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| Filename | Zambia-Re-rating-report-2022.pdf |
| Filesize | 273.79 KB |
| Version | paid report |
| Date added | December 1, 2022 |
| Downloaded | 3 times |
| Category | Credit Rating Reports, Insurance |
Zambia Re (formerly Prima Reinsurance Plc) was established in August 2006 and started operations in January 2007. The reinsurer is licensed to provide reinsurance business in all life and non-life insurance lines. Following a rights issue in June 2020, Industrial Development Corporation became the largest shareholder in Zambia Re, with a 28.2% shareholding. The next largest shareholder is National Pension Scheme Authority at 14.3%. The remaining material shareholders include management and various pension trusts with holdings of between 1% and 7%. Zambia Re is not part of a group and a standalone analytical approach was applied.