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| DATE OF CREATION : December 2003 |
| CLASS OF BUSINESS : Non life | |
| MAIN UNDERWRITING ZONE : Rand Monetary Area (RMA) |
African Reinsurance Corporation (South Africa): contact
| Adress: Africa Re Place, 10 Sherborne Road, Parktown 2193, P.O. Box 3013, Houghton 2041, Johannesburg |
| Tel : +27 11 484 3764 /1970/1606 |
| Fax : +27 11 484 1001 |
| Email : arcsa@africa-re.com / joburg.info@africa-re.com |
| Website : www.arcsa.africa-re.com |
African Reinsurance Corporation (South Africa): rating
| Agency | Rating | Outlook |
| Standard & Poor’s | A- | Stable |
African Reinsurance Corporation (South Africa): main indicators
in thousands USD| 2020 | 2021 | |
| Turnover | 144 697 | 132 801 |
| Shareholder's equity | 61 475 | 61 582 |
| Net result | 5 778 | 5 116 |
African Reinsurance Corporation (South Africa): capital and shareholding
| Shareholder | In % | Share capital |
| Africa Re Lagos | 100% | 5 032 000 USD |
African Reinsurance Corporation (South Africa): technical ratios
| 2020 | 2021 | |
| Net loss ratio | 61.5% | 54.25% |
| Management expenses ratio | 37.76% | 53.64% |
| Net combined ratio | 99.26% | 107.89 |
African Reinsurance Corporation (South Africa): management
| Corneille Karekezi | Chairman of the board |
| Andy Tennick | Managing director |
| Sudadi K Senganda | General Manager, finance and administration |
| Vuyo Rankoe | Manager technical operations |
Exchange rate as at 31/12/2020: 1 ZAR = 0.06823 USD ; as 31/12/2021: 1 ZAR = 0.06267 USD
Source : Africa Re
Read also | Reinsurance in Sub-Saharan Africa