First Mutual Reinsurance (Life & Health)

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DATE OF CREATION: 2006, Zimbabwe
CLASS OF BUSINESS: Life and health
MAIN UNDERWRITING ZONE: Africa

First Mutual Reinsurance (Life & Health): contact

Address: 12th Floor Pearl House, Samora Machel Avenue, Harare P O Box CY2744, Causeway, Harare Zimbabwe
Tel: +263 04 774478/9
Fax: +263 04 754218
Email: info [at] fmre [dot] co [dot] zw
Website: www.firstmutualreinsurance.co.zw

First Mutual Reinsurance (Life & Health): main indicators

in thousands USD
 20182019
Turnover2 600193
Shareholder’s equity *2 223210
Net result *34244

* As at 30 September 2019

The significant decrease in 2019 indicators is due to the monetary reforms undertaken by Zimbabwe following the reintroduction of the single currency regime.

First Mutual Reinsurance (Life & Health): capital and shareholding

ShareholderIn %
First Mutual Holdings100%
First-mutual-re-life-and-health-capital-and-shareholding

First Mutual Reinsurance (Life & Health): management

Oliver MtasaChairman of the board
Ian TavonesaChief executive officer
Gugulethu Ngwenya dekunyeOperations manager
David Takudzwa Mudzengi Finance manager

Exchange rate at 12/31/2019: 1 USD = 16.7734 ZWL

Source: Insurance & Pensions Commission (IPEC) and First Mutual Reinsurance

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