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Filename | Liberty-Health-Cell-Public-Credit-Report-Feb-2023.pdf |
Filesize | 272.51 KB |
Version | paid report |
Date added | February 20, 2023 |
Category | Credit Rating Reports, Insurance |
Liberty Health Cell is wholly owned by Liberty Health, which in turn is 100% owned by LHL. The ultimate holding company is Standard Bank of South Africa. Liberty Health cell operates as a third-party cell under Swan Reinsurance PCC’s (Swan Re) licence and provides reinsurance cover for Liberty co-branded health insurance products that are sold through local insurance or reinsurance partners across a number of Sub-Saharan African countries. To be able to offer these products to their policyholders, cedants need to reinsure a portion of the business into Liberty Health Cell (typically between 40% and 60%). The products are designed by Liberty Health, which is also responsible for the pricing and underwriting in exchange for administration fees.