First Mutual Holdings Limited is a leading financial management group in Zimbabwe offering services in risk management, wealth creation and wealth management in the insurance sector. The company has been in operation for over a century in the field of short-term insurance, short-term reassurance, life assurance and long-term re-insurance. It has a property management and development division and offers an actuarial consultancy service. Its main subsidiaries include: First Mutual Life, First Mutual Properties, First Mutual Health, TristarInsurance Company, First Mutual Wealth Management, First Mutual Reinsurance and FMRE Property & Casualty (Botswana). The company head office is in Harare, Zimbabwe.
First Mutual Holdings Limited is listed on the Zimbabwe Stock Exchange.
Oliver is a non-executive director of Art Corporation, a Partner at Crowe Horwath Welsa Chartered Accountants and sits on several other boards. He is a Chartered Accountant, holds a Bachelor of Accountancy degree as well as a Masters in Business Administration.
Douglas is the Group CEO of FMHL. He holds a BSc degree in Mathematics, is a qualified Actuary, a Fellow of the Institute and Faculty of Actuaries of the United Kingdom 1999, and a Fellow of the Actuarial Society of South Africa. He started his actuarial career with Old Mutual in 1990. He joined FML in 1999, becoming the Managing Director in 2003 and Chief Executive of First Mutual Limited in 2004. He serves on a number of boards and is a past chairman of Actuarial Society of Zimbabwe.
CHAIRMAN’S STATEMENT During the year the Group embarked on a journey of integrating sustainability into the business as a long term value creation business model and comprehensive risk management strategy. …