Tan Re, results on the rise

The Tanzanian reinsurer has reported 42.7 billion TZS (29.2 million USD) of premiums in 2010, compared to 36.7 billion TZS (27.8 million USD) in 2009, that is, a 16% increase. Pre-tax profits rose by 40%, from 4.5 billion TZS (3.4 million USD) in 2009 to 6.3 billion TZS (4.3 million USD) in 2010.

Controlled in majority by the Tanzanian State (45%), Tan Re has been granted BB- by Global Credit rating.