ZB Reinsurance

ZB Reinsurance Limited (ZBRe) is the reinsurance arm of ZBFH, offering a diverse range of reinsurance services.

Established as Intermarket Reinsurance Limited in a joint venture between Hollandia Reinsurance of South Africa and Intermarket Holdings Limited in 1997; the company was renamed ZB Reinsurance subsequent to the acquisition of a majority shareholding in IHL by ZB Financial Holdings Group (ZBFH) in 2006.

ZBRe provides reinsurance solutions to local and regional insurance companies, reinsurers, medical aid societies as well as special type clients/consortiums. 

ZBRe has over the years cultivated lasting partnerships with renowned insurance and reinsurance companies both regionally and internationally, with the view to ultimately entrenching a regional presence.

Credit Rating

ZB Re is rated A-  on a national level and has an international rating of B (Global Credit Rating Company).


ZB Reinsurance is active in the provision of both Treaty and Facultative business for the following classes:

  • Fire
  • Engineering
  • Motor
  • Marine
  • Miscellaneous Accident
  • Fidelity Guarantee
  • Bonds and Guarantees
  • Glass, Money and Casualty business, including Liabilities and Personal Accident.

Underwriting Capacity

In conformity with ZB Group objectives, the company seeks to benefit clients by giving excellent value in products and services. The company provides reinsurance solutions to local and regional insurance companies, reinsurance companies, health care service provides as well as special type clients/ consortiums entrenching:

  • Capacity with credible security
  • Global risk diffusion and surplus relief
  • Insurance risk management
  • Claims management and financing
  • Provision of technical skills in product development
  • Product structuring, pricing and reinsurance programme design.

Staff Profiles

John Ziki –Head Finance

John   is a registerd Public Accountant with over 20 years of working experience in the Banking and Insurance industries and is a member of the Association of Chartered Certified Accountants (ACCA). He holds a Post Graduate Certificate in Finance from the University of Wales and a Bachelor of Accounting Science degree from the University of South Africa.

Kudzanayi David Nyatsine –Head Operations

Kudzi is a versatile reinsurance professional with significant exposure in underwriting, claims management and reinsurance accounting. He has worked in insurance broking, direct underwriting and reinsurance environments in his career. Kudzi is an associate of the Insurance Institute of South Africa (AIISA) and is also an affiliate of the Association of Chartered Certified Accountants (ACCA). Additionally he holds a BSc (Hons) in Applied Accounting (Oxford Brookes University). 

Munyaradzi Mudamburi - Underwriting Manager

Munyaradzi joined the ZB Reinsurance team in 2005 as branch manager in Bulawayo. He then moved to Harare as Underwriting Manager. Prior to joining ZB Reinsurance, Munyaradzi worked for direct insurance companies in the claims and underwriting departments. He holds a bachelor in Applied Mathematics and an MBA from the National University of Science and Technology (NUST).

Obert Kwacha – Assistant Underwriting Manager

Obert is responsible for the Bulawayo branch. He joined ZB Reinsurance in 2013 having been previously trained at the same company as an intern. Obert is a holder of a Bachelor of Commerce degree in Risk Management and Insurance and a Master of Science degree in Finance and Investments both from the National University of Science and Technology (NUST). Previously, Obert worked for CBZ Insurance where he joined as an Underwriter and left as a Senior Underwriter in 2013 when he joined ZB Reinsurance. He has eight years experience in the industry and is studying towards an Advanced Diploma with the Chartered Insurance Institute.


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