Emeritus takes over Botswana subsidiary

Zimbabwean born, Emeritus International Reinsurance Company has merged with its subsidiary, Emeritus Reinsurance Company, a local unit.

According to authorities at Emeritus, the development signifies a new chapter for the company, 13 years after its establishment on the local market.

“This strategic move allows us to underwrite more business, explore new product offerings, and enhance our market presence. “Rest assured, this amalgamation will not disrupt our operations; instead, it will fortify our capabilities and offerings,” said Patience Marwiro, the Managing Director of Emeritus Reinsurance. She said the merger strategically positions the company for growth coupled with robust and innovative approach to meeting reinsurance needs. In addition, the company’s balance sheet has grown, providing resources to exceed prior expectations. “What this means to our valued clientele is that we are better equipped to meet your reinsurance needs. We are dedicated to adding value to our clients and stakeholders by utilizing our rich heritage in reinsurance and risk management. Marwiro further highlighted that the new setup will be effective beginning of next year, ensuring continuity in operations, elimination of disruptions, and enhancing the company’s offerings.

“The amalgamation will not lead to job losses but will create new jobs as the company primes itself to meet new challenges.”

With physical presence in Botswana, Malawi, Mozambique, Zambia, and Zimbabwe, Emeritus, this year celebrates its 40 years anniversary in business.