African reinsurers: ranking according to turnover 2022

Figures in thousands USD
RankCompanyCountryGross premiums2021-2022 evolution (1)
20222021
1Munich Reinsurance Co. of Africa (MRoA)South Africa1 059 593825 60128.34%
2Africa ReNigeria951 789845 34612.59%
3Swiss Re Africa (2)South Africa429 950423 5951.50%
4Hannover Re South Africa(3)South Africa377 474474 988-20.53%
5Société Centrale de Réassurance - SCRMorocco329 680281 77017.00%
6Compagnie Centrale de Réassurance - CCRAlgeria294 894287 7532.48%
7General Re AfricaSouth Africa268 272261 7292.50%
8Continental ReNigeria242 589175 13238.52%
9Zep ReKenya236 213213 01310.89%
10WAICA ReSierra Leone214 198153 34939.68%
11Kenya ReKenya201 088178 20112.84%
12CICA ReTogo173 429158 5859.36%
13African Re CorporationSouth Africa138 275132 8014.12%
14SCOR SE - Africa BranchSouth Africa128 737100 14128.56%
15Continental Re - KenyaKenya93 08053 38674.35%
16Tan ReTanzania78 13271 9958.52%
17GIC Re South Africa (4) (5)South Africa70 94598 610-28.05%
18Tunis ReTunisia62 80856 53411.10%
19Ghana ReGhana53 35562 447-14.56%
20NamibRe (4)Namibia52 98331 00570.89%
21Sen ReSenegal50 79941 48922.44%
22Africa Retakaful (6)Egypt42 52132 28031.73%
23NCA ReCôte d’Ivoire38 11534 6709.94%
24FBS Re (7)Nigeria36 99319 21292.55%
25East Africa ReKenya36 72438 185-3.83%
26Aveni ReCôte d’Ivoire31 12826 75016.37%
27SCG-RéGabon27 71023 82716.30%
28Waica Re - KenyaKenya26 25213 033101.43%
29Ethiopian Re (6)Ethiopia25 87926 033-0.59%
30Uganda ReUganda21 31917 21323.85%
31Globus ReBurkina Faso21 09822 628-6.76%
32Ghana Re - KenyaKenya16 33911 48942.21%
33Waica Re Zimbabwe (8)Zimbabwe14 94012 19022.56%
34ZB ReZimbabwe13 42314 440-7.04%
35Zep ReZimbabwe12 01918 021-33.31%
36Grand ReZimbabwe11 97812 677-5.51%
37Tropical ReZimbabwe10 53213 126-19.76%
38Emeritus General Reinsurance(9)Zimbabwe9 08710 915-16.75%
39First Mutual ReinsuranceZimbabwe9 0716 91231.24%
40Mainstream Reinsurance Company LimitedGhana7 1257 125-
41FBC ReZimbabwe6 43412 878-50.04%
42Zambia Re(10)Zambia5 2954 72911.97%
43Muca ReZimbabwe1 938--
44Emeritus Re Life (11)Zimbabwe1 7373 452-49.68%
45FBC Re LifeZimbabwe9311 045-10.91%
46Zep Re LifeZimbabwe480577-16.81%
47First Mutual Reinsurance (Life & Health)Zimbabwe235346-32.08%
48GN Reinsurance CompanyGhanaNDND-
49Nigeria ReNigeria---
50National Re
SudanNDND-
Total5 937 5865 311 22310.55%

(1) Evolution in USD
(2) In 2018, Swiss Re Life and Health Africa was renamed Swiss Re Africa Limited and became a life and non-life reinsurer
(3) In January 2021, Hannover Reinsurance Africa Limited's activities were transferred to Hannover Life Reassurance Africa Limited. Hannover Life Reassurance Africa Limited was renamed Hannover Re South Africa Limited.
(4) Year ended March
(5) GIC Re acquired Saxum Re in 2014
(6) Year ended June
(7) FBS Re begins operations in 2021
(8) Colonnade Reinsurance Company was acquired by the Waica Re group in 2018 and renamed Waica Re Zimbabwe
(9) Baobab Reinsurance Company changed its name to Emeritus General Re in 2018
(10) Prima Re changed its name to Zambia Re in 2020
(11) Baobab Life & Health Company changed its name to Emeritus Re Life in 2018

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