ZimRe to raise US$40m in subsidiary listing

DIVERSIFIED financial services group, ZimRe Holdings Limited (ZHL), will raise about US$40 million through the listing of its subsidiary on the Botswana Stock Exchange as it seeks to strengthen its balance sheet.

In 2023, ZHL combined its two Botswana reinsurance businesses after changes to the law enabled the unit to underwrite domestic business.

The two units, Emeritus Reinsurance Botswana and Emeritus Reinsurance International, were combined to form EmeritusRe International.

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