Grand Reinsurance Company

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DATE OF CREATION: 2005, Zimbabwe
CLASS OF BUSINESS: Non life
MAIN UNDERWRITING ZONE: Africa
REGIONAL STRUCTURE: Gaborone (Botswana)

Grand Reinsurance Company: contact

Address: No.12 Duthie Road, Belgravia Harare, Zimbabwe
Tel: +263-242-701771 – 4
Email: info [at] grandre [dot] co [dot] zw
Website: www.grandre.co.zw

Grand Reinsurance Company: rating

AgencyRatingOutlook
GCRAA+Stable

Grand Reinsurance Company: main indicators

in thousands USD
 20192020
Turnover7 06011 754
Shareholder’s equity4 5362 377
Net result3 0451 619

Grand Reinsurance Company: capital and shareholding

ShareholdersIn %
Masawara Plc60%
Sanlam Emerging Markets40%
Grand-reinsurance-shareholding-2020

Grand Reinsurance Company: technical ratios

 20192020
Net loss ratio30.19%31.81%
Net management expenses ratio49.99%52.04%
Net combined ratio80.18%83.85%

Grand Reinsurance Company: management

Osbourne MajuruChairman of the board
Tatenda KatonaGeneral manager
Tinashe MarufuChief Operating Officer
Hazel ZimboworaFinance Director

Exchange rate at 12/31/2020: 1 USD = 81,7866 ZWL

Source: Insurance & Pensions Commission (IPEC) & Grand Re Company

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