a year ago. Loss for the period was ZAR 40,029,000 or 329 cents per basic and diluted share against ZAR 19,729,000 or 162 cents per basic and diluted share a year ago. Cash flows used in operating activities was ZAR 154,422,000 against cash generated from operating activities of ZAR 76,981,000 a year ago. Net asset value per share was 14,891 cents against 15,973 cents a year ago. Headline losses were ZAR 75,553,000 or 620 cents against ZAR 39,452,000 or 324 cents a year ago.


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