Contact Details:
Head Office
address
Gamstar Insurance Co. Ltd. (Gambia)
Bai Ndongo Faal (Managing Director / CEO)
79 Daniel Goddard Street
P. O. Box 1276
Banjul
Telephone number:
4226021, 4223762
4228610, 4224073
4227866, 4225069
Fax:
4229755
Email:
bnfaal@gamtel.gm
Authorized capital: D20,000,000
Paid up capital: D15,510,600 (On 14/3/06)
Employees: 44
Auditors: Deloitte & Touché
Legal Adviser: Ida D. Drammeh &
Associate
Net Assets: of D21,187,000 (2005)
Primary
Business Activity:
Underwrite all classes of Non-life
Insurance
Re-insurers:
Munich Mauritius,
Best Reinsurers,
Ghana,
Continental,
Mainstream.
Serrekunda Branch:
Sayer Jobe Ave
Tel: 4395374
Brikama Branch:
Opposite Gamtel Office
Tel: 4484609
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Gamstar Savings & Credit
Tel: +220 4485438 (Brikama)
Bakau & Serrekunda
Life & Health Assurance Co. Ltd.
GLHACO
17 OAU Boulevard
Banjul
Tel: +220 4226634
4225069
4202600
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Company Profile:
Gamstar
Insurance Company was incorporated in Gambia in 1991 and has since become one of
the
leading
insurance companies in the Gambia. It is a wholly private owned
company with Gambian shareholders. Gamstar Ltd. is a
holding company with two subsidiaries namely Gamsavings and GLHACO.
The company's mission statement is to provide quality
insurance and financial services to individuals and businesses and
always strive to be the best. In order to achieve this, it is
focusing on increasing customer satisfaction through maintenance of
service excellence, total commitment and affordable prices with a
track record of fast settlement of claims.
Over the years, Gamstar has developed a formidable workforce
comprising of qualified, experienced and well motivated staff both at
the top and middle management levels. This makes it possible for
Gamstar to handle the most difficult situation with ease.
Gamstar has put in place a sound Reinsurance portfolio handled by
consortium of Re-insurers led by Africa Reinsurance Corporation which
is currently rated 'BBB+' by Standard and Poor’s London, an indication
of a very good competitive position, good operating performance and
strong capitalisation.
As part of its corporate social responsibility, Gamstar has
contributed significantly to the development of
sports in the Gambia.
They have sponsored major events such as football,
athletics, golf,
cycling etc. They have also sponsored some major Cultural events.
The company is the major insurer for many of the major Institutions in the
Gambia. It claims this is because of the way they handle their business and their reputation for
speedy settlement of claims.
Gamstar's director, Bai Ndongo Faal, is a member of the
Academic Board of WAII (2007) and the company is a member of the
International Insurance Institute.
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