2017 ranking of the African reinsurance companies according to turnover
In thousands USD
Ranking | Company | Country | 2013 | 2014 | 2015 | 2016 | 2017 | Evolution (%) | ||
---|---|---|---|---|---|---|---|---|---|---|
2017 | 2016 | 2016-2017 | 2013-2017 | |||||||
1 | 1 | Africa Re | Nigeria | 670 458 | 717 525 | 689 291 | 642 024 | 746 829 | +16.32 | +11.39 |
2 | 2 | Munich Reinsurance of Africa | South Africa | 470 672 | 485 571 | 388 455 | 556 433 | 681 638 | +22.50 | +44.82 |
3 | 3 | Compagnie Centrale de Réassurance | Algeria | 261 454 | 255 169 | 237 674 | 236 528 | 256 282 | +8.35 | -1.98 |
4 | 5 | Hannover Life Reinsurance Africa | South Africa | 206 099 | 184 241 | 156 588 | 188 161 | 215 836 | +14.71 | +4.72 |
5 | 4 | Société Centrale de Réassurance | Morocco | 264 052 | 299 900 | 255 543 | 235 500 | 215 580 | -8.46 | -18.36 |
6 | 9 | RGA Reinsurance Co. of South Africa | South Africa | 118 372 | 125 454 | 98 047 | 169 618 | 212 290 | +25.16 | +79.34 |
7 | 7 | Hannover Reinsurance Africa | South Africa | 254 058 | 265 316 | 155 587 | 179 153 | 204 582 | +14.19 | -19.47 |
8 | 10 | African Re Corporation (ARCSA) | South Africa | - | 206 890 | 160 354 | 157 911 | 203 500 | +28.87 | - |
9 | 8 | General Reinsurance Africa | South Africa | 193 141 | 182 398 | 144 846 | 173 209 | 194 145 | +12.09 | +0.52 |
10 | 6 | Swiss Re Life & Health Africa (1) | South Africa | 137 417 | 138 000 | 122 500 | 180 100 | ND | ND | ND |
11 | 12 | Zep Re (PTA Re) | Kenya | 100 181 | 125 437 | 138 756 | 128 698 | 152 132 | +18.21 | +51.86 |
12 | 11 | Kenya Re | Kenya | 113 330 | 129 931 | 129 924 | 131 664 | 144 952 | +10.09 | +27.90 |
13 | 16 | GIC Re South Africa (2) | South Africa | 1 552 | 12 900 | 22 069 | 53 074 | 138 614 | +161.17 | +8831.31 |
14 | 13 | Scor Africa | South Africa | 83 118 | 81 395 | 72 350 | 78 792 | 124 872 | +58.48 | +50.23 |
15 | 15 | CICA-Re | Togo | 48 030 | 50 425 | 55 295 | 69 821 | 84 629 | +21.21 | +76.20 |
16 | 14 | Continental Re | Nigeria | 99 403 | 83 648 | 100 052 | 73 940 | 83 382 | +12.77 | -16,12 |
17 | 17 | Waica Re | Sierra Leone | 15 922 | 24 124 | 33 542 | 49 201 | 62 119 | +26.26 | +290.15 |
18 | 18 | Tunis Re | Tunisia | 43 884 | 48 046 | 49 499 | 45 668 | 48 984 | +7.26 | +11.62 |
19 | 21 | Ghana Re | Ghana | 36 323 | 32 417 | 32 997 | 33 380 | 42 518 | +27.38 | +17.06 |
20 | 22 | East Africa Re | Kenya | 33 105 | 39 058 | 36 857 | 33 084 | 40 344 | +21.94 | +21.87 |
21 | 19 | Africa Retakaful | Egypt | - | - | 41 566 | 45 295 | 38 960 | -13.99 | - |
22 | 20 | Tan Re | Tanzania | 40 274 | 43 253 | 34 527 | 35 305 | 34 734 | -1.62 | -13.76 |
23 | 24 | Aveni Re | Côte d’Ivoire | 25 566 | 27 136 | 25 604 | 26 090 | 29 951 | +14.80 | +17.15 |
24 | 26 | National Re | Sudan | 26 355 | 11 200 | 17 800 | 24 285 | 29 073 | +19.72 | +10.31 |
25 | 25 | NCA Re | Côte d’Ivoire | 11 744 | 20 314 | 24 240 | 25 800 | 28 338 | +9.84 | +141.30 |
26 | 23 | Sen Re | Senegal | 28 358 | 28 383 | 29 816 | 26 444 | 25 457 | -3.73 | -10.23 |
27 | 31 | Namibre (2) | Namibia | 16 050 | 14 786 | 14 164 | 14 007 | 23 638 | +68.76 | +47.28 |
28 | Ethiopian Reinsurance (3) | Ethiopia | - | - | - | - | 22 538 | - | - | |
29 | 27 | SCG Ré | Gabon | 18 143 | 20 541 | 26 189 | 18 194 | 22 445 | +23.36 | +23.71 |
30 | 33 | Globus Re | Burkina Faso | 16 457 | 11 153 | 12 527 | 13 699 | 20 938 | +52.84 | +27.23 |
31 | 28 | ZB Reinsurance | Zimbabwe | 20 551 | 20 721 | 20 885 | 19 130 | 19 099 | -0.16 | -7.07 |
32 | 30 | FBC Re | Zimbabwe | 15 227 | 15 662 | 17 799 | 14 059 | 18 741 | +33.30 | +23.08 |
33 | 29 | First Mutual Reinsurance | Zimbabwe | 20 048 | 19 790 | 19 806 | 17 196 | 16 569 | -3.65 | -17.35 |
34 | 32 | Grand Reinsurance | Zimbabwe | 5 728 | 8 114 | 10 333 | 13 841 | 15 267 | +10.30 | +166.53 |
35 | 34 | Tropical Re | Zimbabwe | 11 128 | 13 869 | 14 144 | 13 548 | 15 208 | +12.25 | +36.66 |
36 | 35 | Zep Re | Zimbabwe | - | 9 833 | 9 407 | 10 903 | 12 917 | +18.47 | - |
37 | 37 | Mamda Ré | Morocco | - | - | - | 9 493 | 12 182 | +28.33 | - |
38 | 39 | GN Reinsurance | Ghana | - | - | 3 380 | 7 025 | 9 319 | +32.65 | - |
39 | 36 | Baobab Reinsurance | Zimbabwe | 15 207 | 8 410 | 8 791 | 9 291 | 9 176 | -1.24 | -39.66 |
40 | 38 | Uganda Re | Uganda | 255 | 5 459 | 6 545 | 7 122 | 7 992 | +12.22 | +3034.12 |
46 | 41 | Prima Re | Zambia | 4 631 | 4 790 | 3 032 | 3 711 | 3 984 | +7.36 | -13.97 |
41 | 40 | Baobab Life & Health | Zimbabwe | 5 483 | 4 152 | 4 170 | 3 754 | -9.98 | - | |
42 | 43 | Nigeria Re (1) | Nigeria | 2 990 | 4 350 | 3 552 | 2 365 | ND | ND | ND |
43 | 42 | First Mutual Reinsurance (Life & Health) | Zimbabwe | 2 000 | 4 725 | 2 984 | 2 515 | 2 160 | -14.12 | 8 |
44 | 44 | Colonnade Re | Zimbabwe | 5 005 | 3 777 | 2 661 | 1 963 | 880 | -55.17 | -82.42 |
45 | 45 | FBC Re | Zimbabwe | - | - | ND | 693 | 665 | -4.04 | - |
(1) Figures 2017 not available
(2) Fiscal year ending March 31st
(3) Established in July 2016
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