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 | DATE OF CREATION: September 2001, Namibia |
| CLASSES OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONE: Africa |
NamibRe: contact
| Adress: NamibRe Building No 39, Cnr Feld and Lazarett street, Windhoek P. O. Box 716, Windhoek, Namibia |
| Tel: +264 61 422 800 |
| Fax: +264 61 256 904 |
| Email: info@namibre.com |
| Website: www.namibre.com |
NamibRe: rating
| Agency | Rating | Outlook |
| GCR | AA- (National business) | Stable |
| GCR | B+ (International business) | Stable |
NamibRe : main indicators
in thousands USD| 31/03/2020 | 31/03/2021 | |
| Turnover | 41 515 | 46 309 |
| Shareholder’s equity | 14 168 | 17 701 |
| Net result | 1 538 | 646 |
NamibRe: capital and shareholding
| Shareholder | In % |
| State of Namibia | 100% |
| Share capital | 1 340 000 USD |
NamibRe: technical ratios
| 31/03/2020 | 31/03/2021 | |
| Net loss ratio | 61,2% | 37,4% |
| Net management expenses ratio | 39,9% | 63.3% |
| Net combined ratio | 101,1% | 100,7% |
NamibRe: management
| Faniel Kisting | Chairman of the board |
| Patty Karuaihe-Martin | Managing director |
| François Francis | General manager finance & administration |
| Rudolph Humavindu | General manager reinsurance |
| Ntwala Mwilima | General manager corporate affairs and strategy |
Exchange rate as at 31/03/2020 : 1 NAD = 0.05574 USD ; 31/03/2021 : 1 NAD = 0.06701 USD
Source: NamibRe
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