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Africa Re Group launches new Subsidiary - Africa Retakaful

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Rating Standard & Poor's (S&P) Press Release for Year 2011

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Rating Standard & Poor's (S&P) Full Report Year 2011

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Rating AM Best for Year 2011

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African Reinsurer Magazine - 25th Edition - 2011

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Regional Offices

Lagos, Nigeria

Lagos, Nigeria

Production Centre Type: Regional Offices
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The Board of Directors of the African Reinsurance Corporation, at its 108th meeting held on 14th April, 2008 at the Hyatt Regency Hotel, Casablanca, Morocco decided to upgrade the West Africa production centre, which had hitherto operated as a department within the head office to a fully fledged regional office to be known as WEST AFRICA REGIONAL OFFICE (LAGOS). The implication of that decision is that, although the regional office will still be based in Lagos, it now has full underwriting autonomy. Mr. K.E.N. AGHOGHOVBIA has been named as the Regional Director of the new production centre.

The West Africa Regional Office will cover markets of the English speaking West African countries, namely, Nigeria, Ghana, Liberia, Sierra Leone and the Gambia and will, for now, be responsible for the portfolios of the African Aviation Pool, the African oil and Energy pool and the special risks window of the Corporation’s business.

Apart from falling in line with the ongoing effort to restructure and diversify the Corporation’s source of income by earning new shares and expanding into new markets, the upgrading of the West Africa department into a regional office is in recognition of the remarkable growth recorded by that production centre whose staffs have already received management commendations.

Profiles of the Managerial staff of West Africa Regional Office

Abdel Nasser Abdel Aziz Mahmoud - Acting Deputy Director, Operations


Mr. Abdel Nasser A. Mahmoud holds a Bachelors degree in Commerce and a Post Graduate Diploma in General Insurance. He is also an Associate of the Chartered Insurance Institute (ACII), London. He has over 18 years experience spanning Egypt Re as Treaty & Facultative Manager and Africa Re as Senior Underwriter before his recent promotion to the level of Assistant Director, Underwriting & Marketing.

Mr. Mahmoud has attended many local and foreign courses in Insurance and Reinsurance and has a good grasp of the job.

Moussa Bakayoko – Assistant Director, Finance & Accounts

Moussa Bakayoko is a graduate of Economics and a Masters Degree holder in Accounting and Finance from the University of Abidjan, Cote d’Ivoire.

He started his career about 2 decades ago as an Audit Trainee with Uniconseil and later moved on to La Protection Ivoirienne as Chief Accountant. He also worked with Unipaci and Chronopost International as Admin & Accounting Manager and Admin & Financial Manager respectively. He joined Africa Re as Financial Controller before his recent appointment as Assistant Director, Finance & Accounts.

Funmi O. Omokhodion (Mrs) –Acting Assistant Director, U/W & Marketing
Funmi Omokhodion is a Linguistics graduate trained from the University of Ilorin, and holds Masters Degree in Business Admin (MBA Insurance). She is also an Associate member of the Chartered Insurance Institute (CII), London.

Her career life, which spans over two decades, began with Africa Re where she rose to the present position of Senior Underwriter, with effect from July 1, 2008. She has attended several courses within and outside the country.


Francis Ooko Opondoh – Life Reinsurance Underwriter

Francis Opondoh holds a B. Sc in Mathematics/Statistics and Masters in Actuarial Science from Nairobi University, Kenya. He is also an Associate Member of The Actuarial Society of Kenya (TASK), Student Member, Faculty of Actuaries and the Chartered Insurance Institute (CII), London.

He has 17 years post 1st degree working experience in both general insurance and life assurance and has worked with Nairobi University as Admin Assistant and later Assistant Life Manager with Kenya Re, before joining Africa Re as Life Underwriter.

Temitope Akinowa (Mrs) – Assistant Oil Underwriter

Temitope Akinowa holds Masters Degree in Business Administration (MBA Marketing) and is also an Associate Member of the Chartered Insurance Institute of Nigeria (CIIN).

Her career started with Cornerstone Insurance where she spent 8 years as Underwriter/Marketer and later became the Head of the Oil & Gas Unit until her recent appointment as Assistant Oil Underwriter with the Corporation.

Mr. Abdel-Naseer Mahmoud
Deputy Director (Operations)
mahmoud@africa-re.com

Mrs. Funmi Omokhodion
Ag. Assistant Director (Underwriting & Marketing)
omokhodion@africa-re.com

Mr. Musa Bakayoko
Assistant Director (Finance & Accounts)
bakayoko@africa-re.com

Mr. Francis Opondoh
Life Underwriter
opondoh.francis@africa-re.com

Mrs. Temitope Akinowa
Oil Underwriter
akinowa.temitope@africa-re.com

Office Location:

Africa Re Building
Plot 1679 Karimu Kotun Street
9th Floor, Victoria Island
PMB 12765 Lagos, Nigeria

Tel: +(234) 1 4616820/4616828/2800924/2800925
Fax: +(234) 1 2800074


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