FBC Reinsurance
 | DATE OF CREATION: 1994, Zimbabwe |
| CLASS OF BUSINESS: Non life | |
| MAIN UNDERWRITING ZONE: Sub-saharian Africa |
FBC Reinsurance: contact
| Address : 4th Floor, FBC Centre , 45 Nelson Mandela Avenue P.O. Box 1227, Harare, Zimbabwe |
| Tel: +263 242 797759, 783206-9 |
| Email: info [at] fbc [dot] co [dot] zw |
| Website: www.fbc.co.zw |
FBC Reinsurance: rating
| Agency | Rating | Outlook |
| GCR | A (National business) | Stable |
| GCR | CCC (International business) | Stable |
FBC Reinsurance: main indicators
in thousands USD| 2019 | 2020 | |
| Turnover | 4 399 | 7 414 |
| Shareholder’s equity | 4 854 | 5 874 |
| Net result | 1 687 | 4 537 |
FBC Reinsurance: capital and shareholding
| Shareholders | In % |
| FBC Holdings | 100% |
 | |
FBC Reinsurance: technical ratios
| 2019 | 2020 | |
| Net loss ratio | 51.36% | 57.76% |
| Net management expenses ratio | 84.19% | 97.88% |
| Net combined ratio | 135.55% | 155.64% |
FBC Reinsurance: management
| David W. Birch | Chairman of the board |
| Kleto Chiketsani | Managing director |
| Alice Chieza Shumba | Executive director, operations |
| Joaquim T Matsvimbo | Executive director, finance and administration |
| Reginald Tshuma | Head of risk management |
| Dorcas Rudo Chihota | Head - Life and health |
| Covenant Kondon | Underwiting manager |
Exchange rate at 12/31/2020: 1 USD = 81.7866 ZWL
Sources: Insurance & Pensions Commission (IPEC) and FBC Re
Read also | Reinsurance in Sub-Saharan Africa
