Menu

Reinsurance News

Africa Re offers $3.3mn to support pandemic resistance

29th July 2020 - Author: Matt Sheehan

Pan-African reinsurer Africa Re has announced that it will offer US $3.3 million in financial support to various governments and private institutions to help resist the impacts of the COVID-19 pandemic.

Managed by the Africa Re Foundation, the funds will aid awareness campaigns, preventive measures, acquisition of medical equipment and personal protective equipment.

Africa Re Foundation is an independent institution set up to handle the corporate responsibility projects of Africa Re.

Cities with Africa Re offices in them will collectively receive $2 million, split across Lagos, Johannesburg, Nairobi, Cairo, Abidjan, Casablanca, Mauritius and Addis Ababa.

Additionally, $820,000 will be allocated to the 41 associations of insurers in the member states of Africa Re.

RMS

And a further $500,000 will be granted to the Africa Centre for Disease Control and Prevention, a public health agency of the African Union.

“Staying together with our communities in the fight against the COVID-19 pandemic is in line with Africa Re’s mission,” said Corneille Karekezi, Group Managing Director and CEO of Africa Re.

“This is a duty, as well as a matter of pride, to contribute to the risk mitigation of the health crisis and its socio-economic fallout”, said Dr Corneille Karekezi, the group managing director and CEO of the pan-African reinsurer.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Ping An to launch joint ventures with Shionogi

Chinese insurance company, Ping An and Shionogi have signed agreements to launch joint ventures in Shanghai and Hong Kong. These...

Close