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 | 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@grandre.co.zw |
| Website: www.grandre.co.zw |
Grand Reinsurance Company: rating
| Agency | Rating | Outlook |
| GCR | AA+ | Stable |
Grand Reinsurance Company: main indicators
in thousands USD| 2021 | 2022 | |
| Turnover | 12 677 | 11 978 |
| Shareholder’s equity | 3 185 | 4 566 |
| Net result | 822 | 1 940 |
| ROE(1) | 25.81% | 42.49% |
(1) Net result/Shareholder’s equity
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 31/12/2021 : 1 ZWL = 0.00920 USD ; as at 31/12/2022 : 1 ZWL = 0.00149 USD
Sources: Insurance & Pensions Commission (IPEC) & Grand Re Company
