The World Bank owns 8% of Africa Re

The financial regulator, Financial services Commission (FSC) has already finalized an outline of the provision which aims at raising awareness among both insurers and the insured. The code is expected to settle disputes within companies. FSC will soon publish a practical guide to help car drivers make a better choice of their motor insurance products.
The transaction, worth over 10 million USD, has been finalized in mid February 2005 in Lagos.
Africa-Re, which reported a net premium volume of 142 million USD in 2003, has an important network of branches in Africa.

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