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Reinsurance Securities

REINSURANCE SECURITIES
The operations of GLICO GENERAL are secured by a complex series of carefully arranged treaty reinsurances with both local and foreign reinsurance companies.  The company also has a panel of reinsurers with which it places businesses beyond its treaty.

Below are the listings of our reinsurance partners:

 

  Munich Re    Munich Re is a leading reinsurance company headquartered in Munich, Germany. It is one of the world’s leading reinsurers and are represented all over the world. Munich Re employs over 43,428 people around the world. They recorded a stated capital of €50 billion, total equity of €31.8 billion and total Revenue of €48.9 billion in 2016.

 

Swiss Re  The Swiss Re is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer operating over a period of 154 years. Founded in December 1863, Swiss Re employs over 14,053 people around the world. The company is headquartered in Zurich, Switzerland and recorded a total assets of US $215.065 billion and revenue of US $33.231 billion in the year 2016.  



Africa Re   African Reinsurance Corporation, together with its subsidiaries, provides reinsurance solutions to the insurance sector in Africa and internationally. The company was founded in 1976 and is based in Lagos, Nigeria. Rated “A” by A.M. Best in 2017. Africa Re recorded a total revenue of US$162 million in 2016.

   

Ghana Reinsurance Company Limited   Ghana Re is a “home-grown” successful reinsurance company in Ghana with over 44 years’ experience in reinsurance business and a proven track record of providing world-class reinsurance services to local and international markets.  

 

WAICA Reinsurance Company Limited   WAICA Reinsurance Corporation Plc is a public limited liability company incorporated under the laws of Sierra Leone (Companies Act 2009) on 7th March 2011. The Corporation has an authorized share capital of $100 million and a paid up share of approximately $65 million.

   

GN Reinsurance Company Limited   GN Re is a homegrown reinsurance company and a subsidiary of the Group Nduom.  Over a period of 3 years of operations, GN Re has grown their initial stated capital of GHS80 million to GHS121 million in 2017.

   

Alltrust Insurance     Alltrust Insurance Company Limited provides property and casualty insurance products and services. It offers insurance, reinsurance, and fund management services. The company was founded in 2004 and is based in Shanghai, China. Alltrust Insurance Company Limited operates as a subsidiary of China Huaneng Group.

   

Continental Re   Continental re is a world-class pan-African service reinsurer incorporated in Nigeria in 1985 and wrote a gross premium income of NGN22.4 billion as at 2016.

   

ZEP-RE   ZEP-RE (PTA Reinsurance Company) underwrites life and non-life reinsurance risks in Kenya, Ethiopia, Tanzania, Zimbabwe, India, Uganda, and Sudan. The company offers property, casualty, motor, marine, aviation, life, and medical insurance products. ZEP-RE (PTA Reinsurance Company) is headquartered in Nairobi, Kenya. Zep-Re wrote a gross premium income of US$ 128.7 million in 2016.

 

PICC     PICC Property and Casualty Company Limited is principally engaged in the provision of property and casualty insurance products. Incorporated 2003, PICC records a total revenue of HKD362.70bn and a net income of HKD23.43bn. PICC was our main reinsurer when we provided cover for the construction of the BUI Dam.