Egypt will host the 36th Annual Ordinary Meeting of the General Assembly of African Reinsurance Corporation (Africa Re) from 15-20 June.
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.
On this occasion, Sherif Samy – Chairman of the Egyptian Financial Supervisory Authority (EFSA) – has extended his great appreciation to the shareholders and management of Africa Re for accepting the invitation of the Arab Republic of Egypt to host this unique event for the second after being honored to host the 28th general assembly meeting in 2006.
Meanwhile, Dr. Mohammed Maait – Head of the Local Organizing Committee and Deputy Chairman of the EFSA – stated that Africa Re contributions to the growth and viability of the insurance industry in Africa are quite significant.
“The Arab Republic of Egypt as a founding member of Africa Re is proud of its contributions to the economic integration of our continent.” He noted
“We wish to seize this opportunity to appreciate this success story of our regional cooperation, assuring our continued support through the African Re Cairo regional office.”
Furthermore, Maait said selecting Cairo to host this event is concrete manifestation of the support of the Egyptian insurance market to the African institutions in general, and Africa Re in particular.