Standard & Poor’s Reaffirms Africa Re’s Financial Rating at A- (Strong) with Stable Outlook

About Africa Re

Established in 1976 by 36 member states of the African Union (AU) and the African Development Bank Group (AfDB), the African Reinsurance Corporation (Africa Re) is the leading reinsurance company in Africa and the Middle East.

In 2019, Africa Re premium income stood at US$ 845 million while its shareholding capital was US$ 975 million.

Africa Re is a pan-African financial institution whose shareholding is split between African shareholders (75%) and non-African investors (25%). African shareholding comprises 41 African states, the AfDB and 114 African insurance/reinsurance companies from the 41 member countries. Headquartered in Lagos (Nigeria), Africa Re has a 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 fully owned subsidiaries: Africa Re (South Africa) Ltd in Johannesburg and Africa Retakaful Ltd in Cairo (Egypt).

Media Relations

Manager, Corporate Communications – Mr. A. ADOGBO or


AM Best Affirms Africa Re’s Financial Rating at A (Excellent) with Stable Outlook
Download PDF English 486 KB
For further information please contact
+27 11 351 9596 |