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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

insurance companies

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Business / Economics

Trustco increases stake in Legal Shield

Trustco Group Holdings Limited has announced progress in its plan to acquire an additional 11.35% stake in Legal Shield Holdings from Riskowitz Value Fund LP. This acquisition will raise Trustco’s total ownership of LSH to 91.35%. The transaction, valued at approximately $468 million, includes two insurance companies, covering both short-term and life insurance, as well as real estate assets from the Otrusco Group. These assets include notable developments such as […]

todayOctober 15, 2024 33

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Namibia

Namibian Competition Commission Imposes Over N$13 Million Fines on Collusive Insurance Companies

The Namibian Competition Commission has fined insurance companies N$13.1 million for collusive practices. The first investigation revealed collusion in setting fixed prices for panel beating services, while the second uncovered restrictive agreements with windscreen retailers. This information comes from Dina //Gowases, Corporate Communications Practitioner at the NaCC.  

todayMay 7, 2024 61

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