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Not many green shoots for Old Mutual

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It’s anything but the best of times for SA’s insurers, with high unemployment, low growth and weak, volatile equity markets and now dawn raids to deal with

, after the Competition Commission swooped on the offices of Old Mutual and seven other prominent life insurersOld Mutual shares fell over 8% on Tuesday on the release of its interim numbers to end-June, as headline earnings per share

slid 7% and assets under management fell by a similar margin. And now there’s the Competition Commission probe to deal with too. The FM spoke to CEO Iain Williamson.If you have already registered or subscribed, please sign in to continue.

 

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