Insurance – GCR

GCR affirms WAICA Re’s international scale financial strength rating of B+ and revises Nigerian national scale financial strength rating to AAA_(NG) on criteria change; Outlooks Stable.

Jul 23, 2021

Tagged in: Nigeria

Lagos, 23 July 2021 – GCR Ratings (“GCR”) has affirmed WAICA Reinsurance Corporation Plc’s (“WAICA Re”) international scale financial strength rating of ‘B+’, with a…

Announcements Insurance Medical Scheme Rating Alerts

GCR assigns an initial Zimbabwean national scale financial strength rating of BB+_(ZW) to Cellmed Health Medical Fund; Outlook Stable

Jul 22, 2021

Tagged in: Zimbabwe

Rating action Johannesburg, 22 July 2021 — GCR Ratings (“GCR”) assigns first time national scale financial strength rating of BB+(ZW) to Cellmed Health Medical Fund…

Announcements Insurance Rating Alerts

GCR affirms Jubilee Uganda’s national scale rating of AAA_(UG) on expected resilience post medical business unbundling and acquisition by Allianz SE; Outlook Stable

Jul 19, 2021

Tagged in: Uganda

Rating action Johannesburg, 19th July 2021 – GCR Ratings (“GCR”) has affirmed The Jubilee Insurance Company of Uganda Limited’s (“Jubilee Uganda”) national scale financial strength…

Announcements Insurance Rating Alerts

GCR affirms MUA Insurance (Uganda) Limited’s national scale financial strength rating of A_(UG); Outlook Stable.

Jul 13, 2021

Tagged in: Uganda

Rating action Nairobi, 13th July 2021 – GCR Ratings (“GCR”) has affirmed MUA Insurance (Uganda) Limited’s (“MUA Uganda”) national scale financial strength rating of A(UG),…

Announcements Insurance Rating Alerts

GCR assigns Zambia Reinsurance Plc an initial national scale financial strength rating of A-_(ZM); Outlook Stable

Jul 12, 2021

Tagged in: Zambia

Rating action Johannesburg, 12 July 2021 – GCR Ratings (“GCR”) has assigned Zambia Reinsurance Plc (“Zambia Re”) a national scale financial strength rating of A-(ZM),…

Announcements Insurance Rating Alerts

GCR places Jubilee Tanzania’s Outlook on Rating Watch Positive, due to pending regulatory approval for general business unbundling, amidst positive financial profile trends

Jul 9, 2021

Tagged in: Tanzania

Rating action Johannesburg, 09 July 2021 – GCR Ratings (“GCR”) has affirmed The Jubilee Insurance Company of Tanzania Limited’s (“Jubilee Tanzania”) national scale financial strength…

Announcements Insurance Rating Alerts

GCR affirms Kenya Reinsurance Corporation Limited’s International and national scale financial strength rating of B and AA+_(KE), respectively, Outlooks Stable.

Jul 8, 2021

Tagged in: Kenya

Rating action Nairobi, 8th July 2021 – GCR Ratings (“GCR”) has affirmed Kenya Reinsurance Corporation Limited’s (“Kenya Re”) international scale financial strength rating of B.…

Announcements Insurance Rating Alerts

GCR affirms Chubb Insurance South Africa Limited’s national scale financial strength rating of AA_(ZA); Outlook Stable

Jul 5, 2021

Tagged in: South Africa

Rating action Johannesburg, 5 July 2021 – GCR Ratings (“GCR”) has affirmed Chubb Insurance South Africa Limited’s (“Chubb SA”) national scale financial strength rating of…

Announcements Insurance Rating Alerts

GCR assigns Swan Reinsurance PCC – Liberty Health Cell a Kenya national scale financial strength rating of BBB-_(KE); Outlook Stable

Jul 2, 2021

Tagged in: Kenya

Rating action Ebene, 02 July 2021 – GCR Ratings (“GCR”) has assigned Swan Reinsurance PCC – Liberty Health Cell (“Liberty Health Cell”) a national scale…

Announcements Insurance Rating Alerts

GCR affirms Credit Guarantee Insurance Corporation of Africa Limited’s national scale financial strength rating of AA_(ZA); Outlook Stable

Jul 1, 2021

Tagged in: South Africa

Rating action Johannesburg, 1st July 2021 – GCR Ratings (“GCR”) has affirmed Credit Guarantee Insurance Corporation of Africa Limited’s (“CGIC”) national scale financial strength rating…