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 | DATE OF CREATION: 24 February 1976 |
| CLASS OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONES: Africa and Middle East | |
| REGIONAL STRUCTURES: Lagos (Nigeria), Abidjan (Côte d’Ivoire), Casablanca (Morocco), Cairo (Egypt), Nairobi (Kenya), Ebène (Mauritius), Addis-Ababa (Ethiopia), Johannesburg (South Africa), Kampala (Uganda), Dubai (United Arab Emirates) |
Africa Re : contact
| Address: Africa Re Building Plot 1679 Karimu Kotun Street,Victoria Island PMB 12 765 Lagos - Nigeria |
| Tel: +234 (1) 280 09 24 |
| Fax: +234 (1) 280 00 74 |
| Email: info@africa-re.com |
| Website: www.africa-re.com |
Africa Re : Rating
| Agency | Rating | Outlook |
| A.M.Best | A | Stable |
| Standard & Poor’s | A- | Stable |
Africa Re : Main indicators
In thousands USD| 2020 | 2021 | |
| Turnover | 804 774 | 845 346 |
| Shareholder’s equity | 1 017 106 | 1 000 714 |
| Net result | 55 709 | 38 823 |
Read also | Africa Re: 2022 results
Africa Re : Turnover 2021 by class of business
In thousands USD| Premiums | In % | |
| Fire & engineering | 317 210 | 37.52% |
| Motor & accident | 262 180 | 31.01% |
| Oil & energy | 159 406 | 18.86% |
| Marine & aviation | 44 615 | 5.28% |
| Total non life | 783 411 | 92.67% |
| Life | 61 935 | 7.33% |
| Grand total | 845 346 | 100% |
Africa Re : Capital and shareholding
| Shareholders | In % |
| African Development Bank (AfDB) | 8.38% |
| 42 member States | 34.63% |
| 113 African Insurance and Reinsurance companies | 33.94% |
| 3 non-African investors | 23.05% |
Africa Re : Technical ratios
| 2020 | 2021 | |
| Net loss ratio | 61.79% | 58.82% |
| Net management expenses ratio | 36.06% | 36.00% |
| Net combined ratio | 97.85% | 94.82% |
Africa Re : management
| Dr. Mohamed Ahmed Maait | Chairman of the board |
| Dr. Corneille Karekezi | Group managing director, chief executive officer |
| Ken Aghoghovbia | Deputy managing director, chief operating officer |
| David Muchai | Director, finance and accounts |
| Yvonne PALM | Director of risk management and compliance |
Read also | Africa Re: the group activities