Grand Reinsurance Company
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
Agency | Rating | Outlook |
GCR | AA+ | Stable |
Grand Reinsurance Company: main indicators
in thousands USD2019 | 2020 | |
Turnover | 7 060 | 11 754 |
Shareholder’s equity | 4 536 | 2 377 |
Net result | 3 045 | 1 619 |
Grand Reinsurance Company: capital and shareholding
Shareholders | In % |
Masawara Plc | 60% |
Sanlam Emerging Markets | 40% |
Grand Reinsurance Company: technical ratios
2019 | 2020 | |
Net loss ratio | 30.19% | 31.81% |
Net management expenses ratio | 49.99% | 52.04% |
Net combined ratio | 80.18% | 83.85% |
Grand Reinsurance Company: management
Osbourne Majuru | Chairman of the board |
Tatenda Katona | General manager |
Tinashe Marufu | Chief Operating Officer |
Hazel Zimbowora | Finance Director |
Exchange rate at 12/31/2020: 1 USD = 81,7866 ZWL
Source: Insurance & Pensions Commission (IPEC) & Grand Re Company
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