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 | DATE OF CREATION: 1966, South Africa |
| CLASSES OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONE: Sub-Saharan Africa | |
| REGIONAL STRUCTURE: Johannesburg (South Africa) |
Gen Re : contact
| Adress : 2nd floor, South Wing, Granger Bay Court, V&A Waterfront, Cape Town, 8002, South Africa |
| Tel :+27 21 412 7700/06 |
| Fax :+27 21 412 7782 |
| Email :InformationOfficer_SA@genre.com |
| Website : www.genre.com |
Gen Re : rating
| Agency | Rating | Outlook |
| A.M. Best | A++ | Stable |
| Standard & Poor’s | AA+ | Stable |
| Moody's | Aa1 | Stable |
Gen Re : main indicators
in thousands USD| 2020 | 2021 | |
| Turnover | 261 729 | 268 272 |
| Shareholder's equity | 81 621 | 78 701 |
| Net result | -111 102 | 6 292 |
| ROE(1) | -136.12% | 7.99% |
(1) Net result/Shareholder’s equity
Gen Re : capital and shareholding
| Shareholding | In % | Share capital (1) |
| Berkshire Hathaway | 100% | 62 921 000 USD |
(1) Including share premium
Gen Re : technical ratios (2)
| 2020 | 2021 | |
| Net loss ratio | 113% | 218% |
| Management expenses ratio | 12% | 13% |
| Net combined ratio | 125% | 231% |
(2) Source : KPMG and Atlas Magazine
Gen Re : management
| Charlie Shamieh | Chairman and group CEO |
| Peter Temple | Regional manager, life and health |
| Janine Laubscher | Chief financial officer |
| Sandy O’Mahony | Life and health chief underwriter |
| Saulose Lemphane | Senior property underwriter Sub Saharan Africa |
Exchange rate as at 31/12/2020 : 1 ZAR = 0.06823 USD ; as 31/12/2021 : 1 ZAR = 0.06267 USD
Source: General Re and KPMG
Read also | Reinsurance in Sub-Saharan Africa
