About FMLH
First Mutual Holdings Limited is a financial services group that is in the insurance sector. The Group has more than a hundred years of serving Zimbabwe through its strategic business units.
It has diverse interests in life assurance, health insurance, short term insurance; short term re-insurance; long term re-insurance; wealth management, property sector, funeral services and microfinance housed under the following subsidiaries; First Mutual Life, First Mutual Health, NicozDiamond Insurance, First Mutual Reinsurance, FMRE Property & Casualty (Botswana) First Mutual Wealth Management, First Mutual Properties, First Mutual Funeral Services and First Mutual Microfinance.
Douglas Hoto is the current group chief executive officer of FMHL.
He holds a Bachelor of Science Honours Degree in Mathematics (University of Zimbabwe), and is a qualified Actuary with more than 22 years’ experience.
He is a also a Fellow of the Institute and Faculty of Actuaries of the United Kingdom 1999 ( FIFA), and is also a Fellow of the Actuarial Society of South Africa ( FASSA).
Douglas started his actuarial career with Old Mutual in 1990 and worked in both the Harare and Cape Town offices until 1999, when he joined First Mutual Life.
He rose through the ranks to become managing director of First Mutual Life in 2003 and Chief Executive of First Mutual Limited in 2004.
Douglas was instrumental in setting up First Mutual Reinsurance Company ( FMRE Property & Casualty), TristarInsurance Company and African Actuarial Consultants from a Division of First Mutual Life Assurance Society.
His career has seen him at the helm of Altfin Holdings and First Mutual Limited.