Outsurance’s parent the latest victim of a spike in insurance claims
RMI makes less profit from the premiums it receives at short-term insurers and Discovery
10 September 2019 - 09:21
Rand Merchant Investment Holdings (RMI), which owns Outsurance and has stakes in Discovery and MMI, has become the latest victim of a spike in insurance claims.
The increase in claims ate into its profit, causing a 7% fall in its headline earnings to R3.8bn...
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