Insurance – GCR

Insurance

GCR affirms Namibia National Reinsurance Corporation Limited’s respective international and national scale financial strength ratings of B+ and AA-_(NA); Outlooks Stable

Nov 29, 2021

Tagged in: Namibia

Rating action Johannesburg, 29 November 2021 – GCR Ratings (“GCR”) has affirmed Namibia National Reinsurance Corporation Limited’s (“NamibRe”) respective international and national scale financial strength…

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 NamibRe’s international and national scale financial strength ratings of B+ and AA-_(NA); Outlooks Stable

Nov 16, 2020

Tagged in: Namibia

Rating action Johannesburg, 16 November 2020 – GCR Ratings (“GCR”) has affirmed Namibia National Reinsurance Corporation Limited’s (“NamibRe”) national scale financial strength rating of AA-(NA).…

Announcements Insurance Rating Alerts

GCR upgrades NamibRe’s national scale financial strength rating to AA-_(NA), on sustained improvement in earnings; Outlook Stable

Dec 18, 2019

Tagged in: Namibia

Rating Action Johannesburg, 18 December 2019 – GCR Ratings (“GCR”) upgraded Namibia National Reinsurance Corporation Limited’s (“NamibRe”) national scale financial strength (formerly claims paying ability)…

GCR's RESPONSE TO COVID-19

GCR continues to monitor the ever-evolving situation surrounding the COVID-19 pandemic. The health and well-being of our staff members and all our stakeholders is of the utmost importance to us.

GCR has taken a number of precautionary measures to minimise the likelihood of transmission and impact, while our staff members have been strongly encouraged to work remotely from home.

GCR has in place secure technological platforms that will enable the best possible remote engagements with our rated issuers, the investor community and all other market participants.

GCR continues to actively monitor the countries, sectors and issue(r)s within its ratings universe, and will continue to provide timely and accurate credit ratings, alongside useful credit research regarding market developments.

GCR thanks you for your continued support and trust, particularly in these challenging times.