Partner African Reinsurance Corporation

African Reinsurance Corporation

African Reinsurance Corporation

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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. Its mission is to foster the development of the insurance industry in Africa and thereby support African economic development.

Africa Re, the pan-African Reinsurer

The African Reinsurance Corporation (Africa Re) is the premier regional reinsurance institution established in February 1976 by member states of the then Organisation of African Unity (now African Union). Its mission is to foster the development of the insurance industry in Africa and thereby support African economic development.

Africa Re has its Headquarters in Lagos (Nigeria) and runs its operations through:

  • Six Regional Offices across Africa: Casablanca (Morocco), Cairo (Egypt), Lagos (Nigeria), Abidjan (Côte d’Ivoire), Nairobi (Kenya), and Ebène (Mauritius);
  • Two Subsidiaries: African Reinsurance Corporation South Africa Limited (ARCSA) in Johannesburg (South Africa); Africa Retakaful Company in Cairo (Egypt);
  • One Underwriting Office in Kampala (Uganda);
  • One Local Office in Addis Ababa (Ethiopia); and
  • Africa Re Underwriting Management Agency Limited, Dubai (United Arab Emirates).

It provides reinsurance capacity for both life and non-life policies to its clients in over 60 countries spread across Africa and selected markets in Brazil, Asia and the Middle East. Africa Re Group is rated “A” (Stable Outlook) by A.M. Best and “A-” (Stable Outlook) by Standard and Poor’s. Both ratings attest to the strength of the Corporation’s security on an international scale.

Africa Re is ranked among the Top 40 Global Reinsurers and among the Top 50 Global Reinsurance Groups by Standards and Poor’s and AM Best respectively.