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.
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.[2]
Credit ratingedit
ZEP-RE is rated of B++ (Financial Strength Rating) and ‘bbb’ (Long-Term Issuer Credit Rating) by A.M. Best.[3][4][5] The Company also holds a claim paying ability rating of AA+ with the Global Credit Rating (GCR) agency of South Africa.[6]
Shareholdersedit
As of December 2016, ZEP-RE has 36 shareholders composed of COMESA member states and institutional shareholders
^"Archived copy". www.parlzim.gov.zw. Archived from the original on 7 February 2017. Retrieved 14 January 2022.{{cite web}}: CS1 maint: archived copy as title (link)
^"ZEP-RE (PTA Reinsurance Company) - Africa Outlook Magazine". Africa Outlook Magazine. Retrieved 1 June 2018.
^"A.M. Best Affirms Credit Ratings of ZEP-RE (PTA Reinsurance Company)". 12 January 2018. Retrieved 1 June 2018.