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Rating upgraded from BBB+ to A-


[Abidjan] [ Cairo] [Casablanca] [Johannesburg] [Port Louis]
[Nairobi][Lagos]

Welcome to Africa Re  
The purpose of AFRICA RE, as defined in Article 3 of the Agreement Establishing the Corporation is "to foster the development of the insurance and reinsurance industry in Africa,to promote the growth of the national,regional and sub-regional underwriting and retention capacities and to support African economic development". ::. More
Papers

::Africa Re rating upgrade and our underwriting approach : We are still celebrating our well deserved S & P’s rating upgrade from BBB+ to A- in June 2009. Whilst we congratulate Management for assiduously arguing the case for an upgrade the arduous journey to this historic point is still fresh in our minds. By Ms Elizabeth Amadiume

::Key benefits of risk survey for reinsurers : Risk is an ingredient of human life. How best to live with it is a challenge for every individual and indeed every enterprise. The world we live in continues to change rapidly presenting both risk and reward. By Mr.Shimelis Belay

::Parametric Insurance: General market trends and perspectives for the African Insurance Sector By Hector Ibarra, Assistant Vice President, Insurance Linked Securities, PartnerRe New Solutions Inc.

 

 

 

 

 
What's New?  

Africa Re Group launches new Subsidiary - Africa Retakaful

 

 

 
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Fast Facts About Africa-Re
Established: 24 February, 1976

Head Office: Lagos, Nigeria

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

Subsidiary: African Reinsurance Corporation, South Africa, Johannesburg

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

 

 
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