Zambia based Klapton Re has received regulatory approval to operate in the Chinese reinsurance market.
The African reinsurance major, which currently does business in Africa, MENA, Asia and the US is working on a global expansion strategy. Regulatory filings show that the reinsurer’s revenue grew from KMW1bn ($5.4m) in 2023 to KMW2.9bn in 2024. The company holds a 'Caa1' rating from Moody's and will become the only Moody's-rated firm to be listed on the Lusaka exchange in March 2026.
Established in 2020 as a natural evolution of Klapton Insurance Company, the Lusaka-based reinsurer operates under the mission "Africa Underwriting the World," deploying African capital into global risk.