SFG Insurance Company (Private) Limited

SFG Insurance Company (Private) Limited was incorporated in Zimbabwe in March 1997. The Company started operations in 1998 as a Short Term Insurance firm, trading as Standard Fire and General (Pvt) Ltd. Founded by the late Charles Munyaradzi Bwerinofa, SFG has transformed from its humble beginnings into a national entity, boasting of five branches nationwide, headquartered in Harare. Other branches are in Mutare, Bulawayo, Gweru and Masvingo.

In 2002, SFG Holdings (Private) Limited was incorporated and SFG Insurance Company (Private) Ltd became a wholly owned subsidiary of SFG Holdings Private Limited. In 2010, SFG Holdings Private Limited was recapitalized to meet the new regulatory requirements as well as to gear for maximum productivity. Baobab Reinsurance Company Private Limited now owns 59% of SFG Holdings Private Limited and NICO Holdings Limited 49%. SFG Holdings Private Limited also owns a 40% stake in a short-term broking firm, Navistar Insurance Brokers (Pvt) Ltd and 15% of Special Automobile Underwriters of Zimbabwe Pvt Limited (SAUZ), an underwriting management agent of SFG Insurance Company. SFG Insurance prides itself as the pioneer and leading tobacco insurer, having commanded 11% market share in 2001. We still maintain a formidable presence in this key sector and have farmer agencies throughout all tobacco growing areas.

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