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2014 Ranking of reinsurers in Africa

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Magazine Issue: 
Africa, Middle East: great moves in the reinsurance business [3]
Magazine date: 
Dec 2015

Ranking of the major African reinsurers

in USD
CompanyCountryTurnoverShareholder’s equityCombined ratioA.M. Best ratingS&P rating
Africa Re
Nigeria717 525 000736 925 00088.8%A-A-
Munich Reinsurance of Africa
South Africa485 570 930237 619 53896.1%-AA-
Société Centrale de Réassurance
Morocco299 897 550242 660 07590%B++BBB-
Hannover Reinsurance Africa
South Africa265 315 66064 820 051100.4%-BBB+
Compagnie Centrale de Réassurance
Algeria255 169 200269 640 80072%B+-
Hannover Life Reinsurance Africa
South Africa184 240 77852 686 309--BBB+
General Reinsurance Africa
South Africa182 397 86391 273 055-A++AA+
Swiss Re Life & Health Africa
South Africa141 952 17231 000 000---
Kenya Re
Kenya129 932 111224 503 46768.3%B+-
RGA Reinsurance Co. of South Africa
South Africa125 454 19913 524 935---
Zep Re (PTA Re)
Kenya125 000 000147 000 00092%B+-
Continental Re
Nigeria90 813 19875 287 29190%B+-
Scor Africa
South Africa81 395 25020 594 842--AA-
CICA-Re
Togo56 056 06062 125 20075.93%--
Tunis Re
Tunisia49 892 20171 508 41296.3%B+-
Tan Re
Tanzania43 253 01124 449 69494.8%--
East Africa Re
Kenya39 061 88129 700 94694.5%B-
Ghana Re
Ghana34 487 67872 871 30693%B-
Sen Re
Senegal29 361 93213 184 082-B--
Aveni Re
Côte d’Ivoire25141 67418 858 75395.3%--
Waica Re
Sierra Leone24 124 15833 611 44191.5%--
SCG Re
Gabon22 944 28713 737 60855%--
NCA Re
Côte d’Ivoire20 313 77512 975 741---
FBC Re
Zimbabwe16 000 00010 272 398---
Namibre
Namibia14 786 39412 432 06593.8%--
Globus Re
Burkina Faso13 678 4375 432 754---
Uganda Re
Uganda5 458 9043 759 14276.5%--
Prima Re
Zambia4 789 8435 870 544---
GIC Re South Africa (1)
South Africa2 492 4851 385 381-A-BB+
Emeritus Reinsurance Company
South Africa1 136 4151 519 874---
(1)The Indian reinsurer GIC Re acquired the South African Saxum in 2014. Figures as at 31/03/2015 Sources: Standard & Poor’s, A.M.Best and companies
Wed, 16/12/2015 - 15:56

Source URL: https://www.atlas-mag.net/en/article/2014-ranking-of-reinsurers-in-africa

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