Africa Re - African Reinsurance Corporation
 | DATE OF CREATION: 24 February 1976 |
| CLASSES OF BUSINESS: Life and non-life | |
| MAIN UNDERWRITING REGIONS: Africa and Middle East | |
| CONTACT: Africa Re Building Plot 1679 Karimu Kotun Street, Victoria Island PMB 12765 Lagos - Nigeria | |
| Tel: +234 (1) 280 09 24 | |
| Fax: +234 (1) 280 00 74 | |
| Email: info [at] africa-re [dot] com | |
| Website: www.africa-re.com |
Africa Re: Main indicators in USD
in USD| 2017 | 2018 |  | |
| Turnover | 746 829 000 | 797 415 000 | |
| Shareholder’s equity | 902 039 000 | 917 047 000 | |
| Net result | 87 982 000 | 31 269 000 |
Africa Re: Turnover 2018 by class of business
| Premiums | In % | |
| Accident and motor | 259 455 000 | 32.54% |
| Fire and engineering | 323 760 000 | 40.60% |
| Marine and aviation | 50 385 000 | 6.32% |
| Oil and energy | 111 805 000 | 14.02% |
| Total non-life | 745 405 000 | 93.48% |
| Life | 52 010 000 | 6.52% |
| Grand total | 797 415 000 | 100% |
 | ||
Africa Re: Capital and shareholding
| Shareholders | In % |
| 41 Member States | 35% |
| African Development Bank (AfDB) | 8% |
| 112 African insurance and reinsurance companies | 34% |
| 3 Non-African investors | 23% |
 | |
Africa Re: Net technical ratios
| 2017 | 2018 | |
| Loss ratio | 60.41% | 61.07% |
| Management expenses ratio | 34.46% | 35.86% |
| Combined ratio | 94.87% | 96.93% |
 | ||
Africa Re: Management
| Hassan Boubrik | Chairman of the board |
| Corneille Karekezi | Group managing director, chief executive officer |
| Ken Aghoghovbia | Deputy managing director, chief operating officer |
| Seydou Kone | Director of finance and accounts (DFA) |
Africa Re: Regional structures
| Lagos | Nigeria | Ebene | Mauritius |
| Abidjan | Côte d’Ivoire | Addis-Abeba | Ethiopia |
| Casablanca | Morocco | Johannesburg | South Africa |
| Cairo | Egypt | Kampala | Uganda |
| Nairobi | Kenya |
Africa Re : Rating
| Agency | Rating | Outlook |
| A.M. Best | A | Stable |
| Standard & Poor's | A- | Stable |
