Zambia Reinsurance PlcZambia Reinsurance PlcZambia Reinsurance Plc
+260 971 695149
info@zambiare.co.zm
No. 7, Namambozi Rd, Fairview, Lusaka, Zambia

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We are Zambia RE

Zambia Reinsurance PLC (Zambia Re), formerly Prima Reinsurance Plc (Prima Re), 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.

Our Mission, Vision and Values

Our Mission Our Vision Our Values
To provide world class security and excellent, reliable reinsurance solutions to our partners.
To be internationally recognised as a leading reinsurer.

Zambia Re places emphasis on its core values which are:

  • Professionalism and Quality of Service
  • Client Satisfaction and Staff Motivation
  • Ethical Conduct, Integrity and Confidentiality
  • Innovation and Commitment

Board of Directors

Management Team

Our History

Start

January 2007

Commenced Operations

June 2012

Prima House commissioned by the Minister of Finance

January 2017

Clocked 10 years of operations

July 2020

Recapitalization of the Company

August 2006

Company incorporated as Prima Reinsurance Plc

May 2007

Officially launched by the Minister of Commerce

September 2013

Listed on the Lusaka Securities and Exchange

November 2018

Awarded the ZACCI Award for Best Performing Listed Stock for 2018

January 2021

Rebranded to Zambia Reinsurance PLC
Zambia-RE-Logo_web

Shareholding Structure

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.

Reinsurance Services

We offer effective, efficient and flexible reinsurance risk solutions to our clients, focusing on small to medium sized clients, as we push the reinsurance boundaries through digital transformation.

We leverage on our underwriting competence to add value in order to promote prosperity and preserve livelihoods not only through prompt loss indemnification but also through loss mitigation and avoidance measures.

We differentiate ourselves and work with our clients to reach solutions to transfer their risks.

Classes of Business

Zambia Re supports a broad range of insurance classes of business and offers tailor made solutions in both life and non-life insurance segments.

Fire

Engineering

Motor

Misc Accident

Marine & Aviation

Agriculture

Life

Political Violence and Terrorism

Fire-Insurance-Claim
Engineering1
car
accident
Marine aviation transport2
Agric4
health-insurance
Political violence

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.

Rating

Our national financial strength is rated A- by GCR ratings with a stable outlook.

Downloads

Title
Reports June 3, 2021
Reports June 3, 2021
Reports June 3, 2021
Reports June 3, 2021
Reports April 27, 2021

Contact us

Contact Us

    Office address

    No. 7, Namambozi Rd, Fairview, Lusaka, Zambia.

    Telephone number

    +260 971 695149 or +260 211 221158

    Mail address

    info@zambiare.co.zm