ZB Reinsurance Company

ZB-reinsurance-logo1
DATE OF CREATION: 1997, Zimbabwe
CLASS OF BUSINESS: Non life
MAIN UNDERWRITING ZONE: Africa

ZB Reinsurance Company: contact

Address: Finsure House, 5th Floor Sam Nujoma Street/Kwame Nkrumah Avenue P. O. Box 2594, Harare Zimbabwe
Tel: +263 4 759 735-7
Fax: +263 4 751 877
Email: info [at] zbre [dot] co [dot] zw
Website: www.zb.co.zw

ZB Reinsurance Company: rating

AgencyRatingOutlook
GCRBBB (National business)Stable
GCRCCC (International business)Stable

ZB Reinsurance Company : main indicators

in thousands USD
 20182019
Turnover19 1576 577
Shareholder’s equity12 4055 363
Net result2 3354 102

The significant decrease in 2019 indicators is due to the monetary reforms undertaken by Zimbabwe following the reintroduction of the single currency regime.

ZB Reinsurance Company : capital and shareholding

ShareholdersIn %
ZB Financial Holdings100%
ZB-reinsurance-capital-and-shareholding

ZB Reinsurance Company : technical ratios

 20182019
Loss ratio55.28%42.74%
Management expenses ratio38.60%54.93%
Combined ratio93.88%97.67%

ZB Reinsurance Company : management

Patricia MurambindaChairperson of the board
Brilliant ShumbaGeneral manager
John ZikiFinance and administration manager
Kudzanayi David Nyatsine Operations manager

Exchange rate at 12/31/2019: 1 USD = 16,7734 ZWL

Sources: Insurance & Pensions Commission (IPEC) & ZB Re

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