ZEP-RE (PTA Reinsurance Company) is a specialised institution of the Common Market for Eastern and Southern Africa (COMESA) created under charter.
ZEP-RE (PTA Reinsurance Company) is an institution of the Common Market for Eastern and Southern Africa (COMESA), established by an Agreement signed by Heads of States and Governments on 23 November 1990 in Mbabane, Swaziland.
The signatory Member States to the Agreement establishing the Company include: Angola, Burundi, Comoros, Democratic Republic of Congo, Djibouti, Eritrea, Ethiopia, Kenya, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Somali, Sudan, Tanzania, Uganda, Zambia and Zimbabwe.
[6] As of December 2016, ZEP-RE has 36 shareholders composed of COMESA member states and institutional shareholders ZEP-RE is headquartered in Nairobi, Kenya[7] with regional and operates hubs and country offices in Cameroon, Cote d’Ivoire, Ethiopia,[8] Democratic Republic of Congo, Uganda, Zambia, Zimbabwe[9] and Sudan.
It enjoys mandatory concessions that grant it at least 10 percent of the reinsurance business in several countries.