FijiCare’s subsidiary in Vanuatu to be operational

FijiCare Insurance Limited’s subsidiary in Vanuatu, VanCare Insurance Limited, is likely to become fully operational by October 1.
Furthermore, chief operating officer will be Joni Naverebalavu (currently FijiCare’s marketing manager), with 20 years of experience in the insurance industry with FijiCare.
This follows after the Reserve Bank of Vanuatu granting VanCare Insurance Limited a general insurance licence with effect from August 1.
VanCare Insurance Limited will be capitalised at FJ$685,000.
A number of Vanuatu policyholders and intermediaries had been impatiently awaiting the arrival of a new alternative, in particular as regards to Health Insurance.
The board of directors of VanCare Insurance Limited will consist of Philipp Thomas (chairman), Peter McPherson (managing director) and Tukana Bovoro (resident director).
source: SOUTH PACIFIC STOCK EXCHANGE