Zimnat Asset Management Company (Private) Limited (ZAM), is a wholly owned subsidiary of Zimnat Life Assurance Company Limited. The Company was incorporated in 1998 as an investment arm of the Zimnat Group. It started off as a department responsible for investing excess funds for Zimnat Life Assurance Company and Zimnat Lion Insurance Company until a strategic decision was taken to register it as a separate legal entity to conduct the business of asset management, unit trusts, investment advisory and treasury. The Zimnat Insurance Group was founded in 1946 as the insurance Company of Rhodesia Limited (ICR). The company was primarily a provider of short-term insurance products. In 1959, the Assurance Company of Rhodesia was born as a new business unit of ICR providing life assurance products. TA Holdings Limited took over ICR in 1969. TA Holdings Limited is a diversified industrial group with interests in insurance, hotels and fertilizer manufacturing and FMCG manufacturing.