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Magorimbo is Cornerstone’s new MD

Cornerstone Insurance has appointed a new managing Director,, Mr. Livingstone Magorimbo. Magorimbo was until his current appointment, the Managing Director of Zimnat Life Assurance Company in Zimbabwe.

He was also a Director in several organizations, including Zimnat Lion Insurance Company, a short term insurance company with operations in Zimbabwe; Sovereign Health – a medical administrator in Zimbabwe and Grand Re, a reinsurance company with operations in Zimbabwe.

Between May 1996 and July 31, 1998, he was in the employ of Old Mutual Life Assurance Company, Zimbabwe as Actuarial Assistant with responsibilities covering: Product Development and Pricing, Actuarial Valuations, Embedded Value Calculations and Experience Investigations.

Other positions he held within the insurance industry in Southern Africa region include: Chairman of the Life Offices’ Association of Zimbabwe – 2009/2010; Vice Chairman of the Life Offices Association of Zimbabwe – 2008/2009 and First Vice President of the Insurance Institute of Zimbabwe – 2007/2008.

He holds a BSc in Mathematics Degree (First Class) from University of Zimbabwe. He is a qualified actuary and a Fellow of the Institute of Actuaries (UK) (April 2006).

Before his foray into Nigeria insurance industry, he was involved in business due diligence programmes in a number of African countries looking for business opportunities in countries such as Zambia, Angola and Mozambique.


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