Mohandes Insurance to invest $45mln in FY23/24
Egypt's Mohandes Insurance is planning to invest 1.39 billion Egyptian pounds ($45 million) during the financial…
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African Reinsurance Corporation
Egypt’s Misr Emirates Life Takaful renews reinsurance deals with Gen Re for 2023
Misr Emirates Life Takaful – Salama has renewed its reinsurance contracts for another year, its managing director…
Egypt hosts African Re meetings first time since COVID-19 outbreak
Egypt is hosting on Wednesday the representatives of 42 African countries at the General Assembly and the Board of…
S&P affirms Africa Re rating at ‘A-’, outlook at ‘stable’
Ratings agency Standard & Poor's (S&P) has recently affirmed the African Reinsurance Corporation’s (Africa…
African Reinsurance distributes $3.3mn to fight against coronavirus in Africa
African Reinsurance Corporation (Africa Re) has decided to distribute $3.3. million to support the fight against…
African Reinsurance’s Egypt investments rise to $158.7 mln
African Reinsurance Corporation’s (Africa Re) total investment portfolio in Egypt climbed to around 2.5 billion…
African Reinsurance Corp pumps $50 mln into technical reserves
The African Reinsurance Corporation’s (Africa Re) board has decided in recent meeting to pump $20 million into the…
Africa Reinsurance: Egypt investments have risen to $40 million at 2016-end
African Reinsurance Corporation (Africa Re) says investment portfolio in Egypt has surged to $40 million at the end…
Africa Reinsurance sees 4% in 2017 Egypt premiums after float
African Reinsurance Corporation (Africa Re) said Wednesday that it expects this year premiums in Egypt would shrink…
A.M. Best upgrades African Reinsurance’s rating to A
A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit…
Africa Re to convene next June to set its 2016 budget
African Reinsurance Corporation (Africa Re), Africa’s sole reinsurer, has paid compensation worth $346.18 million…
Africa Reinsurance to open its regional office in Sudan next July
African Reinsurance Corporation (Africa Re), Africa’s leading reinsurer, is to inaugurate its resident office in…
Africa Re 2015 net profit hit $1.03 million: regional director
African Reinsurance Corporation (Africa Re), Africa’s leading reinsurer, posted a 12.8 percent fall in net profit…
African Reinsurance successfully places capital increase to $500 million
African Reinsurance Corporation (Africa Re), Africa’s leading reinsurer, has completed a plan to increase its…
Africa Re to establish HQ in Egypt
African Reinsurance Corporation (Africa Re), Africa’s leading reinsurer, is to inaugurate a new headquarters in…
Africa Re records premium income of $38.3 million in Egypt
African reinsurer Africa Re says its premium income in Egypt recorded 300 million Egyptian pounds (US$38.3…
Africa Re’s investments in Egypt hit US$25 million
African Reinsurance’s investment portfolio in Egypt currently stands at US$25 million, equivalent to 195.7 million…
African Reinsurance: Gross written premium 1.8% up in 6 months
The African Reinsurance Corporation (Africa Re), the leading reinsurer in Africa, has secured a half year gross…
Takaful Insurance Industry sees US$20 billion Premiums Globally at end-2017
Takaful insurance industry is expected premium growth to US$20 billion globally by end of 2017, head of the…
Africa Re: 2014 Total Investments hit US$893 million
The African Reinsurance Corporation (Africa Re) registered a growth in total investments to US$893 million by end…
Wethaq Takaful to Start Reinsurance Renewal Talks with GIC India early December
Egypt’s Wethaq Takaful Insurance plans to start talks to renew reinsurance treaties with a number of global…
Africa Re allocates 2% of Profits to the Social Responsibility Fund
The African Reinsurance Corporation (Africa Re)'s General Assembly approved in its latest meeting held Thursday,…
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…
Africa Re’s Rating Likely to be Raised to ‘a’
The credit rating of the African Reinsurance Corporation (Africa Re) is expected to be raised to "A" within the…
Cairo Hosts Africa Re’s 36th Annual Ordinary Meeting in June
Egypt will host the 36th Annual Ordinary Meeting of the General Assembly of African Reinsurance Corporation (Africa…
Africa Re Eyes New Expansions in Brazil, China
African Reinsurance Corporation (Africa Re) is planning to make overseas expansions in Brazil and China within the…
Africa Re Eyes US$770 mln Premiums by 2014-end
African Reinsurance Corporation (Africa Re) is planning to attain total premiums of US$ 730 million by the end of…
Africa Re Plans to Open 2 New Regional Offices in Ghana, Sudan
The African Reinsurance Corporation (Africa Re) plans to inaugurate two new regional offices in Africa within the…
Africa Re Eyes US$ 770 Mln Premiums In 2013
African Reinsurance Corporation (Africa Re) targets to achieve premiums of US$ 770 million by the end of 2013, said…
Africa Re Eyes Launching 4 New Regional Offices
The African Reinsurance Corporation (Africa Re) plans to inaugurate four new regional offices in Africa in the…