|
 Background
on
Zimnat Lion
Established in 1946, the company has been in operation for almost
60 years now. In 1959 the Assurance Company of Rhodesia was
formed after ICR purchased a Life Insurance company.
TA Holdings, which was founded in 1935 as
Tobacco Auctions Limited, took over ICR in 1969.
In 1974 the non-life company was renamed the Rhodesia National
Farmers Union Insurance Society. Given this development, the
major line of business became farming. As a result, the company
was then known in informal sectors as
Rhodesia
National Insurance (RhoNat).
After the independence of
Zimbabwe
in 1980, the name of the company changed to Zimnat Insurance
Company, still under a composite license. In 1984, TA Holdings decided to split the composite license
and from there Zimnat Lion was born.
|
|
 Business
Structure
In 1999 Zimnat Insurance Company merged with Lion of Zimbabwe
to form Zimnat Lion Insurance Company Limited.
In 2001 the company was listed on the
Zimbabwe stock exchange . In early
2005 negotiations between AIG and TA Holdings led to the merger
between AIG Zimbabwe and Zimnat Lion Insurance Company.
The merger brought with it;
·
A stronger balance sheet
· A bigger and wider underwriting capacity
· A wider
range of products
Our GCR rating in 2009 was A- (Claims paying
ability). Zimnat Lion is a
100%
wholly owned subsidiary of TA Holdings Limited. We de-listed
from the Zimbabwe Stock Exchange on 30 June 2009.
The
company operates from Harare, Gweru, Mutare and Bulawayo. Over
and above the three branches we also have Insurance brokers and
agents who are located in almost all the major towns in
Zimbabwe.
Directors (click here)
Senior Management (click here) |
