Magazine date:
Jan 2023 DATE OF CREATION: 1984, Zimbabwe | |
CLASS OF BUSINESS: Non life | |
MAIN UNDERWRITING ZONE: Africa | |
REGIONAL STRUCTURES: Botswana, Malawi, Zambia and Mozambique |
Emeritus General Reinsurance: contact
Adress: Block D, 2nd Floor, Smatsatsa Office Park Stand Number 10667, Borrowdale, Harare, Zimbabwe |
Tel: +263 24 2870 762-8 |
Website: www.emeritusre.com [4] |
Emeritus General Reinsurance: rating
Agency | Rating | Outlook |
GCR | A- (National business) | Stable |
GCR | CCC (International business) | Stable |
Emeritus General Reinsurance: main indicators
in thousands USD2020 | 2021 | |
Turnover | 7 882 | 10 915 |
Shareholder’s equity | 2 149 | 7 133 |
Net result | 903 | 5 173 |
Emeritus General Reinsurance: capital and shareholding
Shareholder | In % | Share capital (1) |
Zimre Holdings (ZHL) | 100% | 302 000 USD |
Emeritus General Reinsurance: technical ratios
2020 | 2021 | |
Net loss ratio | 45.98% | 35,57% |
Net management expenses ratio | 66.30% | 63,39% |
Net combined ratio | 112.28% | 98,96% |
Emeritus General Reinsurance: management
Wadzanayi Bertha Phiri | Chairman of the board |
Leo Huvaya | Managing director |
Tarupiwa Tarupiwa | Operations manager, Zimbabwe |
Lovemore Madzinga | Finance manager |
Source : Insurance & Pensions Commission (IPEC)
Exchange rate as at 31/12/2020: 1 ZWL = 0.01223 USD ; 31/12/2021 : 1 ZWL = 0.00920 USD
Read also | African reinsurers: ranking according to turnover [5]