Emerging Cyber Security Risks and the liabilities associated with same

danny joffe

Cyber-related security risks have become the more serious risks almost all companies face today, specifically companies who rely on technology or their client base and client data to run their businesses.  A cyber-attack is when the computer information technology system of a company or individual is exposed and an attacker manages to steal, erase, or […]

Moody’s assigns Klapton Re Caa3 IFS Rating – (Outlook stable)

Credit Rating

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 […]

Digital Transformation in the Covid Era

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In March 2020, the World Health Organization (WHO) declared the coronavirus disease 2019 a global health pandemic. Over the past two years, the disease, commonly known as covid -19 has spread worldwide, and countries have responded differently to the threat of the pandemic. The most common response (though at different degrees) has been the concept […]

Klapton Re 2021 Annual Report

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

Credit Rating

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).

GCR Image1

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 […]

Getting to Grips with Contractual verses Delictual Liability

Danny Joffe

To get to grips with liability insurance you need a clear understanding of the difference between contractual liability and delictual liability. These legal terms for specific liability are also relevant to understanding the cover offered on insurance policies. Before I explain why, I will share the practical impact of these terms. Negligent loss or damageDelictual […]

Klapton Re’s Sanctions Warning

United Nations

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 […]

New Insurance Act Exemplifies Actuarial Role

Raiza Sibongile Mtamira

The Insurance Act, No 38 of 2021, is set to repeal the Insurance Act No 27 of 1997 once the Minister of Finance and National Planning passes a Statutory Instrument for its commencement. The Pensions and Insurance Authority (PIA) has hailed the Act as much anticipated and progressive for the industry. This article zooms in […]

Insurance Solutions to Small and Medium Enterprises

Herfty Muzyamba

One of the distinct developments under the ‘New Dawn’s government is creating the Ministry for Small and Medium Enterprises (SMEs). The ministry seeks to drive the growth of the SME sector in Zambia. This move suggests that the government is cognisant of the critical role SMEs play. Its role through policy formulation is thus fundamental […]