2016 ranking of the African reinsurance companies according to turnover

in thousands USD

2016 ranking	2015 ranking	Company	Country	Turnover	Shareholder’s equity	Net result	A.M. Best rating	S&P rating
1	1	Africa Re	Nigeria	642 024	812 311	100 202	A	A-
2	2	Munich Reinsurance of Africa	South Africa	504 730	213 295	5 933	-	AA-
3	4	Compagnie Centrale de Réassurance	Algeria	247 148	248 947	27 803	B+	-
4	3	Société Centrale de Réassurance	Morocco	236 198	224 191	25 516	B++	BBB-
5	6	Hannover Life Reinsurance Africa	South Africa	188 161	40 723	2 328	-	AA-
6	11	Swiss Re Life & Health Africa	South Africa	180 100	40 500	-	-	-
7	7	Hannover Reinsurance Africa	South Africa	179 153	53 341	4 341	-	AA-
8	8	General Reinsurance Africa	South Africa	173 209	105 661	14 423		AA-
9	13	RGA Reinsurance Co. of South Africa	South Africa	169 618	17 717	-541	-	-
10	5	African Re Corporation (ARCSA)	South Africa	157 911	51 265	5 752	-	A-
11	10	Kenya Re	Kenya	131 664	239 909	32 679	B+	-
12	9	Zep Re (PTA Re)	Kenya	128 698	199 931	19 297	B++	-
13	14	Scor Africa	South Africa	78 792	13 973	-2 300	-	AA-
14	12	Continental Re	Nigeria	73 940	65 104	10 291	B+	-
15	15	CICA-Re	Togo	61 472	52 792	6 080	B	-
16	25	GIC Re South Africa ⁽²⁾	South Africa	53 074	15 094	- 2 045	-	BB+
17	19	Waica Re	Sierra Leone	49 201	62 884	6 188	-	-
18	16	Tunis Re	Tunisia	48 499	81 808	6 800	B+	-
19	-	Africa Retakaful	Egypt	45 295	13 281	872	-	-
20	18	Tan Re	Tanzania	35 305	23 541	994	-	-
21	20	Ghana Re	Ghana	33 633	61 015	11 356	B	-
22	17	East Africa Re	Kenya	33 084	34 018	4 633	B	-
23	22	Sen Re	Senegal	26 444	15 540	1 646	-	-
24	21	Aveni Re	Côte d’Ivoire	26 090	18 261	1 932	-	-
25	23	NCA Re	Côte d’Ivoire	25 800	14 460	1 534	-	-
26	32	National Re	Sudan	24 400	23 770	1 720	-	-
27	24	SCG Ré	Gabon	20 602	14 785	1 037	-	-
28	26	ZB Reinsurance	Zimbabwe	19 130	10 036	983	-	-
29	27	FMRE Property & Casualty	Zimbabwe	17 196	9 194	950	-	-
30	28	FBC Re	Zimbabwe	14 059	12 755	1 533	-	-
31	29	Namibre ⁽²⁾	Namibia	14 007	11 068	1 167	-	-
32	33	Grand Reinsurance	Zimbabwe	13 841	5 321	1 611	-	-
33	31	Globus Re	Burkina Faso	13 699	6 979	981	-	-
34	30	Tropical Re	Zimbabwe	13 548	4 635	893	-	-
35	34	Zep Re	Zimbabwe	10 903	2 948	1 714	-	-
36	35	Baobab Reinsurance	Zimbabwe	9 291	33 017	1 293	-	-
37	-	Mamda Ré	Maroc	9 237	50 057	199	-	-
38	36	Uganda Re	Uganda	7 131	5 672	594	-	-
39	-	GN Reinsurance	Ghana	6 731	23 923	1 654	-	-
40	37	Baobab Life & Health	Zimbabwe	4 170	8 523	NA	-	-
41	40	Prima Re	Zambia	3 711	4 277	319	-	-
42	38	FMRE Life & Health	Zimbabwe	2 515	960	NA	-	-
43	39	Nigeria Re	Nigeria	2 365	65 301	2 802	-	-
44	41	Colonnade Re	Zimbabwe	1 963	1 177	-347	-	-
45	42	FBC Re	Zimbabwe	693	797	NA	-	-

⁽¹⁾ Ranking per 2016 turnover
⁽²⁾ Figures as at 31 March 2016
NA : Not Available

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Tue, 19/12/2017 - 11:39

2016 ranking of the African reinsurance companies according to turnover

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