We are also committed to providing training to all our clients. Our team is composed of highly qualified and experienced people who have the capacity to deliver technical training.
We also tap into the Group’s skills resources comprising of a panel of experts who have vast exposure to regional and international markets.
Our clients benefit from training in the following areas:
»Facultative underwriting practice per class of business
»Actuarial input of various levels.
»Thorough underwriting guidelines and rating per class business
»Risk Management Services
»Claims Management and Reserving Methodology
Grand Re Life Reinsurance is here to complement primary/retail insurance businesses. We offer reinsurance support to our clients thereby increasing their capacity to write more business and achieve economies of scale in a cost-effective manner, while maintaining their financial solvency.
Beyond that we work closely together with our clients in product development and pricing, efficient underwriting of substandard risks and providing general risk management services. Our reassurance to our clients is that we have the same commitment to excellence as they do and the resources to back it up.
At Grand Re we strive to give our clients the best customer experience in minimizing and preventing their losses. From traditional reinsurance, comprehensive services and consulting to complex risk solutions and special fields such as marine and aviation, we are the perfect reinsurance partner. With the confidence in our strong balance sheet we are in the Science of balancing risk with assured confidence through our Treaty Reinsurance, Facultative Reinsurance and Risk Management Solutions.
We cover all classes of business such as:
Facultative Reinsurance We are in business to prevent losses and to provide sound financial security to our clients. Each and every one of our clients faces unique risks from the others and it is our philosophy that solutions are directed at preventing the losses from the exposures our clients face.
Our Facultative division offers competitive tailor made risk management and loss protection packages for all our clients. Where treaty arrangements may not be enough to cover the given risks, risks fall outside the scope of existing treaties or the client does not want to use the existing treaties for one reason or the other, our Facultative reinsurance division has got you covered.
We boost in having a team of people who are technical and understand the role of reinsurance, they have the best skills and technical knowledge to give you the best risk management and loss prevention solutions that are fairly priced, give the best experience of covering risk, in the entire market. We are also backed up by our sound financial status and the support from the Insurance Family from which we come from, that is, the Masawara Insurance Group.
Treaty Reinsurance For whichever class of policies, our Treaty arrangements are designed to give clients the maximum cover for the risk passed to us, for all policies that are covered by the treaty. Our aim is to give the client what they need; we tailor make treaty programs to give the best cover you can get.
Our treaty reinsurance arrangements come in two forms
Quota share reinsurance: .
Non proportional treaty
Non proportional treaty arrangements may be in the form of:
A per risk cover.
Per risk covers
A per event covers
We always acknowledge that our clients are unique, so are the risks they are exposed, that is why we all tailor make our products to adequately cover each client’s risk. The world is dynamic, new and complex challenges and risks are emerging every day. Companies increasingly need a strong partner to help reduce their risks, cover them against losses and safeguard their financial security. At GrandRe our promise is to give the best Risk Management Solutions to our clients to help them carry on with their day to day and long term operations with the confidence that their risk is well balanced with assured confidence. We are constantly working on improving our technical expertise so that we serve our clients better.
Grand Re commenced operations in 2005 providing reinsurance solutions to cover all short term business.It is a wholly owned subsidiary of TA holdings and part of a bigger insurance group and enjoys stability and security offered by this association of companies with a wealth of experience.
We provide sound reinsurance and financial services to Zimbabwe and entire African Insurance market. Over the years we have shown excellent service in the markets we serve.
Our reassurance to our clients is that we have the same commitment to excellence as they do and the resources to back it up. At Grand Re we are Refocusing, Reinforcing and Revolving the risk transfer mechanisms.
“Confidence in our capability”
Grand Reinsurance is wholly owned by TA HOLDINGS LIMITED (TA) which is an investment company that invests in companies that are making or have the potential to make a positive difference to the future of Africa.TA Holdings currently has interests in the hospitality, insurance and agrochemical, asset management and distribution industries.It seeks very profitable long-term equity investments and ardently looks for business with excellent capital appreciation as well as businesses that generate consistent or growing cash flows. TA targets privatisation opportunities, equity partnerships in lucrative opportunities, businesses requiring expansion capital and sizeable private equity investments.They also work alongside management in management buyouts..
Information worth knowing about the latest
Board Meetings dates
Group Contacts & Services
Zimnat Lion; Zimnat Life; Generation Health; Sable; BIC; LAC;
As you are aware ,following our acquisition of 100% of the Company ,Sanlam emerging Markets Pvt Limited (SEM), subsequently acquired 40% of our shareholding .Accordingly the beneficial of shareholders of the Company are now Masawara Plc .(60%) and SEM (40%).
Pursuant to the arrangements between Masawara and SEM as beneficial shareholders, we advise of the following changes to the board of the Company,effective immediately.
|NAME OF THE NEW APPOINTEE||SHAREHOLDER REPRESENTED|
|Tatenda Katoma||Ex-officio-Managing Director|
The Executive Management is responsible for the operational management of the Grand Reinsurance in-line with the instructions issued by the Board of Directors. Their task is to ensure that the company operations are aligned with the objective of becoming the reinsurer of first choice in the market we operate. They are also responsible for overall strategy and stakeholder management.
Managing Director:Tatenda Katoma
Tatenda Katoma is a Certified Risk and Compliance Professional (IARCP) and holds a Bachelor of Commerce degree in Risk Management from the University of South Africa and a Masters’ degree in Business Admission (MBA) from ESAMI. Before joining Grand Reinsurance, Tatenda worked for AON Reinsurance Brokers and FBC Reinsurance.
General Manager-Operations :Tinashe Marufu
Tinashe Marufu holds an MSc in Finance and Investments and a Bachelor of Commerce degree in Risk Management & Insurance from the National University of Science and Technology. Tinashe also holds an Associateship Diploma with IIZ.
Finance Manager:Hazel Zimbowora
Hazel Zimbowora is a Chartered Accountant. She completed her articles of clerkship with PwC Zimbabwe and holds a Bachelor of Accountancy Degree from Africa University and a Honours in Bachelor of Accounting Science (BCompt Honours) as well as a Postgraduate Diploma in Accounting Sciences from the University of South Africa. Before joining Grand Reinsurance, Hazel did Articles with Price Waterhouse Coopers and also worked for Mashonaland Tobacco Company.
At Grand Reinsurance we believe in sustainable development, economic development that is conducted without depletion of natural resources. We believe that as much as we may want to develop as a company and as a nation we need not compromise the ability of future generations to meet their own needs. As a company we are on a drive to go green by reducing on printing. We are also on an initiative to make use of cloud computing and other technologies for our document management systems and workflows. We promote lifelong learning for our employees, eradication of poverty, gender equality and empowerment of women and girls.
|MISSION STATEMENT||To provide the retail insurance market with secure and reliable reinsurance capacity and be a responsive partner in the provision of comprehensive risk management solutions|
|VISION||To be the reinsurer of first choice in the market that we operate in|
»Empowerment and Development
GrandRe is full of awesome people who give it their all in serving our clients. The team priorities developing and maintaining good relationships amongst themselves and with the clients to ensure a sustainable future. We work hard, but we don’t take ourselves too seriously, we enjoy what we do.