African Reinsurance Corporation

Established in 1976 by 36 member States of the African Union and the African Development Bank Group (AfDB), The African Reinsurance Corporation (AFRICA RE), the leading reinsurance company in Africa and the Middle East, is a pan-African financial institution with diplomatic status in its current 41 African member countries. Its shareholding is split between African (75%) and Non-African (25%) investors. African shareholding comprises 41 African states, the AfDB and more than 100 African insurance/reinsurance companies from the 41 member countries. Non-African shareholding is made up of PROPARCO (subsidiary of the AFD, France), IRB Brasil Re (leading Brazilian reinsurer), AXA (leading global French insurer) and FAIRFAX (Canadian group of insurance and reinsurance companies across the globe). Headquartered in Lagos (Nigeria), Africa Re has continental network of regional and local offices in Lagos (Nigeria), Casablanca (Morocco), Nairobi (Kenya), Abidjan (Côte d’Ivoire), Ebène (Mauritius), Cairo (Egypt) and Addis Ababa (Ethiopia) as well as two subsidiaries: Africa Re (South Africa) Ltd in Johannesburg and Africa Retakaful Ltd in Cairo (Egypt).