Emeritus Reinsurance was born out of Zimre Holdings Limited (ZHL) in 1983, formerly Baobab through an Act of Parliament, the  Zimbabwe Reinsurance Corporation Act [Chapter 24:17] and started transacting reinsurance business in 1984. Through Legal cessions and commercial trading, the company grew into a diversified group with investments in Reinsurance, Reassurance, Insurance, Property, Insurance broking, Reinsurance broking both locally and regionally.