GCR places Nouvelle Compagnie Africaine de Réassurances’ financial strength ratings on “Review Extension”
Johannesburg, 22 December 2020 – GCR Ratings (“GCR”) has placed Nouvelle Compagnie Africaine de Réassurances’ (“NCA Re”) national scale financial strength rating of BB(CI) and international scale financial strength rating of CCC+ on ‘Review Extension’. The rating process is ongoing and GCR expects to publicly release the updated rating results by 31 January 2021. The ratings assigned in the last review are still in effect and remain unchanged until the review process is completed.
Marlaine Fleur Ngassa
Analyst: Insurance Ratings
+27 11 784 1771
Deputy Sector Head: Insurance Ratings
+27 11 784 1771
Related criteria and research
Criteria for the GCR Ratings Framework, May 2019
Criteria for Rating Insurance Companies, May 2019
GCR Ratings Scale, Symbols & Definitions, May 2019
GCR Country Risk Scores, November 2020
GCR Insurance Sector Risk Score, July 2020
Nouvelle Compagnie Africaine de Réassurances
Claims paying ability
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