Standard & Poor’s reaffirms the A- rating of the Africa Re Group

The rating is a reflection of the business risk profile of Africa Re, which has a strong franchise across Africa with

solid market shares in key African markets, well-diversified premium and a strong operating performance. The

rating also mirrors the financial risk profile of the corporation characterized by strong capitalization and excellent

liquidity and other factors such as satisfactory management and governance as well as adequate and improving

enterprise risk management.

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