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Home » Nicoz acquisition boosts FMHL
Companies & Markets

Nicoz acquisition boosts FMHL

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THE acquisition of NicozDiamond Insurance Company (Nicoz) by First Mutual Holdings (FMHL) has paid off after the latter’s profit after tax more than doubled with the former contributing the bulk of the earnings. FMHL acquired 100 percent of Nicoz, in a deal that will see the insurance company merging with FMHL affiliate, Tristar Insurance Company.…

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