Nigeria Re - Nigeria Reinsurance Corporation

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Nigeria Re DATE OF CREATION:1 January 1978, Nigeria
CLASSES OF BUSINESS: Life and non life
MAIN UNDERWRITING REGIONS: Nigeria
CONTACT: Reinsurance House 46, Marina. P.M.B. 12766, Lagos, Nigeria
Tel: +234 8148008571, +234 7064679939
Email:contact [at] nigeriare [dot] com
Website:www.nigeriare.com

Nigeria Re : Main indicators

in USD
 20162017Nigeria Re
Turnover2 062 0002 757 000
Shareholder’s equity65 301 00053 811 000
Net result2 802 000-732 000

Exchange rate as at 31/12/2016 : 1 NGN = 0.0033 USD ; as at 31/12/2017 : 1 NGN = 0.00275 USD

Nigeria Re : Technical ratios

 20162017
Loss ratio47.47%45.58%
Management expenses ratio27.77%27.23%
Combined ratio75.24%72.81%

Nigeria Re: Capital and shareholding

Main ShareholderIn %
Nigerian state100%
Nigeria Re capital

Nigeria Re: Management

Amos AkingbaChairman & general manager
Isioma ChukwumaCEO
Esther A. AjayiExecutive director, finance & administration
Barrister O. Ayodeji AlongeCompany secretary / Legal adviser

Nigeria Re : Rating

AgencyRatingOutlook
GCRBBB+ (National business)Stable
GCRB (National business)Stable

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