Magazine date:
Jan 2023 DATE OF CREATION: 2006, Bahrain | |
CLASS OF BUSINESS: Life and non life | |
MAIN UNDERWRITING ZONES: Middle East, Asia and Africa | |
REGIONAL STRUCTURE: Lubuan (Malaysia) |
Hannover Retakaful : contact
Adress: Al Zamil Tower, 17th Floor, P.O. Box 75180, Manama, Bahrain |
Tel: (+973) 17 214 766 |
Fax: (+973) 17 214 667 |
Website: www.hannover-re.com [4] |
Hannover Retakaful : rating
Agency | Rating | Outlook |
Standard & Poor's | A+ | Stable |
Hannover Retakaful : main indicators
in thousands USD2019 | 2020 | 2021 | |
Turnover | 178 953 | 206 347 | 171 096 |
Shareholder’s equity | 180 998 | 203 456 | 216 252 |
Net result | 25 837 | 22 362 | 12 893 |
Hannover Retakaful : turnover 2021 by class of business
in thousands USDPremiums | In % | |
General retakaful | 65 735 | 38.42% |
Family retakaful | 105 361 | 61.58% |
Total | 171 096 | 100% |
Hannover Retakaful : capital and shareholding
in thousands USDShareholders | In % | Share capital |
Hannover Re | 100% | 52 733 |
Hannover Retakaful : technical ratios
2019 | 2020 | 2021 | |
Loss ratio | 63.8% | 63.2% | 43.4% |
Management expenses ratio | 39.0% | 37.2% | 42.1% |
Combined ratio | 102.8% | 100.4% | 85.5% |
Source: AM Best
Hannover Retakaful : management
Claude Chevre | Chairman of the board |
Adham El-Muezzin | Managing director |
Zarita Beeton | Chief financial officer |
Ridwaan Patel | Chief risk & compliance officer |
Fadhel Al Sabea | Underwriting manager, treaty |
Hania Abdeljalil | Underwriting manager, family & health |
Exhange rate at 31/12/2018 : 1 BHD = 2.64362 ; 31/12/2019 : 1 BHD = 2.63655 USD ; 31/12/2020 : 1 BHD = 2.63793 USD ; 31/12/2021: 1 BHD = 2.63667 USD
Sources: Hannover Re and AM Best
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