Hannover Re South Africa
 | DATE OF CREATION:1981, South Africa |
| CLASSES OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONE: Sub-Saharan Africa |
Hannover Re South Africa : contact
| Adress: Rosebank Towers, Office Level 3,15 Biermann Ave Rosebank, Johannesburg 2196. P.O. Box 85321 Emmarentia 2029, South Africa |
| Tel: + 27 11 481 6500 |
| Fax: +27 11 484 3330/32 |
| Site web: www.hannover-re.com |
Hannover Re South Africa : rating
| Agency | Rating | Outlook |
| Standard & Poor’s | AA- | Stable |
Hannover Re South Africa : main indicators
in thousands USD| 2020 | 2021 | |
| Turnover | 422 021 | 474 988 |
| Shareholder's equity | 147 702 | 104 090 |
| Net result | 11 913 | -23 434 |
Hannover Re South Africa : capital and shareholding
| Shareholding | In % | Share capital (1) |
| Hannover Re Group | 100% | 73 781 000 USD |
(1) Including share premium
Hannover Re South Africa : technical ratios
| 2020 | 2021 | |
| Net loss ratio | 81% | 108% |
| Management expenses ratio | 24% | 30% |
| Net combined ratio | 105% | 138% |
Hannover Re South Africa : management
| Achim Klennert | Group general manager |
| Randolph Moses | General manager Hannover Re South Africa |
| Wesley Clay | Manager, life and health |
Exchange rate as at 31/12/2020 : 1 ZAR = 0.06823 USD ; as 31/12/2021 : 1 ZAR = 0.06267 USD
* On 1st January 2021, Hannover Reinsurance Africa's portfolio has been transferred to Hannover Life Reassurance Africa, renamed Hannover Re South Africa
Source : Hannover Re & KPMG
Read also | Reinsurance in Sub-Saharan Africa
