We strive to have our client at the centre of everything we do. Working closely with our clients to understand their strategic and operational goals enables us to deliver a customised range of solutions that promote mutually beneficial growth and success. In this way we make a valuable contribution to the availability of local capacity, in line with our strategic objective to discourage the flight of premiums off the continent.
As a wholly owned subsidiary of the African Reinsurance Corporation, Africa Re South Africa (ARCSA) is responsible for writing both treaty and facultative business in South Africa, Lesotho, Botswana, Swaziland and Namibia. ARCSA opened as a representative office in 1995 and delivers reinsurance solutions for all classes of business. It was incorporated in late 2003, and commenced business in 2004 as a separately capitalised subsidiary.
ARCSA is regulated by the joint regulatory regime of the South African Reserve Bank Prudential Regulation Authority (PRA) and the Financial Conduct Authority via FSB.
Africa Re Group provides parental guarantee to the African Reinsurance Corporation (South African) Limited.
Expertise Managing Director (ARCSA)
Managing Director, African Reinsurance Corporation South Africa (ARCSA) subsidiary
After graduating from university in 1986, Mr Tennick joined Swiss Re in Johannesburg as a graduate trainee. During a 14-year career he worked in various capacities culminating in management of the underwriting and subsequently the client management functions.
He then joined the Imperial Holdings Group in Johannesburg and set up Imperial Reinsurance before moving to the Group’s insurance business, Regent Insurance, as an executive director with various responsibilities including underwriting, reinsurance and risk management. He was joint CEO of the Regent Insurance Group at the time he left the Group.
Mr Tennick holds a Bachelor of Commerce Degree from the University of Cape Town and is an Associate (ACII) and Fellow (FCII) of the Chartered Insurance Institute (UK).
He became Managing Director of African Reinsurance Corporation South Africa in April 2018.