We strive to have our client at the centre of everything we do. Working closely with our clients to understand their strategic and operational goals enables us to deliver a customised range of solutions that promote mutually beneficial growth and success. In this way we make a valuable contribution to the availability of local capacity, in line with our strategic objective to discourage the flight of premiums off the continent.
As a wholly owned subsidiary of the African Reinsurance Corporation, Africa Re South Africa (ARCSA) is responsible for writing both treaty and facultative business in South Africa, Lesotho, Botswana, Swaziland and Namibia. ARCSA opened as a representative office in 1995 and delivers reinsurance solutions for all classes of business. It was incorporated in late 2003, and commenced business in 2004 as a separately capitalised subsidiary.
ARCSA is regulated by the joint regulatory regime of the South African Reserve Bank Prudential Regulation Authority (PRA) and the Financial Conduct Authority via FSB.
Africa Re Group provides parental guarantee to the African Reinsurance Corporation (South African) Limited.
Expertise Non-executive Deputy Chairman
Non-executive Deputy Chairman
Dr Corneille KAREKEZI rose to the current position of Group Managing Director / Chief Executive Officer of Africa Re in July 2011 after a transitional period of 2 years during which he served successively as Deputy Managing Director and Deputy Managing Director / Chief Operating Officer. Between 2003 and 2005 he served on the Board of Africa Re.
His professional career started in 1991 as Chief Accountant /Reinsurance Manager of the leading insurance company in Burundi (SOCABU s.m.), where he rose to the position of Head of the Finance Department. In 1995, he joined the leading insurance company in Rwanda (SONARWA s.a.) as Deputy Head of the Commercial & Technical Department. From 1996, he successively headed all the Technical Departments (Motor, Fire, Accidents & Miscellaneous Risks and Life) and was appointed Deputy Managing Director in early 2001. In February 2008, he was appointed Chief Executive Officer of SONARWA s.a.
Dr KAREKEZI holds a Bachelor’s degree in Economics (Burundi), Postgraduate diplomas in Business Administration (UK), a Master’s degree in Management (Burundi), an Honorary Doctorate in Business Administration (UK) and a Doctorate in Business Administration (France). He speaks fluently English, French, Swahili and other African languages.
Since 1996, he has contributed significantly to the development of the insurance / reinsurance industry in Africa through his involvement and leadership in various national, regional and continental initiatives and organizations. He has equally participated actively as speaker in seminars, conferences, symposia and other fora across the world.
He has served as Chairman and member of various governing bodies of financial institutions in Africa. He is currently the Vice Chairman of Africa Re (South Africa) Limited, Vice Chairman of Africa Retakaful Company (Egypt) and a Member of the Executive Committee of the African Insurance Organization (AIO) where he chairs the Finance Committee.