Zambia Re*

Zambia Re
DATE OF CREATION: 11 August 2006, Zambia
CLASS OF BUSINESS: Life and non life
MAIN UNDERWRITING ZONE: Africa

Zambia Re : contact

Adress: Plot 187C, Namambozi Road, Fairview. P. O. Box 658, P/B E891 Lusaka, Zambia
Tel:+260 971 695149 / +260 211 221158
Email:info [at] zambiare [dot] co [dot] zm
Website:www.zambiare.co.zm

Zambia Re : rating

AgencyRatingOutlook
GCRA- (National business)Stable

Zambia Re : main indicators

in thousands USD
 20192020
Turnover3 1112 395
Shareholder’s equity3 3954 223
Net result259318

Zambia Re: turnover 2020 by class of business

in thousands USD
 PremiumsIn %
Engineering87836.64%
Fire56623.64%
Accident46619.44%
Marine743.09%
Motor-6-0.24%
Total non life1 97882.57%
Life41717.43%
Grand total2 395100%

Zambia Re : capital et shareholding

ShareholdersIn %
Industrial Development Company (IDC)28.17%
National Pension Scheme Authority (NAPSA)14.27%
Exhilda Mwinji Lumbwe6.53%
Madison Pension Trust Fund6.37%
Madison Pension Trust Fund6.11%
Others38.55%
Zambia Re shareholding

Zambia Re : technical ratios

 20192020
Net loss ratio20.97%23.96%
Net management expenses ratio54.61%%58.38%
Net combined ratio75.58%%82.34%

Zambia Re : management

Joyce Muwo-MwansaChairman of the board
Exhilda LumbweManaging director
Owen MunthaliChief operating officer
Chama ChipuluFinance manager
Brian MateyoUnderwriting manager

Source: Ex. Prima Re

Exchange rate as at 31/12/2019 : 1 ZMW = 0.07162 USD ; as at 31/12/2020 : 1 ZMW = 0.04725 USD

Source: Zambia Re

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