Research
Credit Reports
Over 1500 reports, spanning 22 countries, detailing GCR’s opinion regarding the creditworthiness of an entity, a security or financial instrument, or an issuer of securities or financial instruments.
Industry Reports
A collection of publications, providing you with key industry analysis and insights across various geographical regions.
Monitoring Updates
Dashboards exhibit key performance metrics related to Structured Finance transactions publicly rated by GCR, which include credit enhancement levels, excess spread, defaults, recoveries and covenants.
| Filename | 2022_09_Activa-Ghana.pdf |
| Filesize | 350.24 KB |
| Version | paid report |
| Date added | September 28, 2022 |
| Category | Credit Rating Reports, Insurance |
| Tags | Ghana |
The insurer started operations in January 2005 as Global Alliance Insurance Company Ltd and is licensed to write short term general insurance business. The parent company of Global Alliance was Global Alliance Holdings, a company incorporated in the Isle of Man, headquartered in South Africa. In 2009, Activa Assurance Limited acquired 100% of the insurer’s holding, after which the company began trading as Activa International Insurance Company Limited (Ghana). Activa Ghana is a member of the Globus Network of insurance companies in Africa. The network (currently comprising 46 members in different African countries) was established by the holding company in 2007, with the purpose of providing insurance solutions for multi-nationals operating across the African continent. In FY15, with the aim of achieving a more efficient group structure, Activa Assurance Limited transferred ownership of Activa Ghana to Activa Finance, a holding company incorporated in Mauritius. 91.8% of the company’s shares are now held by Activa Finance (FY21: 88%) and various directors and managers of the company.