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Change in AVENI-RE's management

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Magazine Issue: 
Reinsurers back to the wall [3]
Magazine date: 
Nov 2017

Following the increase in its share capital from 10 billion FCFA (16 million USD) by the end of 2016 to 16 billion FCFA in 2017 (26.7 million USD), AVENI-RE has recently restructured its governance.

The positions of chairman of the board and Chief Executive Officer have been merged. It is Seybatou Aw, the founder of the company, who occupies the new position of Chairman and CEO.

Based in Abidjan (Cote d'Ivoire), AVENI-RE achieved in 2016 a turnover of 16 225 million FCFA (26.09 million USD), up by 5.57% compared to 2015.
The net result amounted to 1 201 million FCFA (1 923 000 USD) against 956 million FCFA (1 593 000 USD) one year ago, that is an increase of 25.6%.

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Fri, 08/12/2017 - 08:37

Source URL: https://www.atlas-mag.net/en/article/change-in-aveni-res-management

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