GCR places various insurance entities ‘under criteria observation’
Rating action Johannesburg, 22 February 2022 – GCR Ratings (“GCR”) has placed various insurance entities under criteria observation (“UCO”). This follows a change in the…
GCR affirms Jubilee Uganda’s national scale rating of AAA(UG), post medical business unbundling and new ownership by Allianz SE; Outlook Stable
Rating action Johannesburg, 31st January 2022 – GCR Ratings (“GCR”) has affirmed The Jubilee Insurance Company of Uganda Limited’s (“Jubilee Uganda”) national scale financial strength…
GCR affirms UAP Old Mutual Uganda’s national scale financial strength rating of A+(UG), Outlook Stable.
Rating action Nairobi, 2nd November 2021 – GCR Ratings (“GCR”) has affirmed UAP Old Mutual Uganda Insurance Limited’s (“UAP Old Mutual Uganda”) national scale financial…
GCR affirms Jubilee Uganda’s national scale rating of AAA(UG) on expected resilience post medical business unbundling and acquisition by Allianz SE; Outlook Stable
Rating action Johannesburg, 19th July 2021 – GCR Ratings (“GCR”) has affirmed The Jubilee Insurance Company of Uganda Limited’s (“Jubilee Uganda”) national scale financial strength…
GCR affirms MUA Insurance (Uganda) Limited’s national scale financial strength rating of A(UG); Outlook Stable.
Rating action Nairobi, 13th July 2021 – GCR Ratings (“GCR”) has affirmed MUA Insurance (Uganda) Limited’s (“MUA Uganda”) national scale financial strength rating of A(UG),…
GCR places African Export-Import Bank’s international scale rating of A- on Positive Outlook
Rating Action Johannesburg, 7 July 2021 – GCR Ratings (‘GCR’) has affirmed African Export-Import Bank’s international scale long term and short term issuer ratings of…
GCR upgrades Uganda Reinsurance Company Limited’s national scale financial strength rating to A+(UG) on improved capitalisation; Outlook Stable
Rating action Johannesburg, 30 June 2021 – GCR Ratings (“GCR”) has upgraded Uganda Reinsurance Company Limited’s (“Uganda Re”) national scale financial strength rating to A+(UG),…
GCR affirms Goldstar Insurance Company Limited’s national scale financial strength rating of A+(UG); Outlook Stable
Rating action Nairobi, 24 June 2021 – GCR Ratings (“GCR”) has affirmed Goldstar Insurance Company Limited’s (“Goldstar”) national scale financial strength rating of A+(UG); Outlook…
Low insurance penetration hamstrings East Africa’s short term insurance sector despite progressive regulatory initiatives
GCR Ratings has published the East Africa Short Term Insurance Bulletin, which discusses GCR’s 2020 short term insurance public credit ratings in Kenya, Tanzania and Uganda, and the 2021 outlook. The bulletin also presents graphic comparatives of financial performance of the sample of public ratings over the period 2015 to 2019.
GCR affirms UAP Old Mutual Insurance Uganda Limited’s national scale financial strength rating of A+(UG), Outlook Stable
Rating action Nairobi, 30 November 2020 – GCR Ratings (“GCR”) has affirmed UAP Old Mutual Insurance Uganda Limited’s (“UAP Old Mutual Uganda”) national scale financial…