First Mutual Reinsurance
DATE OF CREATION: 2003, Zimbabwe | |
CLASS OF BUSINESS: Non life | |
MAIN UNDERWRITING ZONE: Africa |
First Mutual Reinsurance: contact
Address : First Mutual Park, 100 Borrowdale Road Borrowdale, P.O. Box CY 1912 Harare, Zimbabwe |
Tel: +263 (242) 886000 - 17 |
Email: info [at] firstmutual [dot] co [dot] zw |
Website:www.firstmutual.co.zw |
First Mutual Reinsurance: rating
Agency | Rating | Outlook |
GCR | BBB (zw) | Stable |
First Mutual Reinsurance: main indicators
in thousands USD2019 | 2020 | |
Turnover | 3 873 | 2 799 |
Shareholder’s equity | 1 737 | 2 501 |
Net result | 1 028 | 1 341 |
First Mutual Reinsurance: capital and shareholding
Shareholder | In % |
First Mutual Holdings | 100% |
First Mutual Reinsurance: technical ratios
2019 | 2020 | |
Net loss ratio | 29.31% | 51.72% |
Net management expenses ratio | 59.28% | 127.93% |
Net combined ratio | 88.59% | 179.65% |
First Mutual Reinsurance: management
Oliver Mtasa | Group chairman of the board |
Douglas Hoto | Group managing director |
Bongai Muhau | Managing director |
Isaac Zinhanga | Operations executive |
Douglas Sithole | Facultative manager |
Iris Ndumo | Treaties manager |
First Mutual Reinsurance: regional structure
Gaborone | Botswana |
Exchange rate at 12/31/2020: 1 USD = 81.7866 ZWL
Sources: Insurance & Pensions Commission (IPEC) and First Mutual Re
Read also | Reinsurance in Sub-Saharan Africa
0
Your rating: None
Mon, 31/01/2022 - 17:10
The online magazine
Live coverage
08/17
08/17
08/17
08/17
08/16
Latest news