The PTA Reinsurance Company (ZEP-RE) was established by an Agreement of Heads of State and Government of the COMESA region on 21st November 1990 in Mbabane, Swaziland (now Eswatini). The company was officially launched in 1992 and commenced operations on 1 January 1993 with its headquarters in Nairobi, Kenya. The PTA Reinsurance Company is tasked with the responsibility of promoting trade, development and integration in the insurance and re-insurance sector.
ZEP-RE is further mandated to: transact reinsurance business through Treaty and facultative cessions in respect of all or some classes of insurance inside as well as outside the sub-region; create and administer pools for various risks for the account and to the interest of the sub-region’s insurance and reinsurance markets; facilitate the training of insurance and reinsurance industry personnel in the Sub-Region; provide technical assistance to the insurance and reinsurance institutions of the sub-region; invest its funds in the sub-region in a manner that promotes economic development, provided the company may invest outside the sub-region to meet its operational and/or technical requirements; and Promote contacts and business co-operation among national insurance and reinsurance institutions in the sub-region.
Besides operating in several COMESA countries, ZEP-RE also serves many non-COMESA Member States such as Morocco, and Algeria in North Africa, Ghana, Nigeria, Togo and Senegal in West Africa, Mozambique in Southern Africa, and Tanzania in East Africa. The Global Credit Rating (GCR) rates the company AA for local/national and BBB- for international Business. The Company’s Headquarters is in Nairobi, Kenya.
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