AM Best affirms Africa Re's rating

AM Best affirms Africa Re’s "A" (Excellent) financial strength and "a" long term credit rating. The outlook for both ratings remains stable.

The rating agency confirmed the pan-African reinsurer’s balance sheet strength as well as its good operational performance.

The rating also reflects Africa Re's appropriate risk management policy and good commercial profile.

AM Best believes that the company has acquired an excellent reputation in Africa.

Read also | Africa Re: results as of 30 September 2020