Pan-African reinsurer Continental Reinsurance has received approval from the National Bank of Rwanda to establish a representative office in Kigali.
Moody's Ratings (Moody's) yesterday upgraded ASR Re's insurance financial strength rating (IFSR) to 'A3' from 'Baa1'. The outlook has been changed to 'Stable' from 'Positive.'
Africa Finance Corporation (AFC), the continent's leading infrastructure solutions provider, has established a Bermudian wholly owned subsidiary, AFC Captive Insurance Company Ltd (AFC Captive), to enhance its risk management capabilities and support the continued growth of its infrastructure financing activities across Africa.
Having previously served as General Manager for Kenya, bolttech has promoted Ms Bente Krogmann to the role of General Manager, Africa, an expanded regional role leading the InsurTech's business across the region, including Kenya and South Africa.
Nevis-based Omnia Re and Mauritius-headquartered Neema Insurance Managing Agency have announced a strategic partnership aimed at expanding access to specialist reinsurance solutions across Africa and other emerging markets.
The African Reinsurance Corporation (Africa Re) has delivered a robust operating performance in the first half of 2026. Insurance service revenue rose by 8.5% to $664.8m, with growth recorded in the vast majority of the company's profit centres and supported by new business and stronger renewal retention.
NSIA Assurances Vie and BGFIBank Cameroon have deepened their collaboration by expanding their bancassurance partnership to offer education endowment plans and retirement protection products.
Continental Reinsurance (Continental Re) has launched its initial public offering (IPO) on the Botswana Stock Exchange, marking the first public offering by a reinsurer in the country.
Chanas Assurances, one of Cameroon's three largest non-life insurers, plans to more than double its share capital to FCFA13.27bn ($233.7m) from CFA6.05bn at present, a net increase of 119.35%.
The Holmarcom group's proposed acquisition of BMCI, the Moroccan subsidiary of the French giant BNP Paribas, currently awaiting regulatory approval, is shining the spotlight on the group's plans for insurance and banking in Africa.