African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company and the largest reinsurer in Africa in terms of net reinsurance written premiums.
Africa Re was set up by 36 African states in 1976, following a recommendation by the African Development Bank (AfDB), with the mission of developing the insurance and reinsurance industry in Africa through increased underwriting and retention capacities, and support to African economic development.
Ranked 38th in the 2018 Standard & Poor’s Global Reinsurance Groups and 41st of the Top 50 Global Reinsurance Groups by AM Best in 2018, Africa Re has a broad-based shareholding: 41 African member States (33.59%); the African Development Bank (8.42%); 111 African insurance and reinsurance companies (33.84%); and 3 non regional shareholders (23.15%), including leading global insurers and reinsurers from France (AXA), Canada (FAIRFAX) and Germany (ALLIANZ SE).
With headquarters in Lagos (Nigeria), Africa Re operates through six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius), one (1) Local Office in Addis Ababa (Ethiopia) and one (1) Underwriting Representative in Kampala (Uganda). It also has two (2) Subsidiary Companies (Africa Re South Africa Limited and Africa Retakaful) in Johannesburg (South Africa) and Cairo (Egypt) respectively.
In 2017, Africa Re wrote US$746.8 million of premium income and realized a net profit of US$87.9 million. Its shareholders’ funds reached US$902 million while its total assets were US$1,628.5 million.
The Financial Strength and Credit Rating of Africa Re is A (Stable) by A.M. Best Company (since 2016) and A – (Stable) Standard & Poor’s (since 2009).
Besides its dedication to professional insurance capacity building and technical assistance to African insurers, Africa Re participates in the equity of major regional development institutions: Africa Export-Import Bank (AFREXIMBANK), Shelter Africa, African Trade Insurance Agency (ATI), Preferential Trade Area Bank (PTA Bank) and invests significantly in African financial markets.
Up to 2% of Africa Re’s annual net profit is used to finance Corporate Social Responsibility initiatives in member countries with a focus on risk management for development.
Plot 1679 Karimu Kotun Street
Victoria Island P.M.B. 12765 Lagos
Nigeria
Expertise Director of Communications & Public Affairs
Director of Communications & Public Affairs
Mr Roger BONG BEKONDO is a seasoned professional with a rich national and international experience. He is a trained translator-interpreter (Masters in Interpretation -1995- and Masters in Translation -1990) and holds an Executive MBA (2008) from the East and Southern African Management Institute (ESAMI), Arusha, Tanzania. His international career (Africa Re, Lagos, Nigeria, since 2008, and the United Nations International Criminal Tribunal for Rwanda -UNICTR- from 2004 to 2008) was preceded by a solid career in his home country, Cameroon, where he served at the Presidency of the Republic from 1996 to 2004, and at the Ministry of Finance from 1991 to 1996.
On 1 July 2024 he was appointed Director, Communications and Public Affairs at the African Reinsurance Corporation (Africa Re). His main activities within the Africa Re Group consist in supervising the Communications & Public Affairs Department; he is responsible for Corporate Communications, Host Countries Engagement, Protocol Services, Consular & Visa matters, Travel Logistics, Language Services, Records Management and Corporate Social Responsibility (CSR), etc.
