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Who We Are

 

Key Milestones

1985

Corporate registration

1987

Launched Non-Life business

1990

Launched Life business

2004

Opened regional office in Douala, Cameroon

2007

Recapitalized from NGN2b (US$13m) to NGN10b (US$70m); Listed on the Nigerian Stock Exchange

2008

Opened regional office in Nairobi, Kenya

2012

Launched fully licenced subsidiary, Continental Re Ltd in Nairobi, Kenya; opened regional office in Abidjan, Cote d’Ivoire

2013

Opened regional office in Tunis, Tunisia

2014

Opened subsidiary in Gaborone, Botswana

Continental Reinsurance is a pan-African composite reinsurer offering both Treaty and Facultative capacity and services across the full spectrum of Non-Life and Life business lines.  Our clients enjoy unparalleled reinsurance underwriting, claims, advisory and training services.

 

What makes us different?

 

We are truly pan-African. With a history spanning more than 25 years, we pride ourselves on being the ‘torch bearer’ of the African Reinsurance sector, developing an extensive network of offices to reach our clients across Africa. In October 2012, we were the first African reinsurance company (outside South Africa) to become a signatory to the UNEP FI Principals for Sustainable Insurance, demonstrating our commitment to accountability, and transparency in managing environmental, social and governance issues throughout our business.

 

We have six client service centres in Nigeria, Cameroon, Cote d’Ivoire, Kenya, Tunisia and Botswana. From our Nigerian headquarters, we have grown a diversified portfolio in more than 44 countries, adding value wherever we go, and developing enduring partnerships premised on ‘Pan-African commitment made local’.

 

We have a strong balance sheet and capital base complemented by a peerless service culture, unrivalled in-house actuarial expertise, a strict Enterprise Risk Management (ERM) framework, and an experienced Oil and Gas Speciality Practice, which are all factors ensuring that we stand out from the crowd.

 

Our history

 

Continental Reinsurance Plc. was incorporated in 1985 starting business as a private reinsurance company in Nigeria. From January 1987, we began operating as a general reinsurer and then became a composite reinsurer in January 1990, offering both treaty and facultative Life and Non-Life reinsurance, with a well-diversified business mix and customer base.

 

As part of our overall company goal to become a recognized leading reinsurance company in Africa, we converted to a public limited liability company in 2000. We recapitalized to NGN 10 billion in 2007, with widespread ownership including international investors, and on May 30, 2007, Continental Reinsurance was listed on the Nigerian Stock Exchange. We continue to operate as an international company managed by seasoned professionals, complying with international standards in all our business dealings.