Business and Services
Publications
Business and Services
The African Reinsurance Corporation, backed by highly rated retrocessionaires coupled with a distinct shareholding structure made up of 41 African States, 98 African Insurance companies and globally recognized Development Financial Institutions, provides much needed capacity and assistance to the African Insurance sector by means of first class reinsurance protection in the following broad classes of business: Fire/Engineering, Oil & Gas, Motor/Accident, Marine, Aviation and Life. This is achieved through a network of offices located in Casablanca, Nairobi, Abidjan, Mauritius, Johannesburg, Cairo, Lagos and Addis Ababa.
Fast Facts about Africa Re
Established: 24 February, 1976
African Reinsurance Corporation, South Africa, Johannesburg
Africa Retakaful, Cairo, Egypt
Head Office: Lagos, Nigeria
Regional Offices: Abidjan, Cairo, Casablanca, Lagos, Nairobi, Port Louis
Contact Office: Addis Ababa (Ethiopia)
Subsidiaries:African Reinsurance Corporation, South Africa, Johannesburg
Africa Retakaful, Cairo, Egypt
Membership:
States: 41 member countries of the African Union
National companies: 107 insurance/reinsurance companies
Non-regional investors: 5 DFIs (AfDB, IFC, DEG, FMO, PROPARCO)
Shareholders Equity: USD 280.40m
Net Profit (2009): USD 44.30m
Gross Written Premium (2009): USD 536.38m
Publications: The African Reinsurer
Official Languages: French & English