FBC Reinsurance

	DATE OF CREATION: 1994, Zimbabwe
	CLASS OF BUSINESS: Non life
	MAIN UNDERWRITING ZONE: Sub-saharian Africa

FBC Reinsurance: contact

Address : 4^th 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

in thousands USD

Share capital ⁽¹⁾
401 000 USD

⁽¹⁾Including share premium

Shareholders	In %
FBC Holdings	100%

	2020	2021
Net loss ratio	57.76%	44.66%
Net management expenses ratio	97.88%	83.29%
Net combined ratio	155.64%	127.95%

Canada Malunga	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 as at 31/12/2020: 1 ZWL = 0.01223 USD ; 31/12/2021 : 1 ZWL = 0.00920 USD
Sources: Insurance & Pensions Commission (IPEC) and FBC Re

Read also | Reinsurance in Sub-Saharan Africa

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Wed, 01/02/2023 - 08:42