Magazine date:
Apr 2020 DATE OF CREATION:1 January 1978, Nigeria | |
CLASSES OF BUSINESS: Life and non life | |
MAIN UNDERWRITING REGIONS: Nigeria | |
CONTACT: Reinsurance House 46, Marina. P.M.B. 12766, Lagos, Nigeria | |
Tel: +234 8148008571, +234 7064679939 | |
Email:contact [at] nigeriare [dot] com [4] | |
Website:www.nigeriare.com |
Nigeria Re : Main indicators
in USD2016 | 2017 | ||
Turnover | 2 062 000 | 2 757 000 | |
Shareholder’s equity | 65 301 000 | 53 811 000 | |
Net result | 2 802 000 | -732 000 |
Exchange rate as at 31/12/2016 : 1 NGN = 0.0033 USD ; as at 31/12/2017 : 1 NGN = 0.00275 USD
Nigeria Re : Technical ratios
2016 | 2017 | |
Loss ratio | 47.47% | 45.58% |
Management expenses ratio | 27.77% | 27.23% |
Combined ratio | 75.24% | 72.81% |
Nigeria Re: Capital and shareholding
Main Shareholder | In % |
Nigerian state | 100% |
Nigeria Re: Management
Amos Akingba | Chairman & general manager |
Isioma Chukwuma | CEO |
Esther A. Ajayi | Executive director, finance & administration |
Barrister O. Ayodeji Alonge | Company secretary / Legal adviser |
Nigeria Re : Rating
Agency | Rating | Outlook |
GCR | BBB+ (National business) | Stable |
GCR | B (National business) | Stable |
Read also | Africa Re [5]