Savenda pays $280,000 insurance claim to local ranch

Savenda pays $280,000 insurance claim to local ranch

Savenda  General Insurance (SGI) has paid out almost US$280,000 in claims to Waka-Waka Ranch after the farm lost crops and property in a fire.

SGI chief executive officer Irene Muyenga said a total of US$279,000 was given to the Mkushi-based ranch, which lost the wheat crop and equipment last November.


Speaking during the hand-over of a cheque on Friday, Ms Muyenga said the development demonstrates the company’s commitment to paying out claims to cushion the impact of a calamity.
Ms Muyenga said SGI re-insured the policy for the ranch with a number of international companies.

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