Tan Re, results on the rise

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The Tanzanian reinsurer has reported 42.7 billion TZS (29.2 million USD) of premiums in 2010, compared to 36.7 billion TZS (27.8 million USD) in 2009, that is, a 16% increase. Pre-tax profits rose by 40%, from 4.5 billion TZS (3.4 million USD) in 2009 to 6.3 billion TZS (4.3 million USD) in 2010.

Controlled in majority by the Tanzanian State (45%), Tan Re has been granted BB- by Global Credit rating.

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Thu, 18/04/2013 - 10:32
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