African Reinsurance Corporation (South Africa)

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DATE OF CREATION : December 2003
CLASS OF BUSINESS : Non life
MAIN UNDERWRITING ZONE : Rand Monetary Area (RMA)

African Reinsurance Corporation (South Africa): contact

Adress: Africa Re Place, 10 Sherborne Road, Parktown 2193, P.O. Box 3013, Houghton 2041, Johannesburg
Tel : +27 11 484 3764 /1970/1606
Fax : +27 11 484 1001
Email : arcsa [at] africa-re [dot] com / joburg [dot] info [at] africa-re [dot] com
Website : www.arcsa.africa-re.com

African Reinsurance Corporation (South Africa): rating

AgencyRatingOutlook
Standard & Poor’sA-Stable

African Reinsurance Corporation (South Africa): main indicators

in thousands USD
 20202021
Turnover144 697132 801
Shareholder's equity61 47561 582
Net result5 7785 116

African Reinsurance Corporation (South Africa): capital and shareholding

ShareholderIn %Share capital
Africa Re Lagos100%5 032 000 USD

African Reinsurance Corporation (South Africa): technical ratios

 20202021
Net loss ratio61.5%54.25%
Management expenses ratio37.76%53.64%
Net combined ratio99.26%107.89

African Reinsurance Corporation (South Africa): management

Corneille KarekeziChairman of the board
Andy TennickManaging director
Sudadi K SengandaGeneral Manager, finance and administration
Vuyo RankoeManager technical operations

Exchange rate as at 31/12/2020: 1 ZAR = 0.06823 USD ; as 31/12/2021: 1 ZAR = 0.06267 USD
Source : Africa Re

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