Waica Re Zimbabwe
![]() | DATE OF CREATION: 2005, Zimbabwe |
CLASS OF BUSINESS: Non life | |
MAIN UNDERWRITING ZONE: Africa |
Waica Re Zimbabwe : contact
Adress: No. 27 Epping Road, Mt Pleasant, Harare, Zimbabwe |
Tel: +263 242 78 17 45 |
Email: info [at] waicare [dot] com |
Waica Re Zimbabwe : main indicators
in thousands USD2020 | 2021 | |
Turnover | 6 623 | 12 190 |
Shareholder’s equity | 2 873 | 6 220 |
Net result | 2 070 | 1 596 |
Waica Re Zimbabwe : capital and shareholding
Shareholder | In % | Share capital (2) |
Waica Reinsurance Corporation | 100% | 56 000 USD |
Waica Re Zimbabwe : technical ratios
2020 | 2021 | |
Net loss ratio | 55.44% | 3,32% |
Net management expenses ratio | 57.21% | 67,61% |
Net combined ratio | 112.65% | 70,93% |
Waica Re Zimbabwe : management
Kofi Duffuor | Group chairman of the board |
Wilberforce Machimbidzofa | Chief executive officer, Zimbabwe |
Charles Mwale | Underwriting manager |
Francis Chikezie Okoli | Finance manager |
Waica Re Zimbabwe: Ex Colonnade Reinsurance Company
Exchange rate as at 31/12/2020: 1 ZWL = 0.01223 USD ; 31/12/2021: 1 ZWL = 0.00920 USD
Source: Insurance & Pensions Commission (IPEC)

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Wed, 01/02/2023 - 08:45
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