About Us

First Mutual Holdings Limited is a leading financial services group that is committed to creating value through risk management, wealth creation and wealth management, predominantly in the insurance sector.

Our brand is the financial ally that plays an integral role in preparation for a better tomorrow for individuals and institutions, by availing them the economic dignity of being prepared for life time obligations through our subsidiaries.

Our professional and client-centric team is solution driven, and cares enough to go beyond and provide straight forward tools that create sustainable value for our customers. We have diverse interests in life assurance, health insurance, short term insurance, reinsurance, savings, wealth management, as well as property through our vast business portfolio.

Board Members

Group Executive Committee

First Mutual Life offers a wide range of innovative products through its two main businesses, namely Employee Benefits and Individual Life Benefits business. First Mutual Life’s primary business activities are the provision of life assurance, retirement benefit products and other long-term financial security products. The company continues to be a pacesetter in the market in producing uniquely innovative life assurance products.

Board Members

Management

First Mutual Health is a leading medical aid insurance scheme in Zimbabwe that provides exceptional medical aid cover at competitive rates. With thousands of members cutting across a wide spectrum of the market from non-profit making organisations, government institutions, mining, education, individuals and commerce, we offer the perfect blend of experience, agility and innovation to service our membership exceptionally.

Board Members

Management

NicozDiamond is a reputable and major player within the short-term insurance industry in Zimbabwe. The company consistently retains a substantial market share and has established itself as a premier insurer in a market comprising of 22 insurance companies.

Board Members

Management

First Mutual Reinsurance is involved in the provision of reinsurance security in all classes of general insurance and life & health insurance, with a stable credit rating of BBB+ by Global Credit Risk (GCR). In addition, First Mutual Reinsurance trades on a strong retrocession panel with A rated regional and international securities.

The company also provides a diverse range of technical training and risk management services as a total risk solution to its clients. First Mutual Reinsurance also has a strategic business unit call FMRE Property & Casualty in Botswana.

Board Members

Management

First Mutual Wealth is a registered Investments Manager under the Securities and Exchange Commission (SEC). It offers a wide variety of Wholesale Investment Products of Stand-alone Segregated Portfolios to Pension Funds, First Mutual Group Companies and High Net-worth Clients. It is also involved in the unit trust business which enables the company to offer investment products to the mass market through its affordable and flexible Individual Investment Accounts.

Board Members

Management

First Mutual Microfinance (“FMM”) is a registered micro-lender under the Reserve Bank of Zimbabwe. The Company offers a diverse range of products including personal loans, SME loans, agricultural loans, asset loans and order financing. The product offering is skewed to productive and financially excluded markets-utilizing loan structures such as value chain and group financing.  The FMM team provides innovative customer centric financial solutions with a view of promoting outreach and a sustainable economic environment.

First Mutual Properties Limited is a public listed property company incorporated in Zimbabwe and its principal activities are property investment, development and management. First Mutual Properties actively manages a diverse property portfolio that spans office parks, Central Business District (CBD) retail, CBD offices, suburban retail and industrial. The growth of the company is premised around property acquisitions and developments.

Oyster Real Estate Oyster Real Estate is the trading name for First Mutual Properties. Oyster, a fully licensed entity, provides professional property services that include property management, facilities management, property development, property investment and valuations.

Board Members

Management

First Mutual Funeral Services (“FMFS”) primary focus is the provision of funeral services that caters for the needs of the Zimbabwean market.  The company offers clients a choice to get full funeral services packages or shop from a range of ancillary service and products that meets their needs.  To ensure guaranteed quality and value for money for its clients, the company will commission a casket manufacturing factory and harness its skills and talent to provide world class caskets and related products for the local market and export.