The top 25 African insurance and reinsurance companies

Magazine Issue:

Risk Management [3]

Magazine date:

Feb 2004

in thousands USD

Rank	Company / Group	Country	Turnover
1	Old Mutual	South Africa	9 300 000
2	Sanlam	South Africa	4 861 898
3	Momentum Life Assurers	South Africa	2 222 617
4	Liberty Group	South Africa	1 895 780
5	Sage Group	South Africa	1 120 511
6	Santam	South Africa	954 295
7	New Africa Capital	South Africa	813 050
8	African Life Assurance	South Africa	648 118
9	Mutual & Federal	South Africa	647 090
10	Metropolitan Life	South Africa	644 319
11	Zimbabwe Reinsurance Company	Zimbabwe	450 000
12	Discovery Health	South Africa	404 192
13	South African Eagle	South Africa	340 861
14	Axa Assurance Maroc	Morocco	228 013
15	Société Centrale de Réassurance	Morocco	198 324
16	Wafa Assurance	Morocco	194 349
17	Misr Insurance	Egypt	185 932
18	Al Wataniya	Morocco	171 632
19	Libya Insurance	Libya	140 730
20	Société Tunisienne STAR	Tunisia	127 869
21	Royale Marocaine d'Assurance	Morocco	111 692
22	Liberty Holdings	South Africa	102 682
23	CNIA	Morocco	91 762
24	Société Nationale d'Assurance	Algeria	89 233
25	Africa Re	Nigeria	86 846

Source: Ecofinance & Atlas Conseil Exchange rate as at 31/12/2002