Insurance, Prima Reinsurance PlcSeptember 19, 2019

Prima Reinsurance losses continue at half year 2019
Prima Reinsurance’s woes are set to continue for another year as the company indicated that it forecast another loss after tax at half year 2019. “In accordance with section 3.4(b) of the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the Shareholders of Prima Reinsurance PLC (“the Company”) that the Loss […]

Insurance, Prima Reinsurance PlcMay 29, 2019

Prima Reinsurance Investors continue to face uncertainty
Investors in Prima Reinsurance will have to continue to wait on the full assessment that is currently being conducted by the company for peace of mind regarding their securities in the company. On November 12th 2018, the company announced that there would be a possible impact on the company’s shares due to what the board […]

Insurance, Prima Reinsurance PlcMay 5, 2019

Prima Reinsurance Plc 2018 Performance
Prima Reinsurance Plc (Prima Re) 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 include fire, motor, engineering, aviation, agricultural and work-related accidents. Reinsurance is the practice of insurers transferring portions of risk portfolios to oth

Insurance, Prima Reinsurance PlcApril 17, 2019

Prima Audit Delays AGM
Shareholders of the reassurance company, Prima Reassurance Plc will have to wait another few weeks as their management team struggle to finalise their annual financial reports with their Auditors. The company’s 14th Annual General Meeting was initially scheduled for 26th March 2019. However, through SENS announcement on 1st March 2019, by order of their Prima […]

Finance, Insurance, Prima Reinsurance PlcJuly 12, 2016

Blood on the Insurance Dance Floor
In KPMG’s 2013 sector report on insurance, Zambia was poised to experience explosive growth in the insurance industry. The stars were aligned, GDP was on the up and business prospects for the 23 business registered as at October that same year looked set for a bloodbath for clients. Fast forward 2015, the macro environment evolved. […]