Magazine date:
Jan 2023  | DATE OF CREATION: 1997, Zimbabwe |
| CLASS OF BUSINESS: Non life | |
| MAIN UNDERWRITING ZONE: Africa |
ZB Reinsurance Company: contact
| Address: F21 Natal Road Avondale, Harare Zimbabwe |
| Tel: +263 8677002001 / +263 4 304044/45/46/49 |
| Email: info [at] zbre [dot] co [dot] zw |
| Website: www.zb.co.zw [4] |
ZB Reinsurance Company : main indicators
in thousands USD| 2020 | 2021 | |
| Turnover | 10 632 | 14 440 |
| Shareholder’s equity | 6 417 | 8 851 |
| Net result | 5 237 | 3 982 |
ZB Reinsurance Company : capital and shareholding
| Shareholder | In % |
| ZB Financial Holdings | 100% |
| Share capital | 23 000 USD |
ZB Reinsurance Company : technical ratios
| 2020 | 2021 | |
| Net loss ratio | 49.51% | 43.4% |
| Net management expenses ratio | 42.15% | 48.8% |
| Net combined ratio | 91.66% | 92.2% |
ZB Reinsurance Company : management
| Patricia Murambinda | Chairwoman of the board |
| Brilliant Shumba | Managing director |
| John Ziki | Head of finance |
| Kudzanayi David Nyatsine | Head of operations |
| Munyaradzi Mudamburi | Underwriting manager |
Exchange rate as at 31/12/2020 : 1 ZWL = 0.01223 USD ; 31/12/2021 : 1 ZWL = 0.00920 USD
Sources: Insurance & Pensions Commission (IPEC) and ZB Reinsurance Company
Read also | Reinsurance in Sub-Saharan Africa [5]
