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FBC Reinsurance Retains A- Credit Rating from GCR

Thursday, January 29, 2015

FBC Reinsurance continues to scale dizzy heights in executing its mandate in line with international standards and modern business practices to . Through the Global Credit Rating Company (GCR) - a leading international emerging markets focused rating agency, FBC Re has reinforced its position as a formidable wholesale underwriter within the Zimbabwean market. The credit rating grade of A-(ZW) confirms that our national scale claims paying ability rating has remained consistently stable despite local economic fundamentals.  

The icing on the cake is being the only A- rated Zimbabwean Reinsurance Company. Our strength derives from a strong capital base and first-rate partnerships with reputable regional and international retrocessionaires. The top- tier recertification of FBC Re by GCR certifies our position as a market leading reinsurer on several Property and Casualty treaties for top insurance companies in our markets. The ratings highlight FBC Re’s positive strategic position as one of the leading reinsurance companies in Zimbabwe, thanks to a strong branding presence and superior market intelligence.

Read More on the Global Credit Rating Company (GCR) website