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Dec 2010 FMRE, Zimbabwe's non-life reinsurer , got settled in Botswana where it has operated since July 1, 2010. The political stability and the absence of exchange controls have been decisive in the choice of this country. Statistics from the regulatory authorities reported a booming industry. FMRE intends to take advantage of Botswana Act which requires players to use all the available local capacity before outsourcing a placement.