GN Reinsurance Company
DATE OF CREATION: 2014, Ghana | |
CLASS OF BUSINESS: Life and non life | |
MAIN UNDERWRITING ZONE: Africa |
GN Reinsurance Company : contact
Adress: 62, Kinshasa Avenue, East Legon, Accra, Ghana |
Tel: +233 (0) 30 254 2417/ 30 254 2418 |
Email: info [at] gnreinsurance [dot] com |
Website: www.gnreinsurance.com |
GN Reinsurance Company : Main indicators
in thousands USD2018 | 2019 | |
Turnover | 7 831 | 8 337 |
Shareholder’s equity | 23 020 | 21 615 |
Net result | -465 | 1 149 |
GN Reinsurance Company : Turnover by class of business
in thousands USDPrimes 2019 | En % | |
Property damage | 4 303 | 51.61% |
Motor | 776 | 9.31% |
Marine | 301 | 3.61% |
Other risks | 2 929 | 35.13% |
Total non life | 8 309 | 99.66% |
Life | 28 | 0.34% |
Grand total | 8 337 | 100% |
GN Reinsurance Company : Capital and shareholding
Shareholder | In % |
Ghana Growth Fund | 100% |
GN Reinsurance Company : Technical ratios
2018 | 2019 | |
Loss ratio | 44% | 33% |
Management expenses ratio | 64% | 50% |
Combined ratio | 108% | 83% |
GN Reinsurance Company : management
Papa Kwesi Nduom | Chairman of the board |
Joseph Kusi-Tieku | Chief executive officer |
Prince Kwesi Nkrumah | Chief operations officer |
Emmanuel Ekow Jonah | Manager of marketing, risk and compliance |
Exchange rate as at 31/12/2018 : 1 GHS = 0.20594 ; au 31/12/2019 : 1 GHS = 0.17497 USD
Source: GN Reinsurance Company
Read also | African reinsurers in 2019
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