Continental Re
DATE OF CREATION: 1985, Nigeria | |
CLASSES OF BUSINESS: Life and non life | |
MAIN UNDERWRITING ZONE: Africa |
Continental Re : contact
Address: Continental Re Centre, 17 Olosa Street, Victoria Island, Lagos P.O. Box 2401, Nigeria |
Tel: +234 7080671600 |
Email: info [at] continental-re [dot] com |
Website: www.continental-re.com |
Continental Re : rating
Agency | Rating | Outlook |
A.M. Best | B+ | Stable |
Continental Re : main indicators
in thousands USD2020 | 2021 | |
Turnover | 140 000 | 171 036 |
Shareholder’s equity | 97 841 | 105 049 |
Net result | 8 965 | 13 241 |
Continental Re : Turnover 2021 by class of business
in thousands USDPremiums | In % | |
Fire | 64 962 | 37.98% |
Accident | 38 215 | 22.34% |
Engineering | 20 191 | 11.81% |
Marine | 11 326 | 6.62% |
Third party liability | 11 038 | 6.45% |
Energy | 8 300 | 4.85% |
Agricultural risks | 3 278 | 1.92% |
Total non life | 157 310 | 91.97% |
Life | 13 726 | 8.03% |
Grand total | 171 036 | 100% |
Continental Re : capital and shareholding
Shareholders | In % |
C-Re Holding Ltd | 99.9% |
Others | 0.1% |
Continental Re : technical ratios
2020 | 2021 | |
Net loss ratio | 52.26% | 51.90% |
Management expenses ratio | 45.85% | 41.23% |
Net combined ratio | 98.11% | 93.13% |
Continental Re : management
Ajibola Ogunshola | Chairman of the board |
Lawrence Nazare | Group managing director |
Jane Mberia | Group chief financial officer |
Cassim Hansa | Group Head, underwriting & claims |
Ogadi Onwuaduegbo | Regional director, English-speaking West Africa |
Souvik Banerjea | Managing director, Continental Reinsurance Kenya |
Francis Nzwili | Managing director, Continental Reinsurance Botswana |
Oumar Ba | Managing director, Continental Reinsurance Cameroon |
Dorsaf Sassi | Regional director, Tunisia |
Continental Re : regional structures
Douala | Cameroon |
Abidjan | Côte d’Ivoire |
Nairobi | Kenya |
Tunis | Tunisia |
Gaborone | Botswana |
Exchange rate at 31/12/2020 : 1 NGN = 0.00261 USD , as at 31/12/2021 : 1 NGN = 0.00243 USD
Source: Continental Re
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