2017 ranking of the African reinsurance companies according to turnover

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Magazine date:

Dec 2018

In thousands USD

Ranking		Company	Country	2013	2014	2015	2016	2017	Evolution (%)
2017	2016	Company	Country	2013	2014	2015	2016	2017	2016-2017	2013-2017
1	1	Africa Re	Nigeria	670 458	717 525	689 291	642 024	746 829	+16.32	+11.39
2	2	Munich Reinsurance of Africa	South Africa	470 672	485 571	388 455	556 433	681 638	+22.50	+44.82
3	3	Compagnie Centrale de Réassurance	Algeria	261 454	255 169	237 674	236 528	256 282	+8.35	-1.98
4	5	Hannover Life Reinsurance Africa	South Africa	206 099	184 241	156 588	188 161	215 836	+14.71	+4.72
5	4	Société Centrale de Réassurance	Morocco	264 052	299 900	255 543	235 500	215 580	-8.46	-18.36
6	9	RGA Reinsurance Co. of South Africa	South Africa	118 372	125 454	98 047	169 618	212 290	+25.16	+79.34
7	7	Hannover Reinsurance Africa	South Africa	254 058	265 316	155 587	179 153	204 582	+14.19	-19.47
8	10	African Re Corporation (ARCSA)	South Africa	-	206 890	160 354	157 911	203 500	+28.87	-
9	8	General Reinsurance Africa	South Africa	193 141	182 398	144 846	173 209	194 145	+12.09	+0.52
10	6	Swiss Re Life & Health Africa ⁽¹⁾	South Africa	137 417	138 000	122 500	180 100	ND	ND	ND
11	12	Zep Re (PTA Re)	Kenya	100 181	125 437	138 756	128 698	152 132	+18.21	+51.86
12	11	Kenya Re	Kenya	113 330	129 931	129 924	131 664	144 952	+10.09	+27.90
13	16	GIC Re South Africa ⁽²⁾	South Africa	1 552	12 900	22 069	53 074	138 614	+161.17	+8831.31
14	13	Scor Africa	South Africa	83 118	81 395	72 350	78 792	124 872	+58.48	+50.23
15	15	CICA-Re	Togo	48 030	50 425	55 295	69 821	84 629	+21.21	+76.20
16	14	Continental Re	Nigeria	99 403	83 648	100 052	73 940	83 382	+12.77	-16,12
17	17	Waica Re	Sierra Leone	15 922	24 124	33 542	49 201	62 119	+26.26	+290.15
18	18	Tunis Re	Tunisia	43 884	48 046	49 499	45 668	48 984	+7.26	+11.62
19	21	Ghana Re	Ghana	36 323	32 417	32 997	33 380	42 518	+27.38	+17.06
20	22	East Africa Re	Kenya	33 105	39 058	36 857	33 084	40 344	+21.94	+21.87
21	19	Africa Retakaful	Egypt	-	-	41 566	45 295	38 960	-13.99	-
22	20	Tan Re	Tanzania	40 274	43 253	34 527	35 305	34 734	-1.62	-13.76
23	24	Aveni Re	Côte d’Ivoire	25 566	27 136	25 604	26 090	29 951	+14.80	+17.15
24	26	National Re	Sudan	26 355	11 200	17 800	24 285	29 073	+19.72	+10.31
25	25	NCA Re	Côte d’Ivoire	11 744	20 314	24 240	25 800	28 338	+9.84	+141.30
26	23	Sen Re	Senegal	28 358	28 383	29 816	26 444	25 457	-3.73	-10.23
27	31	Namibre ⁽²⁾	Namibia	16 050	14 786	14 164	14 007	23 638	+68.76	+47.28
28		Ethiopian Reinsurance ⁽³⁾	Ethiopia	-	-	-	-	22 538	-	-
29	27	SCG Ré	Gabon	18 143	20 541	26 189	18 194	22 445	+23.36	+23.71
30	33	Globus Re	Burkina Faso	16 457	11 153	12 527	13 699	20 938	+52.84	+27.23
31	28	ZB Reinsurance	Zimbabwe	20 551	20 721	20 885	19 130	19 099	-0.16	-7.07
32	30	FBC Re	Zimbabwe	15 227	15 662	17 799	14 059	18 741	+33.30	+23.08
33	29	First Mutual Reinsurance	Zimbabwe	20 048	19 790	19 806	17 196	16 569	-3.65	-17.35
34	32	Grand Reinsurance	Zimbabwe	5 728	8 114	10 333	13 841	15 267	+10.30	+166.53
35	34	Tropical Re	Zimbabwe	11 128	13 869	14 144	13 548	15 208	+12.25	+36.66
36	35	Zep Re	Zimbabwe	-	9 833	9 407	10 903	12 917	+18.47	-
37	37	Mamda Ré	Morocco	-	-	-	9 493	12 182	+28.33	-
38	39	GN Reinsurance	Ghana	-	-	3 380	7 025	9 319	+32.65	-
39	36	Baobab Reinsurance	Zimbabwe	15 207	8 410	8 791	9 291	9 176	-1.24	-39.66
40	38	Uganda Re	Uganda	255	5 459	6 545	7 122	7 992	+12.22	+3034.12
46	41	Prima Re	Zambia	4 631	4 790	3 032	3 711	3 984	+7.36	-13.97
41	40	Baobab Life & Health	Zimbabwe		5 483	4 152	4 170	3 754	-9.98	-
42	43	Nigeria Re ⁽¹⁾	Nigeria	2 990	4 350	3 552	2 365	ND	ND	ND
43	42	First Mutual Reinsurance (Life & Health)	Zimbabwe	2 000	4 725	2 984	2 515	2 160	-14.12	8
44	44	Colonnade Re	Zimbabwe	5 005	3 777	2 661	1 963	880	-55.17	-82.42
45	45	FBC Re	Zimbabwe	-	-	ND	693	665	-4.04	-

⁽¹⁾ Figures 2017 not available
⁽²⁾ Fiscal year ending March 31^st
⁽³⁾ Established in July 2016

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