Prima Reinsurance Plc 2011 Annual Report

first_imgZambia Reinsurance PLC (PRIMA.zm) listed on the Lusaka Securities Exchange under the Insurance sector has released it’s 2011 annual report.For more information about Zambia Reinsurance PLC (PRIMA.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Zambia Reinsurance PLC (PRIMA.zm) company page on AfricanFinancials.Document: Zambia Reinsurance PLC (PRIMA.zm)  2011 annual report.Company ProfileZambia Reinsurance PLC, formerly known as Prima Reinsurance is a wholly-owned reinsurance company providing products and solutions in the domestic and business sector in Zambia. The company underwrites classes of marine and non-marine reinsurances, which includes fire, motor, engineering, aviation, agricultural and work-related accidents. Reinsurance is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. The company is also licensed to reinsure life assurance products. Prima Re is fully-owned and promoted by a group of Zambian Professionals and entrepreneurs. It was incorporated in 2006 as a public limited company and was the first reinsurance company to enter the Zambian marketplace. Prima Reinsurance Plc is listed on the Lusaka Stock Exchangelast_img read more