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 | 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@continental-re.com |
| Website: www.continental-re.com |
Continental Re : rating
| Agency | Rating | Outlook |
| A.M. Best | B+ | Stable |
Continental Re : main indicators
in thousands USD| 2020 | 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 USD| Premiums | 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
Read also | Ranking of African reinsurers
