Moody’s upgrades Klapton Re to Caa2 IFS Rating – (Outlook stable)
The Board is pleased to announce that Moody’s has upgraded Klapton Re’s Insurance Financial Strength (IFS) rating to Caa2 from Caa3, and the outlook remains stable. This upgrade follows Moody’s upgrade of the Government of Zambia’s local currency (LC) long-term issuer rating to Caa3 from Ca, with a stable outlook.This positive development underscores Klapton Re’s […]
Klapton Re is assigned Demotech Financial Stability Rating of S, Substantial
The Board is pleased to announce that Klapton Re has been assigned a Demotech Financial Stability Rating (FSR) of S, Substantial from Demotech, Inc., a rating agency registered with the U.S. Securities and Exchange Commission as a Nationally Recognised Statistical Rating Organisation (NRSRO). Financial Stability Ratings® (FSRs) are a leading indicator of an insurer’s financial […]
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 2021 Annual Report
It gives me great pleasure to present the annual report for Klapton Re for 2021 in which we highlight the main milestones of our inaugural year. 2021 was a year in which we focused on establishing the company and the brand as a viable and trustworthy partner of choice in the reinsurance space. We look […]
Bloomfield assigns Klapton Re initial international scale financial strength ratings of A1- (Short Term) and BB- (Long Term) and local ratings of A1- (Short Term) and BBB+ (Long Term) respectively
We are pleased to announce that Klapton Reinsurance Limited has been issued a first-time international scale rating of A1- (short term) and BB- (long term) by Bloomfield Investments. The company has also been issued a local rating of A1- (short term) and BBB+ (long term). This rating issued shortly after the recent rating by GCR […]
GCR assigns Klapton Re initial international and national scale financial strength ratings of CCC and BB(ZM), respectively (Stable Outlook).
Klapton Reinsurance Limited wishes to announce its first-time international scale rating of CCC (outlook stable), national scale BB(ZM) (outlook stable) by Global Credit Rating (GCR), who have recently been acquired by Moody’s, effective March 16, 2022. This initial rating issued shortly after the company’s commencement of operations on October 1, 2021, provides market confidence that […]
