FBC Reinsurance

FBC-reinsurance-logo
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: +263-0242-772703/7
Fax: +263-0242-772701
Email: info [at] fbc [dot] co [dot] zw
Website: www.fbc.co.zw

FBC Reinsurance: rating

AgencyRatingOutlook
GCRA (National business)Stable
GCRCCC (International business)Stable

FBC Reinsurance: main indicators

in thousands USD
 20182019
Turnover17 4564 399
Shareholder’s equity15 6074 854
Net result2 0471 687

The significant decrease in 2019 indicators is due to the monetary reforms undertaken by Zimbabwe following the reintroduction of the single currency regime.

FBC Reinsurance: capital and shareholding

ShareholdersIn %
FBC Holdings100%
FBC-reinsurance-capital-and-shareholding

FBC Reinsurance: technical ratios

 20182019
Loss ratio50.57%51.36%
Management expenses ratio57.18%84.19%
Combined ratio107.75%135.55%

FBC Reinsurance: management

David W. BirchChairman of the board
Kleto ChiketsaniManaging director
Alice Chieza ShumbaDirector, operations
Joaquim T MatsvimboDirector, finance and administration
Covenant KondonUnderwiting manager

Exchange rate at 12/31/2019: 1 USD = 16,7734 ZWL

Sources: Insurance & Pensions Commission (IPEC) and FBC Re

FBC-reinsurance-logo
0
Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits