About Us ::: History ::: Directors ::: Management ::: Investor Relations

GROUP MILESTONES
  • ZimRe was established in 1983 as a public corporation through an Act of Parliament and started transacting reinsurance business in 1984.
  • In 1985 ZimRe set up Zimbabwe Insurance Brokers as a greenfield investment.
  • In 1988, ZimRe acquired Legal and General (now Fidelity Life) and NEM Insurance (Nicoz).
  • ZimRe was privatized by the Zimbabwe Government and subsequently listed on the Zimbabwe Stock Exchange on 22 November 1999, thus broadening the shareholder base.
  • By 1999, when the Company was privatized, it was operating in the Reinsurance, General Insurance, Life and Pensions, Insurance Broking sectors and had other investments within Zimbabwe, Malawi, Zambia and South Africa.
  • In 2002, shareholders approved the unbundling of the Group into strategic business units, which were highly focused, and sector specific in order to increase shareholder value.
  • The unbundling process started with the listing of NicozDiamond in October 2002,
  • The demerger of the reinsurance operations from Head Office was implemented in January 2003.
  • Fidelity Life Assurance was listed in June 2003.