Ranking of reinsurers in sub-Saharan Africa per 2022 turnover

Figures in millions USD

Rank	Company	Country	2022 turnover			2021 turnover
Rank	Company	Country	Total	Non-life	Life	Total	Non-life	Life
1	Munich Reinsurance Co. of Africa (MRoA)	South Africa	1 060	742	318	826	578	248
2	Africa Re	Nigeria	952	861	91	845	783	62
3	Swiss Re Africa	South Africa	430	430	-	424	424	-
4	Hannover Re South Africa	South Africa	377	377	-	475	475	-
5	General Re Africa	South Africa	268	268	-	262	262	-
6	Continental Re	Nigeria	243	225	18	175	161	14
7	Zep Re (PTA)	Kenya	236	209	27	213	193	20
8	WAICA Re	Sierra Leone	214	208	6	153	149	4
9	Kenya Re	Kenya	201	183	18	178	162	16
10	CICA Re	Togo	173	159	14	159	148	11

Total Sub-Saharan Africa			5 205	4 603	602	4 652	4 176	476
11	African Re Corporation	South Africa	138	138	-	133	133	-
12	SCOR SE - Africa Branch	South Africa	129	64	65	100	47	53
13	Continental Re - Kenya	Kenya	93	93	-	53	52	1
14	Tan Re	Tanzania	78	71	7	72	65	7
15	GIC Re South Africa	South Africa	71	71	-	99	99	-
16	Ghana Re	Ghana	53	49	4	62	56	6
17	NamibRe	Namibia	53	45	8	31	26	5
18	Sen Re	Senegal	51	44	7	41	34	7
19	NCA Re	Côte d’Ivoire	38	37	1	35	34	1
20	FBS Re	Nigeria	37	36	1	19	19	-
21	East Africa Re	Kenya	37	30	7	38	28	10
22	Aveni Re	Côte d’Ivoire	31	29	2	27	25	2
23	SCG-Ré	Gabon	28	27	1	24	23	1
24	Waica Re - Kenya	Kenya	26	26	-	13	13	-
25	Ethiopian Re	Ethiopia	26	25	1	26	25	1
26	Uganda Re	Uganda	21	19	2	17	16	1
27	Globus Re	Burkina Faso	21	20	1	23	22	1
28	Ghana Re - Kenya	Kenya	16	16	-	11	11	-
29	Waica Re Zimbabwe	Zimbabwe	15	15	-	12	12	-
30	ZB Re	Zimbabwe	13	13	-	14	14	-
31	Zep Re	Zimbabwe	12	12	-	18	18	-
32	Grand Re	Zimbabwe	12	12	-	13	13	-
33	Tropical Re	Zimbabwe	11	11	-	13	13	-
34	Emeritus General Reinsurance	Zimbabwe	9	9	-	11	11	-
35	First Mutual Reinsurance	Zimbabwe	9	9	-	7	7	-
36	Mainstream Reinsurance Company Limited	Ghana	7	7	-	7	7	-
37	FBC Re	Zimbabwe	6	6	-	13	13	-
38	Zambia Re	Zambia	5	5	-	5	5	-
39	Muca Re	Zimbabwe	2	2	-	-	-	-
40	Emeritus Re Life	Zimbabwe	2	-	2	3	-	3
41	FBC Re Life	Zimbabwe	1	-	1	1	-	1
42	Zep Re Life	Zimbabwe	-	-	-	1	-	1
43	First Mutual Reinsurance (Life & Health)	Zimbabwe	-	-	-	-	-	-

Source: Atlas Reinsurance Reports 2024

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Tue, 16/01/2024 - 11:45

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