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| DATE OF CREATION: 1968, South Africa |
| CLASSES OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONES: Sub-Saharan Africa | |
| REGIONAL STRUCTURE: Cape Town (South Africa) |
Munich Reinsurance Co. of Africa : contact
| Adress: 47 Empire Road, Parktown Johannesburg, 2193 P. O. Box 6636 Johannesburg 2000, South Africa |
| Tel: +27 11 242-2000 |
| Fax: +27 11 242-2000 |
| Website: www.munichre.com |
Munich Reinsurance Co. of Africa : rating
| Agency | Rating | Outlook |
| Standard & Poor's | AA- | Stable |
Munich Reinsurance Co. of Africa : main indicators
in thousands USD| 2020 | 2021 | |
| Turnover | 980 120 | 825 601 |
| Shareholder’s equity | 234 485 | 103 470 |
| Net result | 26 329 | -88 432 |
Munich Reinsurance Co. of Africa : capital and shareholding
| Shareholding | In % | Share capital (1) |
| Munich Re Group | 100% | 34 150 000 USD |
(1) Inlculding share premium
Munich Reinsurance Co. of Africa : technical ratios
| 2020 | 2021 | |
| Net loss ratio | 78% | 121% |
| Management expenses ratio | 21% | 19% |
| Net combined ratio | 99% | 140% |
Munich Reinsurance Co. of Africa : management
| Nomzamo Radebe | Chairman of the board |
| Nico Conradie | CEO |
| Talitha Latchman | Chief financial officer (CFO) |
| Yolanda Skei | Chief operations officer (COO) |
| Filipe Nunes | Head of life |
| Walter Voigts-von Forster | Head of non-life |
| Wendy-Anne Naidoo | Head of HR |
| Sipho Mthabela | Head of Africa strategy |
Exhange rate at 31/12/2020 : 1 ZAR = 0.06823 USD ; as 31/12/2021 : 1 ZAR = 0.06267 USD
Source : Munich Re & KPMG
Read also | Reinsurance in Sub-Saharan Africa