First Mutual

First Mutual Holdings Limited (FMHL) has made a decision to unbundle its entire stake in its actuarial consultancy business, African Actuarial Consultants (AAC). The transaction creates a leading, independent actuarial consultancy firm that is poised to grow in the Africa market. AAC has been sold to Frankmash Enterprises (Private) Limited, a company owned by Mr …

FIRST MUTUAL HOLDINGS LIMITED UNBUNDLES AFRICAN ACTUARIAL CONSULTANTS Read More »

FIRST Mutual Holdings Limited has revealed that gross premium income for the half year to June rose by 16 percent to US$52,2 million due to improved operating environment. Life assurance and medical insurance business contributed us$33,7 million from US$29,6 million whilst short term insurance and reinsurance business contributed US$18,5 million from US$29,6 million. The short …

Improving economy lifts First Mutual Read More »

First Mutual Holdings will tighten the screws on premiums collection and enhance service provision as part of concerted efforts to maintain growth. Chief executive Mr Douglas Hoto said after the group’s annual general meeting on Tuesday that maximising collections and debt control would be key to achieving growth. He said that technically, the business was …

FML to Tighten Screws On Premiums Collection Read More »