Inflationary costs weigh on FMHL H1 operating profit

Staff Writer

HARARE, First Mutual Holdings operating profit for the interim period to June 30, 2019 declined 16% to $4,5 million compared to $5,4 million same period last year largely driven by increased costs.

The company’s financials show that total expenses increase 126% to $39,3 million from $17,2 million same period comparable, due to a 112%

Emeritus International gets –A credit rating

HARARE, The Global Credit Rating agency has upgraded Emeritus Reinsurance credit rating to –A from BBB, reflecting the group’s claims paying ability and strong balance sheet.

Emeritus Reinsurance is a professional pan-African reinsurer specialising in providing reinsurance and risk management solutions to the direct insurance markets.

The group has