Klapton Re Financial Results for the Year Ended 31 December 2023.
We are pleased to share the financial results for Klapton Re for the year ended 31 December 2023. This year has been transformative for the insurance industry with the implementation of IFRS 17, and we are pleased to report our performance amidst these significant changes. The transformative implementation of IFRS 17 has significantly impacted the […]
Klapton Re Exceeds Expectations with Stellar Half-Year Performance
Klapton Re is proud to announce a remarkable achievement for the first half of 2024. We have not only met but significantly surpassed our financial targets, breaking the 1 billion kwacha mark in actual performance. This exceptional performance is a testament to our strategic planning, efficient execution, and the relentless dedication of our team. Klapton […]
Klapton Re Granted Regulatory Approval To Write Life and Health Insurance
We are pleased to announce that Klapton Reinsurance Limited has been granted regulatory approval by the Pensions and Insurance Authority (PIA) to write life and health reinsurance. From 1 January 2023, Klapton Re will commence offering reinsurance capacity in the following life and health lines in Africa and Asia: 1. Health/Medical 2. Credit Life 3. […]
Moody’s assigns Klapton Re Caa3 IFS Rating – (Outlook stable)
The Board are pleased to announce that Moody’s has assigned Klapton Re an initial Insurance Financial Strength (IFS) rating of Caa3 with a stable outlook. The rating, which is a grade above the sovereign rating of Zambia, reflects our excellent business profile, aggressive growth strategy and strong capitalisation. In addition, it reflects our commitment to […]
Klapton Re’s Sanctions Warning
We comply with the sanction restrictions and prohibitions published under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America (“The Sanctions”). The Sanctions may apply to countries, authorities, companies, and individuals. The Sanctions mean that no (re)insurer shall be deemed to […]
Klapton Re Launch Event
If you missed our launch event last week, we are delighted to share the speech given by our CEO and Managing Director, Mr Webster Twaambo Jr., who provided background on Klapton Re, the investment being made into the Zambian economy, and our objectives to provide local reinsurance capacity. THURSDAY 14th OCTOBER 2021“A warm welcome to […]
Klapton Re Launch Event
Last night was the Klapton Reinsurance launch event, held at the Taj Pamodzi Hotel in Lusaka. We were humbled to be joined by over 150 dignitaries and invited guests who enjoyed speeches, networking, a three-course meal, and live jazz entertainment. Guests were addressed by; 1. CEO & Managing Director of Klapton Re, Mr Webster Twaambo […]