Launch of the ZEP-RE Office Park

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On November 30th of 2017, ZEP-RE held a function to officially unveil the proposed office park investment in Lusaka, Zambia. The unveiling ceremony took place on the sidelines of the Company’s annual 2017 Board of Director’s meeting and alongside a cocktail in honour of the Zambian market at the Taj Pamodzi Hotel in Lusaka.

The ZEP-RE Office Park is a USD 18 million commercial office building located along the Alick Nhkata road in Lusaka, Zambia. The new office park is the Company’s second building investment, after the ZEP-RE Place, ZEP-RE’s current headquarters building in Nairobi, Kenya.

Having expressed gratitude to the Government of Zambia as an essential partner in ZEP-RE’s growth strategy as well as overall developmental activities; Ms. Hope Murera, Managing Director of the Company, indicated that the construction of the building demonstrates ZEP-RE’s trust and commitment towards the Government and insurance market of Zambia, both of which have been consistently supportive of ZEP-RE since its inception in 1992. The guest of honour at the ceremony, the Honourable Minister of Finance Mr. Felix Mutati, congratulated ZEP-RE on this important milestone and reiterated the government of Zambia’s commitment to support the activities of ZEP-RE.

The ZEP-RE Office Park, a 9 storey building, is expected to be completed and be ready for occupation in mid 2019.

 

childrener

As we prepare to welcome a brand new year, ZEP-RE (PTA Reinsurance Company) donated to the Ethiopian Children’s Fund (ECF), a primary school for disadvantaged children located in Aleltu, Ethiopia. The school has been operating since 1997 and today helps over 700 children integrating basic education, nutrition, agriculture and health services. ECF also has a TVET center and it further extends support to other students in the country.

With an equal distribution of female and male students, ECF receives over 800 applications per annum, from which it welcomes nearly 80 of the most vulnerable children. At this last year’s National 8th grade examination, ECF had a near 100% success, with only one student with special needs who failed the examination.

ECF’s Country Representative, Mrs. Mahlet Derege indicated that this donation of USD10,000 was timely as the school strives to improve its standards and works with donors and other stakeholders to sustain the needs of the institution.

We are grateful for the ECF team for their continued effort to support underprivileged children to become all they can be, and we hope to hear many success stories.

 

As part of the 25th Anniversary Celebration, ZEP-RE gave a donation of Ugshs.36,000,000 ($10,000) to Mulago Childrens' Cancer Ward.  The emotional cancer survivors' bell ringing event was part of the donation ceremony.  We are grateful to the oncologist team at Mulago and salute their effort to fight against cancer in children. 

 

We are happy to inform you that ZEP-RE now Marks 25 Years of Quality Service to the industry. Our Silver Jubilee Celebrations begun in Kampala, Uganda at the Lake side of Speke Hotel, Munyonyo with a Gala Dinner on the evening of 23rd May, 2017. This was during the week of the AIO conference and we had a turn out of over 600 guests from all over the continent.  The celebrations kicked off with a display of Fireworks amidst warm welcome by traditional dancers.  It was a real Toast to the African Insurance Fraternity.

We salute all our honorable clients, partners and distinguished guests who graced the ocassion.  

ZEP-RE is great because of your contribution and continued support. 

 

Check link for more photos on this ...https://www.facebook.com/pg/RISKAFRICA/photos/?tab=album&album_id=10154384456525755

 

 

A.M. Best upgrades ZEP-RE’s financial credit rating to B++

A.M. Best has upgraded the Financial Strength Rating of ZEP-RE (PTA Reinsurance Company) to B++ from B+ and its long-term Issuer Credit Rating to “bbb” from “bbb-” with stable outlooks. AM Best is the world’s oldest and leading authoritative insurance rating agency.

ZEP-RE (PTA Reinsurance Company), a COMESA institution and leading regional reinsurer, is headquartered in Nairobi (Kenya) and has offices in Lusaka(Zambia), Harare (Zimbabwe), Khartoum (Sudan), Douala (Cameroon) and Abidjan (Ivory Coast). The company provides reinsurance security within and outside Africa for all kinds of business classes including property, casualty, marine, motor, medical and life.

In its announcement, the rating agency observed that the rating upgrade was a reflection of ZEP-RE’s excellent risk-adjusted capitalization, resilient underwriting profitability and an improved regional competitive position. In addition developments in the company’s enterprise risk management capability and financial flexibility provided by supportive shareholders also contributed to the rating upgrade.

The rating agency however noted a number challenges remained in ZEP-RE’s operating environment including prevailing reinsurance market conditions, increased competition and the Company’s exposure to Kenya’s volatile business environment.  A.M. Best’s view on the said risks, however, was that ZEP-RE’s risk management framework should serve as an effective tool to help mitigate these risks.

Going forward, the rating agency expects ZEP-RE to continue growing its franchise while maintaining its strong risk-adjusted capitalization.

Click here to view the Certificate and click here to view the rating Report.

Our Partners

Office Contacts



Head Office

NAIROBI, KENYA
8th Floor, ZEP-RE Place,
Longonot Road, Upper Hill,
P.O Box 42769-00100,
Nairobi, Kenya
Telephone: +254-020 4973000/2738221



Regional Hub

ABIDJAN, CÔTE D’IVOIRE
Cocody Canebiere, Cocody,
08 BP 3791 Abidjan 08,
Côte d’Ivoire,
Téléphone : +225 22 40 27 85 / +225 55 61 71 01



Country Office

DOUALA, CAMEROON
IMM.SCI NESCO,
Face Ancienne Boulangerie Chococho, 
Bonapriso - Douala
B. P. 1172, Cameroon
Telephone: +237 233 42 07 67 / 04 52/11 23


Country Office
LUSAKA, ZAMBIA
No. 54, Plot No. 356184,
Base Park (Diamond Park), Alick Nkhata Rd
P. O. Box 36966
Lusaka, Zambia
Telephone: +260 211 252586


Regional Hub
HARARE, ZIMBABWE
16th Floor -North Wing, Joina City 
Cnr Jason Moyo and Inez Terrace
Harare, Zimbabwe
Telephone: +263 4 777 929/932


Retakaful Window
KHARTOUM, SUDAN
Reinsurance House Building
P. O. Box 3224
Khartoum, Sudan
Telephone: +249 183 799357/8/9

UGANDA OFFICE
Kampala, Uganda
Lourdel Towers, 5th Floor
Nakasero Kampala

ETHIOPIA OFFICE
Addis Ababa, Ethiopia
Snap Building, 8th Floor Bole Road,
Addis Ababa, Ethiopia
Tel +251 911 977970Tel +251 911 977970
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