Who we are
Background
WAICA Re Zimbabwe (Pvt) LIMITED is wholly owned subsidiary of WAICA Reinsurance Corporation PLC (WAICA Re PLC), a pan African Reinsurer headquartered in Freetown, Sierra Leone.
WAICA Re PLC acquired the former Colonnade Re in December 2018 and changed and rebranded the company to WAICA Re Zimbabwe Private Limited.
Since the completion of the acquisition, WAICA Re has grown to become second largest in the Zimbabwean Re/Insurance Market. In fact, according to the 2020 Third Quarter report published by IPEC, the Country’s Re/Insurance Regulator, WAICA Re Zimbabwe achieved a 25% share of the domestic market thereby making it the second largest company by market share out of the 8 registered Reinsurers operating in Zimbabwe.
The company is endowed with qualified and highly experienced human resources with a vast experience in insurance, reinsurance, finance & treasury, and risk management and control.
Territorial Scope
The company writes business both from the home country, Zimbabwe and from the African continent in general, with a focus on Southern Africa and the Indian Ocean Islands of Mauritius, and the Seychelles.
BUSINESS PHILOSOPHY
We do not seek merely to expand our business volume, but we are also dedicated to the use of our unique and creative digital assets to contribute to the culture, benefits, and welfare of all our various stakeholders.
Why we are Different
VISION
To become the leading reinsurer of choice in both Zimbabwe and in the Southern Africa region by 2024
MISSION
Provide reinsurance capacity of first class and value-added services in partnership with regional and global institutions.
CORE VALUES
• Professionalism • Integrity • Commitment • Team spirit