Klapton Re Marks Five Years of Growth with Expanding Global Footprint
Zambia-based reinsurer Klapton Re has celebrated five years of operations, highlighting its growth, resilience, and increasing influence in the global financial services sector.
Since its establishment, Klapton Re has expanded beyond its Lusaka headquarters to operate across Africa, the Middle East, Asia, and the Americas. The company now serves clients in more than 30 countries and has underwritten risks exceeding USD 120 million in cumulative exposure, positioning Zambia firmly within the global reinsurance landscape.
A major milestone in the company’s journey has been its listing on the Lusaka Securities Exchange, reflecting strong investor confidence, transparency, and a commitment to sustainable growth, while contributing to the development of Zambia’s capital markets.
Speaking as Guest of Honour, Minister of Technology and Science Felix Mutati underscored the importance of insurance and reinsurance in driving economic development and managing risk.
He noted that despite Zambia’s economic growth, insurance uptake remains low and called for strengthened regulatory frameworks, increased public awareness, and greater adoption of insurance products among citizens and businesses.
Chairman Anthony Elmo Jayetileka reflected on the company’s founding vision to build a globally competitive reinsurance institution rooted in Africa.
He said Klapton Re has grown into a trusted partner across multiple regions, attributing its success to strong governance, strategic partnerships, and collective effort.
Chief Executive Officer Kudzai Bingepinge described the company’s growth as the result of careful stewardship, strong partnerships, and a supportive regulatory environment.
He highlighted achievements including securing international ratings, building advanced risk modelling capabilities, and developing a highly skilled workforce.
Mr Bingepinge noted that reinsurance is driven by expertise in managing risk and uncertainty, adding that Klapton Re represents the growing strength of African intellectual capital in global markets.
Looking ahead, he outlined plans to strengthen capital, expand into higher value opportunities, invest in innovation and talent, and support financial inclusion.
