Magazine date:
Jan 2023  | 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 USD| 2020 | 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)
Read also | African reinsurers: ranking according to turnover [4]
