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) Ltd. (Johannesburg)
Africa Retakaful Ltd. (Cairo)
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
1 Regional DFI: African Development Banque (AfDB)
97 African Insurance/Reinsurance companies
4 Non-Regional 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