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. 

In August 2021, ZB Reinsurance was awarded the Short-Term Reinsurance Company of the Year award at the Insurance Survey and Awards Ceremony sponsored by NSSA. The survey paid special attention to identifying companies that are offering market-relevant insurance products. In October 2023, ZB Reinsurance was again awarded the Short- Term Reinsurance Company of the year at the Top Companies Survey awards sponsored by Old Mutual.

ZBRe has over the years cultivated lasting partnerships with renowned insurance and reinsurance companies both regionally and internationally, which culminated in the entity opening an office in the region in 2022 trading as P&C Reinsurance Botswana.

ZB Reinsurance is the market leader is the Zimbabwean Reinsurance sector. The company has maintained market leadership over the years due to its innovative and customer centric reinsurance solutions as well as efficient turnaround times.