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 Non-executive Deputy Chairman
Non-executive Deputy Chairman
Mr Corneille Karekezi was appointed to this position on 1July 2011 after a transition period of 2 years.
After serving on the Board of Africa Re from 2003 to 2005, he later joined Africa Re in July 2009 initially as the Deputy Managing Director and subsequently as Deputy Managing Director / Chief Operating Officer in 2010.
His professional career started in 1991 as Chief Accountant /Reinsurance Manager of the leading insurance company in Burundi (SOCABU s.m.), where he rose to the position of Head of the Finance Department. In 1995 he joined the leading insurance company in Rwanda (SONARWA s.a.) as Deputy Head of the Commercial & Technical Department. Since 1996, he successively headed all the Technical Departments (Motor, Fire, Accidents & Miscellaneous Risks, and Life) and was appointed Deputy Managing Director early in 2001. In February 2008, after conducting a successful strategic transformation from a state-controlled company to a private company with an equity strategic partnership, he was appointed Chief Executive Officer of SONARWA s.a.
Mr Karekezi holds a Bachelor’s Degree in Economics (Burundi), a Master’s Degree in Management (Burundi) and a Master’s in Business Administration (UK). He speaks English, French and Swahili fluently and has contributed significantly to the development of the industry in Africa.
He currently sits on several Boards of continental companies and institutions. He is the current Vice Chairman of Africa Re South Africa Ltd. (SA) and Africa Retakaful Corporation (Egypt), Member of the Board of Shelter Afrique, the leading pan-African housing finance company, and Member of the Executive Committee of the African Insurance Organization (AIO).