Our History

76 years ago, the journey to being known as Zimnat General Insurance begin in 1946 when the company was first established. 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 Insurance Company Limited was born.

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 reaffirmed Zimnat Lion as one of the major short-term insurance companies in Zimbabwe. In 2017, Sanlam the largest non-banking financial services provider in Africa acquired a 40% stake in Zimnat Lion Insurance which led to the rise of the rebranded Zimnat General Insurance. Through this partnership, Zimnat has grown to become a dominant player in the short-term insurance space which is evident in its most recent AA+ GCR credit rating of 2021. The company operates from Harare, Gweru, Mutare, and Bulawayo. Over and above the three branches we also have insurance brokers and agents who are in almost all the major towns in Zimbabwe.