The "Mutuelle Agricole d'Assurances (MAMDA) plans to create MAMDA Re, in partnership with the "Mutuelle Centrale de RĂ©assurance" (France) et Partner Re (Bermuda).
The company, specialized in the coverage of agricultural risks, will be endowed with a capital of 121 million USD, funded at 50% by MAMDA, 30% by Partner Re and 20% by the "Mutuekke Centrale de RĂ©assurance".
MAMDA RE is awaiting approval of the minister of Finance.