The African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company, established in 1976 by member states of the African Union (then Organisation of African Unity - OAU) and the African Development Bank (AfDB). Headquartered in Lagos, Nigeria, Africa Re's mission is to foster the development of the insurance and reinsurance industry in Africa, retain reinsurance premiums within the continent, and support African economic development. It provides a broad range of reinsurance services to insurance companies across Africa and internationally, covering various risks including property, casualty, life, and specialty lines. Africa Re plays a crucial role in capacity building, risk management, and promoting sound underwriting practices throughout the African insurance market.
The Lagos headquarters serves as the central hub for Africa Re's group operations, strategic decision-making, underwriting policy, financial management, investment strategy, and coordination of its continental network of regional and local offices.
The Africa Re Building in Victoria Island is a modern, purpose-built office complex, recognized as a prominent landmark. It is equipped with state-of-the-art facilities to support its extensive operations and workforce.
The work culture at Africa Re's headquarters is characterized by professionalism, pan-African collaboration, integrity, and a commitment to excellence in serving the African insurance market. It fosters a diverse and inclusive environment, drawing talent from across its member states.
As the nerve center of the leading pan-African reinsurer, the Lagos HQ is pivotal for implementing strategies that support African economic development, retain reinsurance premiums on the continent, and build local market capacity. Its location in Nigeria, Africa's largest economy, reinforces its strategic importance.
Africa Re boasts a significant global presence primarily centered on the African continent, with its headquarters in Lagos (Nigeria), six regional offices in Abidjan (Côte d'Ivoire), Cairo (Egypt), Casablanca (Morocco), Lagos (Nigeria), Nairobi (Kenya), and a key subsidiary, Africa Re South Africa Limited, in Johannesburg (South Africa). Additionally, it maintains local offices or underwriting representations in countries such as Uganda, Ethiopia, Sudan, Namibia, and Zimbabwe. This extensive network enables Africa Re to deliver localized reinsurance services, expert risk assessment, capacity building initiatives, and efficient claims management across Africa's diverse markets. Beyond Africa, the Corporation actively underwrites international business, particularly from the Middle East and Asia, showcasing its expanding influence in the global reinsurance landscape.
Plot 1679 Karimu Kotun Street, Victoria Island
Lagos
Lagos State
Nigeria
Address: Africa Re Centre, Hospital Road, Upper Hill, P.O. Box 62328 - 00200, Nairobi, Kenya
To deepen Africa Re's penetration in the dynamic East African insurance market, offer localized expertise and risk solutions, and contribute to the growth and stability of the regional insurance sector.
Address: Immeuble AFRIC RE, Avenue Crosson Duplessis, Rue des Banques, Plateau, 01 B.P. 3851 Abidjan 01, Côte d'Ivoire
To strengthen Africa Re's presence in Francophone African markets by catering to specific linguistic, cultural, and regulatory environments, and to support local insurance capacity building.
Address: Africa Re Retakaful, CFC Tower, 17th Floor, Casa Anfa, Hay Hassani, Casablanca, Morocco
To cater to the growing demand for Takaful and Retakaful products in North Africa and beyond, expanding Africa Re's footprint in ethical and faith-based financial services and promoting financial inclusion.
Address: Ground Floor, West Wing, The Forum, 2 Maude Street, Sandown, Sandton, 2196, South Africa
To effectively serve the large and developed South African insurance market and extend specialized reinsurance services to other countries within the Southern African Development Community (SADC) region.
Address: Building 20, Moustafa Refaat St., Sheraton Heliopolis, P.O.Box 2782 El Horria, Cairo, Egypt
To strengthen Africa Re's market position in North-East Africa and facilitate cooperation with Arab insurance markets through NERGA, offering tailored reinsurance solutions.
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As of April 2025, African Reinsurance Corporation' leadership includes:
African Reinsurance Corporation has been backed by several prominent investors over the years, including:
No major publicly announced hires or exits within the core operational executive team of Africa Re have been identified in the immediate past 12 months (approximately May 2023 - May 2024). The company generally announces significant leadership changes through official channels on its website or via press releases. The executive team has demonstrated notable stability in recent reporting periods.
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African Reinsurance Corporation (Africa Re) most likely utilizes standardized corporate email formats. Based on publicly available information and common corporate practices, the predominant format appears to be a combination of the employee's first name and last name, or last name and first initial, separated by a period, followed by '@africa-re.com'.
[first].[last]@africa-re.com (e.g., john.doe@africa-re.com) or [last].[first_initial]@africa-re.com (e.g. doe.j@africa-re.com)
Format
jane.doe@africa-re.com
Example
90%
Success rate
Reinsurance News • February 29, 2024
African Reinsurance Corporation (Africa Re) announced a net profit of $102.1 million for the full year 2023, a significant increase from the $21.1 million reported in 2022. The company also reported gross written premiums of $974.9 million, up by 10.5% from 2022, attributing the positive performance to disciplined underwriting, strategic investments, and favorable market conditions....more
Africa Re (Press Release) • November 7, 2023
Africa Re announced robust financial results for the nine months ending September 30, 2023, achieving a net profit of US$87.85 million. This strong performance was noted despite prevailing challenging global and regional economic conditions, underscoring the reinsurer's resilience, sound risk management strategies, and profitable underwriting....more
Atlas Magazine • June 20, 2023
Mr. Hassan Boubrik, CEO of the Moroccan insurance and social welfare supervisory authority (ACAPS), was elected as the new Chairman of the Board of Directors of the African Reinsurance Corporation (Africa Re). The election took place during the company's 45th Annual General Meeting held in Lomé, Togo....more
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