Insurance – GCR

GCR affirms Alliance Insurance Corporation Limited’s national scale financial strength rating of A+_(TZ); Outlook revised to Positive

Nov 23, 2021

Rating action Johannesburg, 23 November 2021 – GCR Ratings (“GCR”) has affirmed Alliance Insurance Corporation Limited’s (“Alliance”) national scale financial strength rating of A+(TZ), with…

Announcements Insurance Rating Alerts

GCR places Jubilee Life Insurance Limited’s national scale financial strength rating of AA-_(KE) on ‘Review Extension’

Nov 19, 2021

Rating action Johannesburg, 19 November 2021 – GCR Ratings (“GCR”) has placed Jubilee Life Insurance Limited’s (“Jubilee Life Kenya”) national scale financial strength rating of…

Announcements Insurance Rating Alerts

GCR affirms First Mutual Reinsurance Company Limited’s national scale financial strength rating of BBB_(ZW) and withdraws rating

Nov 19, 2021

Rating action Johannesburg, 19 November 2021 – GCR Ratings (“GCR”) has affirmed First Mutual Reinsurance Company Limited’s (“First Mutual Re”) national scale financial strength rating…

Announcements Insurance Rating Alerts

GCR affirms Grand Reinsurance Company (Private) Limited’s national scale financial strength rating of AA+_(ZW); Outlook Stable

Nov 18, 2021

Rating action Johannesburg, 18 November 2021 – GCR Ratings (“GCR”) has affirmed Grand Reinsurance Company (Private) Limited’s (“Grand Re”) national scale financial strength rating of…

Announcements Insurance Rating Alerts

GCR affirms Zimnat Lion’s national scale financial strength rating of AA+_(ZW); Outlook Stable

Nov 16, 2021

Tagged in: Zimbabwe

Rating action Johannesburg, 16 November 2021 – GCR Ratings (“GCR”) has affirmed Zimnat Lion Insurance Company Limited’s (“Zimnat Lion”) national scale financial strength rating of…

Announcements Insurance Rating Alerts

GCR Upgrades Phoenix Tanzania’s national scale financial strength rating to AA_(TZ), from AA-_(TZ) on sustained financial profile strength, Outlook Stable.

Nov 15, 2021

Tagged in: Tanzania

Rating action Nairobi, 15th November 2021 – GCR Ratings (“GCR”) has upgraded Phoenix of Tanzania Assurance Limited’s (“Phoenix Tanzania”) national scale financial strength rating to…

Announcements Insurance Rating Alerts

GCR downgrades Zimnat Life’s national scale financial strength rating to A-_(ZW), from A_(ZW), following sustained earnings pressure; Outlook Stable

Nov 11, 2021

Tagged in: Zimbabwe

Rating action Johannesburg, 11 November 2021 – GCR Ratings (“GCR”) has downgraded Zimnat Life Assurance Company Limited’s (“Zimnat Life”) national scale financial strength rating to…

Announcements Insurance Rating Alerts

GCR affirms Santam Limited’s international and national scale financial strength ratings of BB+ and AAA_(ZA) respectively; Outlooks revised to Stable from Negative on solvency resilience

Nov 10, 2021

Tagged in: South Africa

Rating action Johannesburg, 10 November 2021 – GCR has affirmed Santam Limited’s (“Santam”) international scale financial strength rating of BB+, with the Outlook revised to…

Announcements Insurance Rating Alerts

GCR assigns FM Re Botswana public national scale financial strength ratings for various countries, and a public international scale financial strength rating.

Nov 9, 2021

Tagged in: Botswana | Eswatini | Mozambique | Namibia | Zimbabwe

Rating action Johannesburg, 09 November 2021 – GCR Ratings (“GCR”) has assigned FMRE Property & Casualty (Proprietary) Limited (“FM Re Botswana”) public national scale financial…

Announcements Insurance Rating Alerts

GCR affirms GA Insurance Limited’s national scale financial strength rating of A+_(KE); Outlook Stable.

Nov 2, 2021

Tagged in: Kenya

Rating action Nairobi, 2nd November 2021 – GCR Ratings (“GCR”) has affirmed GA Insurance Limited’s (“GA Kenya”) national scale financial strength rating of A+(KE), with…