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 | DATE OF CREATION: April 2014, Johannesburg, South Africa |
| CLASS OF BUSINESS: Non life | |
| MAIN UNDERWRITING ZONE: South Africa |
GIC Re South Africa : contact
| Adress: Riviera Rd Office Park, 1st Floor - Block C, 6-9 Riviera Road, Houghton, Johannesburg 2193, South Africa |
| Tel: +27 11 877 0760 |
| Email: info@gicresa.co.za |
| Website: www.gicresa.co.za |
GIC Re South Africa : rating
| Agency | Rating | Outlook |
| Standard & Poor’s | BB+ (international) | Stable |
| Standard & Poor’s | zaAAA (national) | Stable |
GIC Re South Africa : main indicators
in thousands USD| 31/03/2022 | 31/03/2023 | |
| Turnover | 98 610 | 98 610 |
| Shareholder's equity | 107 456 | 107 456 |
| Net result | 12 123 | 12 123 |
| ROE(1) | 11.28% | 11.25% |
(1) Net result/Shareholder’s equity
GIC Re South Africa : management
| Jonathan Bagg | Chairman of the board |
| Sandip Karmarkar | General manager and CEO |
| Varun Bharadwaj | Chief operating officer |
| Chandan Verma | Chief underwriting officer |
| Nilesh Kasture | Chief finance officer |
| Niharika Suthar | Chief risk officer |
Source: GIC Re & KPMG
Read also | Reinsurance in Sub-Saharan Africa
