Reinsurance News

Zep Re

Reinsurer ZEP-RE and Afreximbank partner to enhance cross border trade in Africa

2nd April 2025

Zep-Re (PTA Reinsurance Company) and African Export-Import Bank (Afreximbank) have launched the Trans-Africa Bond Alliance (TABA), a transformative initiative that aims to bridge the insurance capacity gap and empower African contractors to secure more construction and procurement projects. By providing robust transit guarantee mechanisms, TABA is expected to boost cross-border trade ... Read the full article

ZEP-RE expands Planet collaboration for drought insurance in Horn of Africa

20th May 2024

Today, a prominent provider of daily Earth data and insights, Planet Labs PBC, announced a contract renewal with ZEP-RE, an African reinsurance firm headquartered in Nairobi, Kenya. This renewed collaboration builds on a successful first year of partnership, using Planet's insurance solutions to enhance drought risk management in the Horn of ... Read the full article

Jaskiran S. becomes Chief of Staff at Zep Re

7th May 2024

Kenya domiciled reinsurer Zep Re, or PTA Reinsurance Company, has a new Chief of Staff, Jaskiran S., who has recently joined the firm and will be in charge of strategy execution. ZEP-RE is a specialised institution of the Common Market for Eastern and Southern Africa (COMESA) established to service and develop ... Read the full article

AM Best upgrades ZEP RE’s credit ratings

15th November 2023

Global ratings agency AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating of B++ (Good) of ZEP-RE (PTA Reinsurance Company) (ZEP-RE) (Kenya). Best confirmed that the outlook of these ratings is stable. The agency said that the ratings ... Read the full article

ZEP-RE and Planet Labs partner on African drought program

13th December 2022

ZEP-RE, a reinsurance company based in Nairobi, Kenya, has partnered with data provider Planet Labs to expand its drought insurance program in the Horn of Africa (HOA) region. The reinsurer plans to leverage Planet’s Basemaps products to measure vegetation health for an area of more than 600,000 square kilometres of Eastern ... Read the full article

President Mugabe rejects Zep Re’s Bill to expand into Zimbabwe: Reports

12th June 2017

Kenya-based insurer and reinsurer Zep Re, also known as PTA Reinsurance Company, has been denied expansion into the Zimbabwe marketplace after President Mugabe rejected the Zep Re (Membership of Zimbabwe and Branch Office Agreement) Bill, according to industry reports. The Bill is designed to enable the insurance and reinsurance company to expand its ... Read the full article

Zep Re becomes just second foreign reinsurer to launch Ethiopia office

7th June 2017

Kenya domiciled reinsurer Zep Re, or PTA Reinsurance Company, has established a new regional office in Ethiopia in an effort to boost its reinsurance operations in Africa's second largest market by population, according to reports from the region. The new office has now opened following the signing of a hosting agreement ... Read the full article