Following a recommendation by the ADB, the African Reinsurance Corporation (AFRICA RE) was established on 24th February, 1976 by the signing in Yaoundé, Cameroon, of an international Agreement by the Plenipotentiaries of 36 member States of the Organization of African Unity (OAU) and the said Bank with the aim of reducing the outflow of foreign exchange from the continent by retaining a substantial proportion of the reinsurance premiums generated therein... more »
Head Office: Lagos, Nigeria
Regional Offices: Abidjan, Cairo, Casablanca, Lagos, Nairobi, Port Louis
Contact Office: Addis Ababa (Ethiopia)
Subsidiaries:
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
