FBC Reinsurance

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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

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

FBC Reinsurance: main indicators

in thousands USD
 20192020
Turnover4 3997 414
Shareholder’s equity4 8545 874
Net result1 6874 537

FBC Reinsurance: capital and shareholding

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

FBC Reinsurance: technical ratios

 20192020
Net loss ratio51.36%57.76%
Net management expenses ratio84.19%97.88%
Net combined ratio135.55%155.64%

FBC Reinsurance: management

David W. BirchChairman of the board
Kleto ChiketsaniManaging director
Alice Chieza ShumbaExecutive director, operations
Joaquim T MatsvimboExecutive director, finance and administration
Reginald TshumaHead of risk management
Dorcas Rudo ChihotaHead - Life and health
Covenant KondonUnderwiting manager

Exchange rate at 12/31/2020: 1 USD = 81.7866 ZWL

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

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