General Reinsurance Africa - Gen Re
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 [at] genre [dot] 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 USD2020 | 2021 | |
Turnover | 254 864 | 261 729 |
Shareholder's equity | 149 951 | 81 621 |
Net result | -11 299 | -111 102 |
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
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