Prima Reinsurance Plc is holding its 14th Annual General Meeting with the following details:
|Venue:||:||Taj Pamodzi Hotel, Lusaka, ZM|
About the company
Prima Reinsurance Plc is a wholly-owned reinsurance company providing products and solutions in the domestic and business sector in Zambia. The company underwrites classes of marine and non-marine reinsurances, which includes fire, motor, engineering, aviation, agricultural and work-related accidents. Reinsurance is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. The company is also licensed to reinsure life assurance products. Prima Re is fully-owned and promoted by a group of Zambian Professionals and entrepreneurs. It was incorporated in 2006 as a public limited company and was the first reinsurance company to enter the Zambian marketplace.
This annual general meeting (AGM) is a mandatory yearly gathering of the company’s interested shareholders. At the AGM, the directors of this company present an annual report containing information for shareholders about the company’s performance and strategy. Shareholders with voting rights vote on current issues, such as appointments to the company’s board of directors, executive compensation, dividend payments and selection of auditors.
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