African reinsurers: ranking according to turnover 2021

Figures in thousands USD

2021 ranking	Company	Country	Turnover
2021 ranking	Company	Country	2020	2021	2020-2021 evolution	2021 shares
1	Africa Re	Nigeria	804 774	845 346	5.04%	17.27%
2	Munich Re Co. of Africa	South Africa	980 120	825 601	-15.77%	16.86%
3	Hannover Re South Africa	South Africa	422 021	474 988	12.55%	9.70%
4	Compagnie Centrale de Réassurance	Algeria	242 195	285 496	17.88%	5.83%
5	Société Centrale de Réassurance	Morocco	295 730	281 770	-4.72%	5.76%
6	General Re Africa	South Africa	254 864	261 729	2.69%	5.35%
7	Zep Re (PTA Reinsurance Co)	Kenya	208 160	213 013	2.33%	4.35%
8	Kenya Re	Kenya	168 671	178 721	5.96%	3.65%
9	CICA-RE	Togo	158 254	176 174	11.32%	3.60%
10	Continental Re	Nigeria	140 000	171 036	22.17%	3.49%
11	WAICA Re	Sierra Leone	102 604	153 349	49.46%	3.13%
12	African Reinsurance Corporation	South Africa	144 697	132 801	-8.22%	2.71%
13	SCOR SE - Africa Branch	South Africa	101 350	100 141	-1.19%	2.05%
14	GIC Re South Africa ⁽¹⁾	South Africa	78 319	98 610	25.91%	2.01%
15	Tan Re	Tanzania	60 475	71 204	17.74%	1.45%
16	Ghana Re	Ghana	52 968	62 442	17.89%	1.28%
17	Tunis Re	Tunisia	58 516	56 630	-3.22%	1.16%
18	Continental Re Kenya	Kenya	33 188	53 386	60.86%	1.09%
19	NamibRe ⁽¹⁾	Namibia	41 515	46 309	11.55%	0.95%
20	Sen Re	Senegal	36 083	41 489	14.98%	0.85%
21	East Africa Reinsurance	Kenya	36 431	37 969	4.22%	0.78%
22	NCA Re	Côte d'Ivoire	34 092	34 670	1.70%	0.71%
23	Africa Retakaful Company ⁽²⁾	Egypt	43 680	32 280	-26.10%	0.66%
24	Aveni Re	Côte d'Ivoire	26 912	26 750	-0.60%	0.55%
25	Ethiopian Reinsurance ⁽²⁾	Ethiopia	25 299	26 032	2.90%	0.53%
26	SCG-Ré	Gabon	23 547	25 333	7.58%	0.52%
27	Globus Re	Burkina Faso	22 741	22 628	-0.50%	0.46%
28	Zep Reinsurance	Zimbabwe	8 157	18 021	120.93%	0.37%
29	Uganda Re	Uganda	16 574	17 213	3.86%	0.35%
30	ZB Reinsurance	Zimbabwe	10 632	14 440	35.82%	0.29%
31	Tropical Reinsurance	Zimbabwe	9 549	13 126	37.46%	0.27%
32	Waica Re Kenya	Kenya	6 556	13 033	98.79%	0.27%
33	FBC Reinsurance	Zimbabwe	7 414	12 878	73.70%	0.26%
34	Grand Reinsurance	Zimbabwe	11 754	12 677	7.85%	0.26%
35	Waica Re Zimbabwe	Zimbabwe	6 623	12 190	84.06%	0.25%
36	Ghana Re Kenya	Kenya	7 449	11 489	54.24%	0.23%
37	Emeritus Reinsurance	Zimbabwe	7 882	10 915	38.48%	0.22%
38	Mainstream Reinsurance	Ghana	6 919	7 125	2.98%	0.15%
39	First Mutual Reinsurance	Zimbabwe	2 799	6 912	146.95%	0.14%
40	Zambia Re	Zambia	2 395	4 729	97.45%	0.10%
41	Emeritus Re (Life)	Zimbabwe	1 156	3 452	198.62%	0.07%
42	FBC Reinsurance (Life)	Zimbabwe	374	1 045	179.41%	0.02%
43	Zep Re Life	Zimbabwe	166	577	247.59%	0.01%
44	First Mutual Reinsurance (Life & Health)	Zimbabwe	176	346	96.59%	0.01%
Total Africa			4 703 776	4 896 065	4.09%	100%

⁽¹⁾ Year ending March
⁽²⁾ Year ending June

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Mon, 23/01/2023 - 11:50

African reinsurers: ranking according to turnover 2021

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