Africa Re is setting foot in Brazil

It is at a cocktail hosted on April 1, 2014 for the Brazilian market in Sao Paulo that Africa Re has launched its operations as an occasional reinsurer.
Sao Paulo centre © Ana Paula Hirama, CC BY-SA 2.0

The licence granted by the Brazilian authorities is an important step for the firstAfrican reinsurer who will open, thus, to a leading emerging market.
On the South American continent, Africa Re will be supported by one of its shareholders and local partner IRB- Brazil Re. According to the Brazilian legislation, an occasional reinsurer is not required to have a local office. The direct insurance companies can not cede it him more than 10% of their premiums.

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