Who we are
Zambia Reinsurance PLC (Zambia Re), formerly Prima Reinsurance Plc, was incorporated on 11th August 2006 as a public limited company. The Company started operations on 1st January 2007. Zambia Re takes pride in being the first Zambian-owned reinsurance company in the market and was listed on the Lusaka Stock Exchange on 30th September 2013. Zambia Re is licensed by the Pensions and Insurance Authority, (PIA), to transact reinsurance business in respect of all life and non-life insurance business.
We offer a wide range of reinsurance solutions and create value for our clients and partners.
Why Choose Us
Our Mission
To provide world-class security and excellent, reliable reinsurance solutions to our partners.
Our Vision
To be internationally recognised as a leading reinsurer across Africa and the global market.
Our Values
Professionalism, Client Satisfaction, Ethical Conduct, Innovation and Commitment, and Care.
Board of Directors
Board Chairperson
Non-Executive Director
Non-Executive DIrector
Non-Executive Director
Non-Executive Director
Non-Executive Director
Non-Executive Director
Non-Executive Director
Management Team
Managing Director
Chief Financial Officer
Chief Operating Officer
Company History
Shareholding
Zambia Re has a diversified shareholding structure distributed between public and private institutional investors as well as individuals.
In 2013, the Company listed on the Lusaka Securities and Exchange. Zambia Re’s exceptional performance on the Lusaka Securities and Exchange led to the Zambia Chamber of Commerce and Industry – ZACCI Award for Best Performing Listed Stock in 2018.
Following a special resolution of the Shareholders at the Annual General Meeting held on 30 April 2020, the Company was re-capitalized so as to re-position itself and assume a national identity.
Our Services
Zambia Re offers comprehensive reinsurance solutions tailored to meet the diverse needs of our clients across Life, Non-Life, and Retrocession segments. Our expert team delivers exceptional coverage and support for all your reinsurance requirements.
Life
Comprehensive life reinsurance solutions protecting individual and group life risks. We provide innovative products covering mortality, critical illness, disability, and long-term care benefits with competitive terms and reliable claims support.
Non-Life
Extensive non-life reinsurance coverage including property, casualty, marine, and specialty lines. Our solutions protect against risks in fire, theft, liability, engineering, and catastrophic events with flexible terms and superior expertise.
Retrocession Services
Strategic retrocession and reinsurance protection for reinsurers. We provide capacity, risk transfer, and catastrophic coverage solutions that enhance portfolio stability and enable efficient capital management.
Geographical Spread
We continue to deepen our footprint across the african continent through partnerships as we explore new markets.
Corporate Social Responsibility
At Zambia Re, we take pride in ensuring that all our business undertakings are conducted in an ethical manner. We not only consider human rights but also the social, economic and environmental impact of what we do as a business. This extends not only to our partners, both local and international, but to our employees too.
Environmental Action
We are committed to creating an environment where our community can have future financial resilience on a sustainable basis. We play our part in mitigating the effects of climate change through the incorporation of environmental protection measures in all our processes, such as monitoring of waste reduction, re-using and recycling.
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