Magazine date:
Jan 2023  | 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 [at] grandre [dot] co [dot] zw |
| Website: www.grandre.co.zw [4] |
Grand Reinsurance Company: rating
| Agency | Rating | Outlook |
| GCR | AA+ | Stable |
Grand Reinsurance Company: main indicators
in thousands USD| 2020 | 2021 | |
| Turnover | 11 754 | 12 677 |
| Shareholder’s equity | 2 377 | 3 185 |
| Net result | 1 619 | 822 |
Grand Reinsurance Company: capital and shareholding
| Shareholders | In % |
| Masawara Plc | 60% |
| Sanlam Emerging Markets | 40% |
 | |
(1) Including share premium
Grand Reinsurance Company: technical ratios
| 2020 | 2021 | |
| Net loss ratio | 31.81% | 31.84% |
| Net management expenses ratio | 52.04% | 64.38% |
| Net combined ratio | 83.85% | 96.22% |
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 as at 31/12/2020: 1 ZWL = 0.01223 USD ; 31/12/2021: 1 ZWL = 0.00920 USD
Sources: Insurance & Pensions Commission (IPEC) & Grand Re Company
Read also | African reinsurers: ranking according to turnover [5]
