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 | DATE OF CREATION: 2007, Zimbabwe |
| CLASS OF BUSINESS: Non life | |
| MAIN UNDERWRITING ZONE: Africa |
Tropical Reinsurance Company: contact
| Adress: 31 Churchill Avenue - Alexandra Park P.O. Box CY 155 Causeway, Zimbabwe |
| Tel: +263 242 744907/08 |
| Email:reinsurance@tropicalre.co.zw |
| Website: www.tropicalre.co.zw |
Tropical Reinsurance Company: rating
| Agency | Rating | Outlook |
| GCR | BBB+ (National business) | Stable |
| GCR | CCC (International business) | Stable |
Tropical Reinsurance Company: main indicators
in thousands USD| 2021 | 2022 | |
| Turnover | 13 126 | 10 523 |
| Shareholder’s equity | 5 405 | 5 353 |
| Net result | 11 081 | 3 642 |
| ROE(1) | 205% | 68,04% |
(1) Net result/Shareholder’s equity
Tropical Reinsurance Company: management
| Roseline Nhamo | Chairman of the board |
| Ushe Mungaraza | Managing director |
| Mukai Nyengerai | Head of finance |
| Kelvin Zimbowora | Head of operations |
Exchange rate at 31/12/2021 : 1 ZWL = 0.00920 USD ; as at 31/12/2022 : 1 ZWL = 0.00149 USD
Source: Tropical Re and Insurance & Pensions Commission (IPEC)
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