Munich Reinsurance Co. of Africa (MRoA)

Munich Re
DATE OF CREATION: 1968, South Africa
CLASS OF BUSINESS: Life and non life
MAIN UNDERWRITING ZONES: Sub-Saharan Africa
REGIONAL STRUCTURE: Cape Town (South Africa)

Munich Reinsurance Co. of Africa : contact

Adress: 47 Empire Road, Parktown Johannesburg, 2193 P. O. Box 6636 Johannesburg 2000, South Africa
Tel: +27 11 242-2000
Fax: +27 11 242-2000
Website: www.munichre.com

Munich Reinsurance Co. of Africa : rating

AgencyRatingOutlook
Standard & Poor'sAA-Stable

Munich Reinsurance Co. of Africa : main indicators

in thousands USD
 201820192020
Turnover762 954852 765980 120
Shareholder’s equity220 486223 514234 485
Net result10 36017 72926 329

Munich Reinsurance Co. of Africa : turnover by class of business*

in thousands USD
 PremiumsIn %
Property damage276 73632.45%
Motor215 54825.28%
Marine9 8691.16%
Others70 5428.27%
Total non life572 69567.16%
Life280 07032.84%
Grand total852 765100%

* 2019 figures

Munich Reinsurance Co. of Africa : capital and shareholding

ShareholdersIn %
Munich Re100%
Munich Re shareholding

Munich Reinsurance Co. of Africa : technical ratios

 20192020
Loss ratio80%78%
Management expenses ratio23%21%
Combined ratio103%99%

Munich Reinsurance Co. of Africa : management

Nomzamo RadebeChairman of the board
Nico ConradieCEO
Karsten SteinmetzChief financial officer
Yolanda SkeiChief operations officer
Filipe NunesHead of life
Belhassen TonatHead of non life
Wendy-Anne NaidooHead of RH
Sipho MthabelaHead of Africa strategy

Exhange rate at 31/12/2018 : 1 ZAR = 0.06923 USD ; 31/12/2019 : 1 ZAR = 0.07112 USD ; 31/12/2020 : 1 ZAR = 0.06823 USD

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