Magazine date:
Feb 2023  | DATE OF CREATION: 1990, Swaziland |
| CLASSES OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONE: Africa and Middle East |
Zep Re (PTA Reinsurance Co) : Contact
| Adress: Zep-Re Place, 8th floor, Longonot Road, Upper hill. P.O. Box 42769 - 00100, Nairobi, Kenya |
| Tel: + 254 20 49 73 000 |
| Fax: + 254 20 27 38 444 |
| Email: mail [at] zep-re [dot] com |
| Website: www.zep-re.com |
Zep Re (PTA Reinsurance Co): rating
| Agency | Notation | Outlook |
| A.M. Best | B++ | Stable |
| GCR | AAA | Stable |
Zep Re (PTA Reinsurance Co): main indicators
In thousands USD| 2020 | 2021 | |
| Turnover | 208 160 | 213 013 |
| Shareholder’s equity | 275 752 | 294 841 |
| Net result | 17 260 | 18 144 |
Zep Re (PTA Reinsurance Co) : Turnover 2021 by class of business
In thousands USD| Premiums | In % | |
| Fire & technical risks | 91 870 | 43.13% |
| Third party liability | 45 625 | 21.42% |
| Marine (1) | 25 647 | 12.04% |
| Health | 18 819 | 8.83% |
| Motor | 10 950 | 5.14% |
| Total non life | 192 911 | 90.56% |
| Life | 20 102 | 9.44% |
| Grand total | 213 013 | 100% |
(1) Including aviation
Zep Re (PTA Reinsurance Co) : capital and shareholding
| Share capital | 58 477 000 USD |
| Shareholders | In % |
| Kenya Re | 20.40% |
| Trade and Development Bank | 18.78% |
| African Development Bank | 12.68% |
| Government of Rwanda | 6.45% |
| Others | 41.69% |
Zep Re (PTA Reinsurance Co): technical ratios (1)
| 2020 | 2021 | |
| Net loss ratio | 66.14% | 56.62% |
| Management expenses ratio | 43.77% | 47.19% |
| Net combined ratio | 109.91% | 103.81% |
(1) For the non-life activity only
Zep Re (PTA Reinsurance Co) : management
| Christabel Banda | Chairman of the board |
| Hope Murera | General manager |
| Jephita Gwatipedza | COO |
| Benjamin Kamanga | Director of strategy & investements |
| Deniese Imoukhuede | Chief risk officer |
Source: Zep-Re (PTA Reinsurance Co.)
