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 | 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 |
Emeritus General Reinsurance: rating
| Agency | Rating | Outlook |
| GCR | A- (National business) | Stable |
| GCR | CCC (International business) | Stable |
Emeritus General Reinsurance: main indicators
in thousands USD| 2020 | 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