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1983
ZHL Founded
ZHL was founded as Zimbabwe Reinsurance Corporation through an Act of Parliament, an embodiment of the founding principles to make insurance a necessity for all Zimbabweans
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1985
ZIB Founded
Established Zimbabwe Insurance Brokers (ZIB) as part of the Company’s vertical integration
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1988
Acquisition of National Employment Mutual
Acquired National Employment Mutual now National Insurance Company of Zimbabwe (Nicoz), introducing non-life business to the Company
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1988
Acquisition of Legal General
Acquired Legal General, now Fidelity Life Assurance Zimbabwe (FLA)
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1996
Regional Expansion
In line with the founding principles, ZHL spread to the region, acquiring Pearl Insurance, now United General Insurance in Malawi and Diamond Insurance Zimbabwe which was later merged with Nicoz to form NicozDiamond. In the same year ZHL also established Zimre Malawi and South Africa
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1999
Diversification
The growth of the insurance industry bought about opportunities in the investment chain, in order to participate therein, ZHL established Zimre Unit Trust (ZUT)
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1999
Further Regional Expansion
Established Zimre Zambia
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1999
Listing on local bourse
ZHL listed on the Zimbabwe Stock Exchange
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2001
Acquisition of FICO
Acquired controlling interest in First Insurance Company of Uganda (FICO)
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2001
Horizontal integration of non-core businesses
Merged ZUT with Fidelity Life Unity Trust to form Fidelity Life Asset Management Company (FLAM)
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2003
Introduction to the Property Sector
To support the reinsurance operations and enhance liquidity ZHL founded Zimre Property Investments (ZPI)
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2003
Listing of subsidiaries on local bourse
Fidelity Life Assurance Zimbabwe listed on the Zimbabwe Stock Exchange
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2007
Listing of subsidiaries on local bourse
Zimre Property Investments listed on the Zimbabwe Stock Exchange
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2009
Formation of Emeritus International
Emeritus International Reinsurance Company formed and registered in the Botswana International Financial Services off shore zone
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2009
Acquisition of CFI
Acquired interest in the agro-industrial processing conglomerate CFI Holdings Limited
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2015
Zimbabwe Investments Award
Undertook a US$15 million Rights Issue which won the second runner up award for deal of the year at the Zimbabwe Investment Awards
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2017
Restructuring exercise
In line with the new strategy the Company reduced its interest in ZIB, FICO and disposed of Nicoz Diamond
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2017
Acquisition of Credsure
Acquired controlling interest in Credit Insurance Zimbabwe Limited
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2018
Rebranding
Rebranding of all the reinsurance operations under the Emeritus Reinsurance brand
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2018
Present
In accordance with the new strategy, ZHL intends to create sustainable shareholder profits by growing its core businesses both locally and regionally