WAICA Re
 | DATE OF CREATION: 7 March 2011, Sierra Leone |
| CLASS OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONES: East and West Africa | |
| REGIONAL STRUCTURES: Accra (Ghana), Lagos (Nigeria), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Tunis (Tunisia), Harare (Zimbabwe) |
Waica Re : contact
| Adress: 30 Junction, Hill Station, Freetown, Sierra Leone |
| Tel: +232 22 226219 / 22 226082 / 76 368359 |
| Fax: +232 22 226083 |
| Email: waicareinsurance [at] waicare [dot] com / info [at] waicare [dot] com |
| Site web: www.waicare.com |
Waica Re : rating
| Agency | Rating | Outlook |
| A.M. Best | B+ | Stable |
| GCR | AAA (National business) | Stable |
| GCR | B+ (International business) | Stable |
Waica Re : main indicators
in thousands USD| 2019 | 2020 | |
| Turnover | 70 340 | 102 604 |
| Shareholder’s equity | 89 371 | 98 160 |
| Net result | 9 574 | 13 136 |
Waica Re : turnover 2020 by class of business
in thousands USD| Premiums | In % | |
| Property and engineering | 54 039 | 52.67% |
| Accident | 19 222 | 18.73% |
| Energy | 13 148 | 12.82% |
| Marine and aviation | 8 940 | 8.71% |
| Motor | 4 762 | 4.64% |
| Total non life | 100 111 | 97.57% |
| Life | 2 493 | 2.43% |
| Grand total | 102 604 | 100% |
Waica Re : capital and shareholding
| Shareholders | In % |
| Star Assurance Co. Ltd | 21.245% |
| Star Life Assurance Co. Ltd | 20.935% |
| Syntech Enterprises | 11.273% |
| Zep Re (PTA Reinsurance Co. Ltd) | 8.365% |
| Autres | 38.182% |
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Waica Re : technical ratios
| 2019 | 2020 | |
| Net loss ratio | 31.89 | 39.16% |
| Management expenses ratio | 59.23% | 49.59% |
| Net combined ratio | 91.12% | 88.75% |
Waica Re : management
| Kofi Duffuor | Chairman of the board |
| Ezekiel Abiola Ekundayo | Group managing director / CEO |
| Abiba Zakariah | Group chief operating officer |
| Samuel Jasper Baidoo | Director, finance |
| Clement Owusu | Director, technical |
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