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Compania Reaseguradora del Ecuador S.A. (Ecuador)

Main Activities: Insurance Carriers
Full name: Compania Reaseguradora del Ecuador S.A. Profile Updated: October 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Compania Reaseguradora del Ecuador S.A., also known as "EcuaRe," is a prestigious reinsurance company located in Guayaquil, Ecuador. It was established in 1977 by several insurance executives and is composed of twelve Ecuadorian insurance companies. In 1995, Dr. Eduardo Peña Triviño assumed the position of General Manager, which he held until 1995. From 1996 onwards, the position has been held by Ing. Omar Espinosa Romero, who remains in the role to this day. In 2016, Hannover RE, through Funis GMBH & CO. KG, acquired 30% of the shares of Reaseguradora del Ecuador, strengthening its position in the current market and providing support for its growth strategy. EcuaRe's main activity is the acceptance of Automatic and Facultative Reinsurance with almost all insurance companies and reinsurance intermediaries in the country.

Headquarters
Av. Rodrigo Chavez y Av. Juan Tanca Marengo, Edif. Empresarial No. 3, Oficina No. 5
Guayaquil; Guayas; Postal Code: 090507

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Website: http://www.ecuare.com/

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Incorporation Date:
December 29, 1976
Key Executives
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President
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Chairman
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
Ownership Details
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30%
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24.41%
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21.22%
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7.01%
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5.18%
Subsidiaries
Continental Tire Andina S.A.
1.45%
Retratorec S.A.
0.63%
Holcim Ecuador S.A.
0.1%
Company Performance
Financial values in the chart are available after Compania Reaseguradora del Ecuador S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
14.48%
Net fee and commission income
-6.94%
Operating profit (EBIT)
-54.29%
Net Profit (Loss) for the Period
-62.61%
Total assets
7.95%
Investments
1.6%
Receivables
6.29%
Total equity
2.85%
Net Premiums Earned Trend
7.11%
Net Profit Trend
-61.55%
Return on Equity (ROE)
-4.23%
Loss Ratio
-3.73%
Underwriting Expenses Ratio
-0.11%

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