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Prima Reinsurance
Proudly Zambian

 

rating

In line with positioning itself to compete with other international reinsurers, Prima Re has subjected itself to an international rating process which is done by Global Credit Rating Co. (GCR)

 

During GCR`s latest review (2014/2015) the national rating scale for Claims Paying Ability assigned to Prima Re was upgraded to A- from BBB; with the outlook accorded as Stable. Furthermore, GCR reaffirmed the international scale Claims Paying Ability rating assigned to Prima Re as B; with the outlook accorded as Stable.

 

The upgrade was accorded to Prima Re based on the following:

 

     • The notable strengthening in capitalisation.
     • Improvement in claims reserve metrics following an independent evaluation by actuaries.
     • Improved sustainable liquidity metrics.
     • The retrocession programme is placed with rated counter parties. 
 

 The international rating is capped by the Zambian Sovereign Rating of B.

 

Click on the following links for:

 

GCR Rating Report