OUR SECURITY

In line with our Mission Statement, which requires us to test our activities with standards of excellence, we have a robust reinsurance treaty provided by some of the best reinsurers, home and abroad. The treaty is led by African Reinsurance Corporation. African Reinsurance Corporation is rated by A.M. Best and Standard & Poor's,  A- and  BBB+ respectively.

Also, on the treaty are Munich Re Mauritius, the African market representative of one of the leading International Reinsurance Groups in the world, GIC Re and Continental Re.

OUR FINANCIAL STATEMENTS

Please click on the link below to open our financial statements as at 31st December 2006 and 31st  December 2007:

Financial Statements As At 31st December 2006

Financial Statements As At 31st December 2007

OPERATIONAL STRUCTURE

The company is strategically structured thereby ensuring that it can deliver optimal value and service to its stakeholders.

The divisions within the company are as follows:

RETAIL BUSINESS DIVISION – comprised of the Bancassurance Group, Agency Sales Group and Alternate Channels/Products Group.

INSTITUTIONAL BUSINESS DIVISION – this division is comprised of the Corporate Business Group, Energy Group and the Public Sector Group.

TECHNICAL DIVISION – responsible for the General & Special Risks insurance underwriting, Life Assurance underwriting as well as Health & Travel Services operations.    

OPERATIONS DIVISION – handles Retail Processing operations, Information Technology and Settlement Operational activities.

FINANCIAL CONTROL & CORPORATE SERVICES DIVISION – this division is made up of the business support teams such as Financial Control unit, Corporate Services unit and the Project and Strategic Planning unit. 

SYSCON GROUP – this group is responsible for ensuring that the company's systems, processes and business activities are in conformity with established policies, manuals, corporate governance codes and ethics.

MARKETING UNIT – this unit is primarily engaged with the marketing and corporate communication activities of the company.      

INVESTMENT GROUP – the investment group consists of the real estate, research, fixed income and equity investment desks.

STRATEGIC PARTNERS 

 

African Re-insurance Corporation – Lead Reinsurer

o         African Re is the lead provider of reinsurance cover for GTA plc.

o        The firm is rated A- and BBB+ by A.M. Best and Standard & Poor's respectively.  

 

Munich Re-insurance Corporation

o         Munich Re (Mauritius) is a co-reinsurer on the GTA treaty.

o         Its parent company is the biggest re-insurance company in the World.

 

GIC Re (General Insurance Corporation of India)

o         This co-reinsurer on the GTA treaty was incorporated in 1972.

o         Holds the leadership re-insurer position in India.

o         The firm is rated A- and AAA by A.M. Best and Standard & Care respectively.

 

Oracle Med – South African Health Insurance Provider

o        GTA is the sole franchisee of this company in Nigeria. By virtue of our appointment, we now provide an International Health Plan with air ambulance services which is operable across the World.

 

 Mapfre (Special Risk and Travel insurance)

o        Mapfre  Asistencia is an affiliated company of Mapfre Group based in Madrid, Spain which operates in 58 countries. It is the GTA underwriter for Travel Insurance.

o        Mapfre Asistencia has ratings of A+ and A1 by A.M. Best and Moody respectively. In addition it has international quality certification ISO 9001 award.