HARARE – Listed short-term insurer NicozDiamond Insurance Limited (Nicoz) has acquired Zimre Holdings Limited (Zimre)’s 49 percent stake in Malawi-based United General Insurance (UGI) for $1,3 million. Prior to the transaction — taking effect in January 2015 — Nicoz managed the business on behalf of Zimre, which will retain a 25 percent stake in UGI….
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