The 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 of the African Development Bank (AfDB), to develop the insurance and reinsurance industry in Africa through increased underwriting and retention capacities, and to support the economic development of the continent.

Ranked 36th in the 2019 Standard & Poor’s Global Reinsurance Groups and 41st in the Top 50 Global Reinsurance Groups by AM Best in 2019, Africa Re has a broad-based shareholding comprising: 42 African member States (34.63%); the African Development Bank (8.38%); 114 African insurance and reinsurance companies (34.94%); and 3 non regional shareholders (23.05%), 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). Africa Re equally has one (1) Local Office in Addis Ababa (Ethiopia), one Underwriting Representative Office in Kampala, Uganda and three (3) Subsidiaries (Africa Re South Africa Limited in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and Africa Re Underwriting Agency Limited in Dubai (The United Arab Emirates)..

As at December 2020, Africa Re wrote US$804.7 million of premium income and realized a net profit of US$55.7 million. Its shareholders’ funds reached US$1.01 billion while its total assets were US$1.8 billion. 

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).

Up to 2% of Africa Re’s annual net profit is used to finance Corporate Social Responsibility initiatives in member countries,

Insurance

African Reinsurance Corporation

African Reinsurance Corporation's headquarters in Lagos, Nigeria

This department manages and processes claims to ensure efficient resolution and support for clients.

Claims Department

This department manages underwriting processes and marketing strategies to ensure effective risk assessment and promotion of insurance products.

Underwriting and Marketing

The Management and Directors team at African Reinsurance Corporation (Africa Re) is responsible for setting the strategic direction and overseeing the execution of the company's objectives. This team ensures effective governance, risk management, and compliance with regulatory requirements while optimizing operational efficiencies. They focus on driving the company's growth through innovative underwriting practices, market expansion, and strengthening relationships with stakeholders. Additionally, they play a key role in supporting the economic development of Africa by enhancing the insurance and reinsurance capabilities across the continent.

Management and Directors

The Finance & Accounting team at African Reinsurance Corporation is responsible for managing the organization's financial operations. This includes overseeing financial reporting, managing reinsurance accounts, handling investments and treasury functions, and ensuring regulatory compliance. The team also works on budgeting, financial planning, and managing accounts payable and receivable, thereby ensuring the financial stability and performance of Africa Re.

Finance & Accounting

The Underwriting and Risk Management team at African Reinsurance Corporation (Africa Re) is responsible for assessing, pricing, and managing risk across various insurance products. They analyze potential clients' portfolios, evaluate risk exposures, develop underwriting strategies, and establish appropriate premium levels to ensure profitability and sustainability. The team also collaborates closely with regional and local offices to tailor solutions specific to different markets within Africa, enabling effective risk retention and mitigation while supporting economic development in the continent.

Underwriting and Risk Management

This department manages financial reporting, compliance, and technical accounting matters.

��

People (0)

Jobs (0)

Other teams

Underwriting and Marketing

Management and Directors

Finance & Accounting

Underwriting and Risk Management

Accounting Services

��������

People (0)

Jobs (0)

Other teams

Underwriting and Marketing

Management and Directors

Finance & Accounting

Underwriting and Risk Management

Accounting Services

��