Emeritus Re (Life)

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DATE OF CREATION: 2017, Zimbabwe
CLASS OF BUSINESS: Life
MAIN UNDERWRITING ZONE: Africa

Emeritus Re (Life): contact

Address : 8th Floor, Baobab Centre 25 Kwame Nkrumah Avenue, Harare, Zimbabwe
Tel: +263 24 277 2963
Website: www.emeritusre.com

Emeritus Re (Life): rating

AgencyRatingOutlook
GCRA- (National business)Stable
GCRCCC (International business)Stable

Emeritus Re (Life): main indicators

in thousands USD
 20182019
Turnover4 060742
Shareholder’s equity *7 9481 109
Net result *1 047405

* As at 30 September 2019

The significant decrease in 2019 indicators is due to the monetary reforms undertaken by Zimbabwe following the reintroduction of the single currency regime.

Emeritus Re (Life): capital and shareholding

ShareholderIn %
Zimre Holdings (ZHL)100%
Emeritus-re-life-capital-and-shareholding

Emeritus Re (Life): management

Ignatius MvereChairman of the board
Shepherd TasaraLife manager

Emeritus Re (Life): regional structures

Botswana
Malawi
Zambia
Mozambique

Exchange rate at 12/31/2019: 1 USD = 16,7734 ZWL

Source: Insurance & Pensions Commission (IPEC)

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