Magazine date:
Dec 2021 Figures in millions USD
Rank | Company | Country | 2022 turnover | 2021 turnover | ||||
---|---|---|---|---|---|---|---|---|
Total | Non-life | Life | Total | Non-life | Life | |||
1 | Munich Reinsurance Co. of Africa (MRoA) | South Africa | 1 060 | 742 | 318 | 826 | 578 | 248 |
2 | Africa Re | Nigeria | 952 | 861 | 91 | 845 | 783 | 62 |
3 | Swiss Re Africa | South Africa | 430 | 430 | - | 424 | 424 | - |
4 | Hannover Re South Africa | South Africa | 377 | 377 | - | 475 | 475 | - |
5 | General Re Africa | South Africa | 268 | 268 | - | 262 | 262 | - |
6 | Continental Re | Nigeria | 243 | 225 | 18 | 175 | 161 | 14 |
7 | Zep Re (PTA) | Kenya | 236 | 209 | 27 | 213 | 193 | 20 |
8 | WAICA Re | Sierra Leone | 214 | 208 | 6 | 153 | 149 | 4 |
9 | Kenya Re | Kenya | 201 | 183 | 18 | 178 | 162 | 16 |
10 | CICA Re | Togo | 173 | 159 | 14 | 159 | 148 | 11 |
Read also | Africa: rating of the major Sub-Saharan reinsurers [4]
11 | African Re Corporation | South Africa | 138 | 138 | - | 133 | 133 | - |
12 | SCOR SE - Africa Branch | South Africa | 129 | 64 | 65 | 100 | 47 | 53 |
13 | Continental Re - Kenya | Kenya | 93 | 93 | - | 53 | 52 | 1 |
14 | Tan Re | Tanzania | 78 | 71 | 7 | 72 | 65 | 7 |
15 | GIC Re South Africa | South Africa | 71 | 71 | - | 99 | 99 | - |
16 | Ghana Re | Ghana | 53 | 49 | 4 | 62 | 56 | 6 |
17 | NamibRe | Namibia | 53 | 45 | 8 | 31 | 26 | 5 |
18 | Sen Re | Senegal | 51 | 44 | 7 | 41 | 34 | 7 |
19 | NCA Re | Côte d’Ivoire | 38 | 37 | 1 | 35 | 34 | 1 |
20 | FBS Re | Nigeria | 37 | 36 | 1 | 19 | 19 | - |
21 | East Africa Re | Kenya | 37 | 30 | 7 | 38 | 28 | 10 |
22 | Aveni Re | Côte d’Ivoire | 31 | 29 | 2 | 27 | 25 | 2 |
23 | SCG-Ré | Gabon | 28 | 27 | 1 | 24 | 23 | 1 |
24 | Waica Re - Kenya | Kenya | 26 | 26 | - | 13 | 13 | - |
25 | Ethiopian Re | Ethiopia | 26 | 25 | 1 | 26 | 25 | 1 |
26 | Uganda Re | Uganda | 21 | 19 | 2 | 17 | 16 | 1 |
27 | Globus Re | Burkina Faso | 21 | 20 | 1 | 23 | 22 | 1 |
28 | Ghana Re - Kenya | Kenya | 16 | 16 | - | 11 | 11 | - |
29 | Waica Re Zimbabwe | Zimbabwe | 15 | 15 | - | 12 | 12 | - |
30 | ZB Re | Zimbabwe | 13 | 13 | - | 14 | 14 | - |
31 | Zep Re | Zimbabwe | 12 | 12 | - | 18 | 18 | - |
32 | Grand Re | Zimbabwe | 12 | 12 | - | 13 | 13 | - |
33 | Tropical Re | Zimbabwe | 11 | 11 | - | 13 | 13 | - |
34 | Emeritus General Reinsurance | Zimbabwe | 9 | 9 | - | 11 | 11 | - |
35 | First Mutual Reinsurance | Zimbabwe | 9 | 9 | - | 7 | 7 | - |
36 | Mainstream Reinsurance Company Limited | Ghana | 7 | 7 | - | 7 | 7 | - |
37 | FBC Re | Zimbabwe | 6 | 6 | - | 13 | 13 | - |
38 | Zambia Re | Zambia | 5 | 5 | - | 5 | 5 | - |
39 | Muca Re | Zimbabwe | 2 | 2 | - | - | - | - |
40 | Emeritus Re Life | Zimbabwe | 2 | - | 2 | 3 | - | 3 |
41 | FBC Re Life | Zimbabwe | 1 | - | 1 | 1 | - | 1 |
42 | Zep Re Life | Zimbabwe | - | - | - | 1 | - | 1 |
43 | First Mutual Reinsurance (Life & Health) | Zimbabwe | - | - | - | - | - | - |
Total Sub-Saharan Africa | 5 205 | 4 603 | 602 | 4 652 | 4 176 | 476 |
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Source: Atlas Reinsurance Reports 2024