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Thuli Manyoha is on a mission to turn Old Mutual’s short-term insurance unit around
The vibrant 34-year-old is part of an overhauled executive team that plans to turn Old Mutual’s short-term insurance unit around
Thuli Manyoha leaves you with the feeling that there’s something in the water at Old Mutual Insure. The 34-year-old FD of what used to be called Mutual & Federal is evidently enjoying herself. "Old Mutual Insure is in such a good space," a vibrant Manyoha tells the FM. "What we’re building is something we’ll be proud of for years." Profit at Old Mutual’s short-term insurance unit has come under pressure in recent years, so much so that the business’s turnaround is one of group CEO Peter Moyo’s eight "battlegrounds": key focus areas to bolster Old Mutual’s market share and returns. "Our target is to come off that list," Manyoha says with a laugh. And she is confident that Old Mutual Insure’s overhauled executive team has what it takes. The changes afoot at the insurer have created a buzz in the industry that is helping it attract young, energetic talent, Manyoha says. She is proof of this, joining Old Mutual Insure in January from MMI Holdings, where she was shareholder segment CFO a...
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