Swan Reinsurance PCC - Liberty Health Cell (Feb 2023)

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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.