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Partners Hannover Reinsurance Africa Limited has majority shareholding in Woodworking Risk Acceptances (Pty) Ltd through a joint venture between their investment arm Lireas Holdings and Mahogany Capital, a private equity company. Woodworking Risk Acceptances places there business through Compass Insurance Company Limited. Compass is a wholly owned subsidiary of Hannover Re Africa and has an A+ rating by Global Credit Ratings.
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