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GFA Insurance celebrates 25th year milestone with international partners

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International reinsurers as well as top business and insurance industry figures gathered this week for a cocktail at the Labourdonnais Hotel, in Port Louis, on the invitation of Mauritian insurer GFA Insurance.

The event meant to celebrate the company’s solid relationship with its international partners since its journey started 25 years ago.

These include multi-award winning reinsurance broker, J.B.Boda as well as global reinsurers General Insurance Corporation of India (GIC Re) and African Reinsurance Corporation (Africa Re).

“Never have we experienced a claim being rejected, which means two things: GIC Re is a good reinsurer and GFA shows diligence in its underwriting and claims assessment,” joked Abdel Ruhomutally, GFA’s Managing Director.

In recognition to the unblinking relationship with its partners, the founders of GFA, Dr Raouf Ruhomutally and Mr Alaoud Ruhomutally, presented commemorative shields to Rohit Boda, MD of J.B.Boda, Holy Andriambololona of Africa Re and to GIC Re. 

Dr. Raouf Ruhomutally, Founder, GFA Insurance Ltd presenting commemorative shield to Mrs. Holy Andriambololona, Assistant Director, Underwriting & Marketing, Africa Re

Africa Re is ranked 36th in the 2019 Standard & Poor’s Global Reinsurance Groups and 41st in the Top 50 Global Reinsurance Groups by AM Best in 2019. Africa Re’s Financial Strength and Credit Rating is A (Stable) since 2016 and A – (Stable) Standard & Poor’s (since 2009).

Dr. Raouf Ruhomutally and Mr. Alaoud Ruhomutally, Founders of GFA Insurance Ltd, Mr.Rohit Boda, Managing Director, J.B.Boda Insurance & Reinsurance Brokers Ltd, Mr. Abdel Ruhomutally, Managing Director, GFA Insurance Ltd

J.B.Boda is the pioneer of Reinsurance Broking in India and is today the largest and oldest Reinsurance Brokers in India, Asia, Africa, Middle-East, developing countries. It is also the first Indian Multinational Reinsurance Broking House operating for almost eight decades.

GIC Re is an Indian nationalised reinsurance company and operates under the ownership of India’s Ministry of Finance. Ranked 15th largest global reinsurer group, GIC Re has its permanent offices in UK, Malaysia, Russia and U.A.E.

Some snapshots of the event:

From left to right: Aadil Ruhomutally, Deputy MD, GFA, Dr. Raouf Ruhomutally, Founder, GFA, Takoorpersad Seewoodoyal, shareholder, GFA, Saoud Ruhomutally, Director of SR Assure Ltd and Shareholder GFA, Ickbal Adia, MD of Adia Agencies Ltd
From left to right: Percy Rose, Immediate Past President, Insurance Institute of Mauritius, Shiamdass Appannah, Founding Partner, Reinsurance Solutions and Lloyd’s General representative
Mrs. Holy Andriambololona, Assistant Director, Underwriting & Marketing, African Reinsurance Corporation, Mr. Takoorpersad Seewoodoyal, Shareholder, GFA Insurance Ltd
From left to right: Mr Afsar Ebrahim, Executive Director, KICK Advisory Services, Mr Vasish Ramkhalawon, Secretary General, Insurers Association of Mauritius
From left to right: Mrs. Breenda Gungabissoon, Administrative Executive, Insurance Institute of Mauritius, Ms. Shivna Ittoo, Senior Technical Executive, Ellgeo Re, Mrs. Sheila Ujodah, Chief Executive Officer, MIoD
GFA team (From left to right): Amit Maharaja, IT Manager, Vikash Parboteeah, Branch Manager/MLRO, Me Raj Kishore Ramsaha, Independent Non-Executive Director, Tony Li Kam Shun, Finance Manager, Birendranauth Sowambur, Non-Executive Director.

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