Africa Re
 | This article needs additional citations for verification. (June 2017) |
| Company type | African Reinsurance Corporation |
|---|---|
| Industry | Financial services |
| Founded | February 24, 1976 |
| Headquarters | Lagos, Nigeria |
Key people | Corneille Karekezi (CEO) Hassan Boubrik (Chairman) |
| Products | Reinsurance, insurance, asset management |
| Revenue | US $688 million (2017)[1] |
| US $177 million (2017)[2] | |
| Total assets | US $2,912 million (2017)[2] |
| Total equity | US $902 million (2017)[2] |
Number of employees | 243 (2017)[2] |
| Website | Homepage |
African Reinsurance Corporation, generally known as Africa Re, is a reinsurance company based in Lagos, Nigeria. Africa Re was founded on 24 February 1976 in Yaounde, Cameroon[3] making it Africa's first Continental Reinsurer.[4] The company operates in 41 countries of the African Union through approximately 107 insurance/reinsurance companies. In September 2010, Africa Re launched its subsidiary company African Takaful Reinsurance Company (Africa Retakaful).[5] In May 2018, Africa Re launched a young insurance training programme (YIPP).[6]
History
![[icon]](/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section is empty. You can help by adding to it. (July 2018) |
Ownership
As of 31 December 2015[update], the shares of the stock of Africa Re were held by:[1]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | 41 AU Member States | 34.60 |
| 2 | 111 African insurance and reinsurance companies | 33.84 |
| 3 | 4 Non-African Investors1 | 23.15 |
| 4 | African Development Bank | 8.41 |
| Total | 100.00 |
Note:
1 - The non-African investors are Fairfax Financial, AXA, PROPARCO and IRB Brasil Re.
Governance
Africa Re is governed by a ten-person Board of Directors with Hassan Boubrik serving as the Chairman of the group and Corneille Karekezi as the Group Managing Director and CEO.[1]
See also
References
- ^ a b c "African Reinsurance Corporation 2017 Annual Report". Swiss Re. Retrieved 4 January 2017.
- ^ a b c d "Registration Document" (PDF). AXA. Retrieved 4 July 2018.
- ^ "Commercial Risk Africa" (PDF) (June 2016 ed.). CRA Reinsurance Africa's Future. Retrieved 4 January 2017.
- ^ Karekezi, Corneille. "Overview of Hloabl Trends in Reinsurance: Africa Re Perspective" (PDF). Africa Re. Retrieved 4 January 2017.
- ^ "Africa Re Group launches Africa Retakaful - Vanguard News". Vanguard News. 12 September 2010. Retrieved 14 May 2018.
- ^ "Africa Re launches new insurance training programme - Vanguard News". Vanguard News. 14 May 2018. Retrieved 30 August 2018.
 | This African corporation or company article is a stub. You can help Wikipedia by expanding it. |
 | This article on an insurance company is a stub. You can help Wikipedia by expanding it. |