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 Executive Director (Finance and Administration)
Executive Director (Finance and Administration)
Mr Ibrahim Ibisomi is an Executive Director at African Reinsurance Corporation Ltd and occupies the role of General Manager: Finance & Admin. Since joining the corporation in 2000, he has been engaged in managing the financial reporting, budgetary control, investment and administrative functions of the Nairobi Regional Office, and later of Africa Re South Africa where his responsibility extends to overseeing the Risk Management, ICT, Credit Control and Human Resources Management functions. He serves as the Company Secretary and coordinates the company’s preparations for the new regulatory framework in South Africa.
He is a multi-disciplinary professional with academic and professional qualifications spanning the fields of Economics, Banking and Finance, Law, Accountancy, Taxation, Risk Management and General Management. He is currently engaged in Leadership Studies and has many publications and presentations to his credit.
Ibisomi started his career in a global professional accounting firm with training and job exposure in many business areas - including accounting and audit, taxation, and management consulting - across several countries. He then moved on to a start-up commercial bank where for three years he headed the planning, finance control and credit administration functions. For another three years he operated a co-owned financial consulting, training and professional services firm before proceeding to head up the inventory accounting, costing and management reporting functions of a multinational oil-marketing firm.
Ibisomi has proven leadership, people management and negotiation skills gained from a diverse set of responsibilities spanning 30 years in five African countries (Nigeria, Ghana, Cameroon, Kenya and South Africa), five companies (including three multinational/international organisations) and four industries (professional services, banking, petroleum marketing and reinsurance). He sits on a number of boards and board committees.