- Source: ZEP-RE
ZEP-RE (PTA Reinsurance Company) is a specialised institution of the Common Market for Eastern and Southern Africa (COMESA) created under charter. The Company is currently headquartered in Nairobi, Kenya.
Overview
ZEP-RE (PTA Reinsurance Company) is an institution of the Common Market for Eastern and Southern Africa (COMESA), established by an Agreement signed by Heads of States and Governments on 23 November 1990 in Mbabane, Swaziland. The signatory Member States to the Agreement establishing the Company include: Angola, Burundi, Comoros, Democratic Republic of Congo, Djibouti, Eritrea, Ethiopia, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Somali, Sudan, Tanzania, Uganda, Zambia and Zimbabwe. As a result of the multinational agreement the company was formed in 1992.
The key objectives of the company as outlined in its charter include fostering the development of the insurance and reinsurance industry in the COMESA sub-region, promotion of the growth of national, sub-regional and regional underwriting and retention capacities and supporting sub-regional economic development.
Credit rating
ZEP-RE is rated of B++ (Financial Strength Rating) and ‘bbb’ (Long-Term Issuer Credit Rating) by A.M. Best. The Company also holds a claim paying ability rating of AA+ with the Global Credit Rating (GCR) agency of South Africa.
Shareholders
As of December 2016, ZEP-RE has 36 shareholders composed of COMESA member states and institutional shareholders
Government of Djibouti
Government of Kenya
Government of Mauritius
Government of Rwanda
Government of Sudan
Government of Zambia
AfDB
DEG
GXA
SOCABU
Assurances BICOR
Kenya-Re
Blue Shield Insurance Company
Mayfair Insurance Company Ltd.
Apollo Insurance Company Ltd.
EMOSE
SONARWA
SORAS
United Insurance Company Ltd. (Sudan)
Sheikan Ins. & Reins. Ltd
Juba Insurance Company Ltd
National Insurance Corporation Ltd. (Tanzania)
Zanzibar Insurance Corporation
PPF
National Insurance Corporation Ltd. (Uganda)
Lion Assurance of Uganda Ltd.
Statewide Insurance Company Ltd
Zambia State Insurance Corporation Ltd.
Zambia State Insurance Corporation – Pension Trust
COMESA Secretariat
TDB
Baobab Reinsurance Company Ltd.
CMAR (NY Havana)
SONAS
National Insurance Corporate of Eritrea S.C.
Amerga
Locations
ZEP-RE is headquartered in Nairobi, Kenya with regional and operates hubs and country offices in Cameroon, Cote d’Ivoire, Ethiopia, Democratic Republic of Congo, Uganda, Zambia, Zimbabwe and Sudan. It enjoys mandatory concessions that grant it at least 10 percent of the reinsurance business in several countries.
See also
Trade and Development Bank
References
External links
"Home". Zep-re.com. Retrieved 1 June 2018.
"Insurance and reinsurance in Africa: the AfDB supports ZEP-RE's business expansion plans". Afbd.org. Retrieved 1 June 2018.
Kata Kunci Pencarian:
- Yi Syllables
- ZEP-RE
- Zep
- Zep (cartoonist)
- Led Zeppelin
- Common Market for Eastern and Southern Africa
- Led Zeppelin II
- Led Zeppelin (album)
- African Trade and Investment Development Insurance
- Uganda Reinsurance Company
- Insurance Regulatory Authority (Kenya)
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