Africa Re Endorses 5-Year Expansion Plan, to Open new HQ in Sudan

The African Reinsurance Corporation (Africa Re)’s board of directors endorsed a five-year strategy (2014 – 2019) to develop insurance and reinsurance industry in the continent, said Board Chairman Hassan Boubrik.

On the sidelines of the 36th Annual Ordinary Meeting of Africa Re’s General Assembly held in Cairo today, Boubrik stated that the corporation will be opening its new headquarters in the Sudan.

He further elaborated that Africa Re has already maintained its presence in Accra, Algeria as well as Brazil, with the aim of bolstering its activities in Latin America.

Egypt is hosting on Thursday the 36th Annual Ordinary Meeting of Africa Re’s General Assembly.

The corporation used to hold its Annual General Assembly Meeting in a member country and the opening ceremonies of these meetings usually presides by the countries presidents or governors as a kind of support to this regional project and to crown her role in the growth of Africa.

The African Reinsurance Corporation is an international financial institution comprising 41 member countries of the African Union and Development Finance Institutions , as well as the about 100 insurance and reinsurance companies operating in member countries and IRB- Brasil Re.