Tropical Reinsurance Company

Tropical Re
DATE OF CREATION: 2007, Zimbabwe
CLASS OF BUSINESS: Non life
MAIN UNDERWRITING ZONE: Africa

Tropical Reinsurance Company : contact

Adress: 31 Churchill Avenue - Alexandra Park P.O. Box CY 155 Causeway, Zimbabwe
Tel: +263 8677000718 / 744915/16
Email:reinsurance [at] tropicalre [dot] co [dot] zw
Website: www.tropicalre.co.zw

Tropical Reinsurance Company : main indicators

in thousands USD
 20192020
Turnover5 9809 549
Shareholder’s equity2 7523 844
Net result2 1723 561

Tropical Reinsurance Company : capital and shareholding

ShareholdersIn %
TN Investement50%
Taquilar Trading50%
Tropical-re-shareholding-2020

Tropical Reinsurance Company : technical ratios

 20192020
Net loss ratio42.67%62.29%
Net management expenses ratio33.52%32.42%
Net combined ratio76.19%94.71%

Tropical Reinsurance Company : management

Roseline NhamoChairman of the board
Ushe MungarazaManaging director
Mukai NyengeraiHead of finance
Kelvin ZimboworaHead of operations

Exchange rate at 31/12/2020: 1 USD = 81,7866 ZWL

Source: Tropical Re and Insurance & Pensions Commission (IPEC)

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