African Reinsurance Corporation Contacts| African Reinsurance Corporation Contacts, Email Address And Phone Numbers.

African Reinsurance Corporation Contacts| African Reinsurance Corporation Contacts, Email Address And Phone Numbers.

See African Reinsurance Corporation Contacts| African Reinsurance Corporation Contacts, Email Address And Phone Numbers.

African Reinsurance Corporation Contacts| African Reinsurance Corporation Contacts, Email Address And Phone Numbers. View African Reinsurance Corporation Contacts below.

African Reinsurance Corporation-who are they?

Following a recommendation of the African Development Bank (AfDB), the African Reinsurance Corporation (Africa Re) was established on 24 February, 1976 in Yaounde, Cameroon. An international Agreement was signed by the Plenipotentiaries of 36 member States of the Organization of African Unity (OAU) and the AfDB with the aim of reducing the outflow of foreign exchange from the continent by retaining a substantial proportion of the reinsurance premiums generated therein…

That Agreement, known and referred to as the Agreement Establishing the African Reinsurance Corporation confers on Africa Re its current status as well as the legal authority to operate. As at today, Africa Re has 41 member States representing 38.75 % of the capital (end 2010) in addition to the AfDB, which is among the single largest shareholders with 8% of the capital (end 2010).

The Agreement also empowers any member State to authorize a national institution, either a bank or an insurance company acting on its behalf, to purchase the shares reserved for the State. In order to allow its cedants to share the Corporation’s fortune and participate more closely in its affairs, one-third of Africa Re’s capital was opened up in 1992 to insurance companies with a majority indigenous shareholding.

Contact Details

• Plot 1679, Karimu Kotun Street, Victoria Island, Eti Osa, Lagos, Nigeria

African Reinsurance Corporation (south Africa) Ltd
Address: N-Wing 3 Oakhurst Bldg, 11 St Andrews Rd, Parktown, Gauteng, 2193, South Africa
City of Johannesburg
Post Office box: 3013, Houghton, Sandton, 2041
Phone number: 011 484 1606, 011 484 1970, 011 484 3764,, Fax: 011 484 1001
Categories: Insurance Companies & Agencies,