Welcome

Corporate History

The African Reinsurance Corporation (Africa Re) was established on 24 February, 1976 in Yaounde, Cameroon following a recommendation of the African Development Bank (AfDB). An international Agreement was signed by the Plenipotentiaries of 36 member States of the Organization of African Unity (OAU) and the AfDB 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 »

What is New?

The 34th Annual Ordinary Meeting of the General Assembly of Africa Re will be held in Rabat, Morocco on 21 June 2012. To register online click first on Investor Information and then on AGM Registration.
The 123rd meeting of the Board of Directors of the African Reinsurance Corporation will be held on 19 June 2012 in Rabat, Morocco.
H.E. Ernest Bai KOROMA, nominates Mr. Bakary H. KAMARA, former Group MD/CEO of Africa Re, as Grand Officer of the Order of the Republic of Sierra Leone for his outstanding contribution to the development of the African continent. Click on the link below.

Information Bulletin on the Kingdom of Morocco

download » 09.05.12 | 310.94 KB | PDF

Mr. Bakary H. KAMARA, nominated Grand Officer of the Order of the Republic of Sierra Leone by H.E Ernest Bai KOROMA.

download » 07.05.12 | 202.73 KB | PDF

Fast Facts about Africa Re

Established: 24 February, 1976, Yaounde, Cameroon

Head Office: Lagos, Nigeria

Regional Offices: Abidjan, Cairo, Casablanca, Lagos, Nairobi, Port Louis

Contact Office: Addis Ababa (Ethiopia)

Subsidiaries:
African Reinsurance Corporation (South Africa) Ltd. (Johannesburg)
Africa Retakaful Ltd. (Cairo)

Membership:
41 member countries of the African Union
African Development Bank (AfDB)
101 African Insurance/Reinsurance companies
4 DFIs: IFC, DEG, FMO, PROPARCO

Authorized Capital: US$ 500 million

Paid-up Capital: US$ 199 million (end 2010);US$ 300 million (Est. end 2012)

Shareholders' Equity: US$ 344 million (end 2010);US$ 600 million (Est. end 2012)

Net Profit : US$ 65 million (2010)

Gross Written Premium: US$ 628 million

Publications: The African Reinsurer, The Risk Watch

Official Languages: French & English

Quick Click

» View Annual Report
» Financial Statements
» Brief Commentary
» Sitemap