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 | DATE OF CREATION: 2014, Ghana |
| CLASS OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONE: Africa |
GN Reinsurance Company : contact
| Adress: 62, Kinshasa Avenue, East Legon, Accra, Ghana |
| Tel: +233 (0) 30 254 2417/ 30 254 2418 |
| Email: info@gnreinsurance.com |
| Website: www.gnreinsurance.com |
GN Reinsurance Company : Main indicators
in thousands USD| 2018 | 2019 | |
| Turnover | 7 831 | 8 337 |
| Shareholder’s equity | 23 020 | 21 615 |
| Net result | -465 | 1 149 |
GN Reinsurance Company : Turnover by class of business
in thousands USD| Primes 2019 | En % | |
| Property damage | 4 303 | 51.61% |
| Motor | 776 | 9.31% |
| Marine | 301 | 3.61% |
| Other risks | 2 929 | 35.13% |
| Total non life | 8 309 | 99.66% |
| Life | 28 | 0.34% |
| Grand total | 8 337 | 100% |
GN Reinsurance Company : Capital and shareholding
| Shareholder | In % |
| Ghana Growth Fund | 100% |
 | |
GN Reinsurance Company : Technical ratios
| 2018 | 2019 | |
| Loss ratio | 44% | 33% |
| Management expenses ratio | 64% | 50% |
| Combined ratio | 108% | 83% |
GN Reinsurance Company : management
| Papa Kwesi Nduom | Chairman of the board |
| Joseph Kusi-Tieku | Chief executive officer |
| Prince Kwesi Nkrumah | Chief operations officer |
| Emmanuel Ekow Jonah | Manager of marketing, risk and compliance |
Exchange rate as at 31/12/2018 : 1 GHS = 0.20594 ; au 31/12/2019 : 1 GHS = 0.17497 USD
Source: GN Reinsurance Company
Read also | African reinsurers in 2019