GFA Insurance celebrates 25th year milestone with international partners

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. 

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).

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: