ZEP-RE Gets An Upgrade

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.

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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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