Nduna appointed to Comesa reinsurance firm board

" Last year Zep Re wrote US$55 million in reinsurance premiums, realised a combined profit of $5.7 million and declared a $1.2 million cahsh dividend."

Zimre Holdings CEO Albert Nduna has been appointed to the board of Zep Re, a PTA Reinsurance company.

Zep Re is a regional insurance company established by member states of Comesa, which Zimbabwe is a member.

The company is owned by governments, public and private institutions of member Comesa states.

Nduna will be alternated by Leo Tazvitya Huvaya.

Other countries and companies represented on the reconstituted board include Kenya, Tanzania, Zambia, Djibouti, Sudan

Rwanda and the PTA Bank.

The new board is chaired by Michael Gondwe PTA Bank president.

Last year Zep Re wrote US$55 million in reinsurance premiums, realised a combined profit of $5.7 million and declared a $1.2 million cahsh dividend.

Meanwhile Zimbabwe has also been selected to host the 20th Zep Re Annual General Assembly in May 2011.

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Nduna appointed to Comesa reinsurance firm board

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