Emeritus General Reinsurance
 | DATE OF CREATION: 1984, Zimbabwe |
| CLASS OF BUSINESS: Non life | |
| MAIN UNDERWRITING ZONE: Africa | |
| REGIONAL STRUCTURES: Botswana, Malawi, Zambia et Mozambique |
Emeritus General Reinsurance: contact
| Adress: Block D, 2nd Floor, Smatsatsa Office Park Stand Number 10667, Borrowdale, Harare, Zimbabwe |
| Tel: +263 24 2870 762-8 |
| Website: www.emeritusre.com |
Emeritus General Reinsurance: rating
| Agency | Rating | Outlook |
| GCR | A- (National business) | Stable |
| GCR | CCC (International business) | Stable |
Emeritus General Reinsurance: main indicators
in thousands USD| 2019 | 2020 | |
| Turnover | 4 394 | 7 882 |
| Shareholder’s equity | 4 763 | 2 149 |
| Net result | 2 503 | 903 |
Emeritus General Reinsurance: capital and shareholding
| Shareholder | In % |
| Zimre Holdings (ZHL) | 100% |
 | |
Emeritus General Reinsurance: technical ratios
| 2019 | 2020 | |
| Net loss ratio | 54.79% | 45.98% |
| Net management expenses ratio | 43.69% | 66.30% |
| Net combined ratio | 98.48% | 112.28% |
Emeritus General Reinsurance: management
| Wadzanayi Bertha Phiri | Chairman of the board |
| Leo Huvaya | Managing director |
| Tarupiwa Tarupiwa | Operations manager, Zimbabwe |
| Lovemore Madzinga | Finance manager |
Exchange rate as at 31/12/2020: 1 USD = 81.7866 ZWL
Source : Insurance & Pensions Commission (IPEC)
Read also | African reinsurers in 2019
