Africa Re reaffirms commitment to insurance development in Africa

Africa Reinsurance Corporation (Africa Re) has reaffirmed its commitment to developing Africa insurance industry with the organisation of its 3rd edition of the African Insurance Awards in Kampala, Uganda, during recently concluded 44th AIO annual conference.

Corneille Karekezi, Group CEO of Africa Re in his speech recalled that the African Insurance Awards is “ an initiative which falls within the mandate and mission of the African Reinsurance Corporation, namely to foster the development of insurance and reinsurance in Africa and to contribute to the economic development of the African Continent “

This 3rd edition was graced with the presence of the Speaker of Parliament of the Republic of Uganda, Hon. Rebecca Kadaga who, in her speech, thanked Africa Re “for taking an initiative to award the outstanding performers and challenge each one of us here present to borrow a leaf “. The Award giving ceremony which took place at the Lake Victoria Serena Golf Resort & Spa, Kampala, gathered about 1000 insurance professionals from all over the world to witness the honouring of another extraordinary innovation, another outstanding CEO and another exceptional corporate performance in the African insurance industry.

Winners of this 3rd African Insurance Awards include Sanlam Emerging Markets, South Africa as Insurance Company of the Year; Delphine Traoré Maidou, former CEO of Allianz Global Corporate & Specialty (South Africa) and current Chief Operating Officer of Allianz SE Africa, Morocco is the CEO of the year and Takaful Insurance of Africa & The International Livestock Research Institute, Kenya won Innovation of the Year

The African Reinsurance Corporation (Africa Re) is the largest and best rated reinsurance company based in Africa. It is rated “A” by A.M. Best and “A-” by Standards & Poor’s. It is ranked among the top 40 reinsurance groups in the world. It was established at the initiative of the African Development Bank in 1976. Its shareholding structure includes 41 African States, the African Development Bank, 111 African insurance and reinsurance companies and 3 non-African investors among the leading global insurers and reinsurers from Europe, Canada and Brazil.