FMRE Property & Casualty

The Fund owns a 29.1% equity stake in FMRE Holdco, a reinsurance holding company domiciled in Botswana.

FMRE Holdco was established to hold reinsurance assets previously wholly owned by First Mutual Holdings Limited (“FMHL”), a leading financial services group listed on the Zimbabwe Stock Exchange (“ZSE”).

FMRE Holdco‘s subsidiaries, FMRE Property & Casualty (Proprietary) Limited (“FMRE Botswana”) and First Mutual Reinsurance Company Limited (“FMRE Zimbabwe”), offer insurance-based risk transfer and management tools to direct insurers in the Botswana, Zimbabwe, Southern, and East African markets.