Motor Vehicle Insurance Limited (MVIL)

MVIL Condemns Violence

In the A Grade match, Hohola Flies were leading Brothers 18-14 when the incident happened three minutes before full time.

MVIL has denounced the violence against match officials and called on PNGRFL to take appropriate actions in imposing strict penalties on those involved.

MVIL Managing Director, Michael Makap, said the match officials are human beings who deserve to be treated with decency and respect. They play a crucial role in ensuring that the game is played in a spirit of good competition and fairness.

Police, Stakeholders To Restore Order

NCD/Central Commander, Anthony Wagambie Jnr said Police must operate in partnership with stakeholders and local communities.  

“I have given instruction to NCD Metropolitan Superintendent, Gideon Ikumu and 4-mile Traffic Unit to organize a meeting between Road Traffic Authority (RTA), Motor Vehicle Insurance Limited (MVIL), NCDC and Police to unite as a group to address the problems that we are facing with public moto vehicles in the city.

ACP Wagambie said unworthy vehicles on the streets are causing traffic congestion and are not adhering to traffic rules.

ICCC approves MVIL purchase of shares in Pac Re

The ICCC approval was given on August 03rd 2020.

MVIL submitted a Clearance Application to the ICCC on  July 16th seeking approval to proceed with the acquisition of shares in Pac Re.

After considering all stakeholders’ comments during applications assessment, the ICCC was satisfied that the proposed share acquisition will not be likely to have the effect of substantially lessening competition in the market for reinsurance services in PNG.

The ICCC’s approval for the acquisition to proceed are based on the following: