Zep-Re now mulls Tanzania office
Tanzania, March 19 -- Dar es Salaam. After investing over $29 million approximately (Sh73 billion) in the Tanzanian market over the past decade, ZEP-RE (PTA Reinsurance Company) is contemplating establishing a local office to better serve its customers and foster employment opportunities for Tanzanians.
The current investment in the Tanzania market is part of the company's core mandate of developing reinsurance in the region, ensuring premiums get retained in local markets it has allocated funds across various Tanzanian institutions, including fixed deposits, unlisted equities, and government securities.
Despite the investment, the total claims paid out over the same period exceeded $40 million (Sh102 billion), moreover and command a re...
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