in­dus­try awards Africa re tops for con­tri­bu­tion to mar­ket de­vel­op­ment

RISKAFRICA Magazine - - NEWS -

Africa Re, the largest rein­sur­ance com­pany in Africa and the Mid­dle East, re­ceived mul­ti­ple awards in 2012 for con­tri­bu­tions to in­sur­ance growth and de­vel­op­ment in Africa. The cor­po­ra­tion is head­quar­tered in La­gos, Nige­ria, with re­gional of­fices and sub­sidiaries spread across ma­jor mar­kets on the con­ti­nent.

The awards in­cluded the Spe­cial Recog­ni­tion Award by the African In­sur­ance Or­gan­i­sa­tion (AIO) in recog­ni­tion for con­tri­bu­tions to in­sur­ance and rein­sur­ance de­vel­op­ment on the con­ti­nent over the past 40 years; Best Re­gional Re­taka­ful Com­pany by the In­ter­na­tional Re­taka­ful Sum­mit; and Best Rein­sur­ance Com­pany 2012 for African Gov­er­nance and Cor­po­rate Lead­er­ship by the In­sti­tute for Govern­ment Re­search and Lead­er­ship Tech­nol­ogy.

The 36-year-old in­sti­tu­tion has main­tained top rat­ings (A-) with Stan­dard & Poor’s (S&P) and AM Best.

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