Reinsurance News
Africa
IFC targets $50m guarantee support for African reinsurer ZEP-RE
11th March 2026
The World Bank's International Finance Corporation (IFC) is arranging a guarantee facility of up to $50 million to cover the reinsurance credit risk of ZEP-RE, a leading reinsurer in Africa headquartered in Nairobi, Kenya. Established in 1990, ZEP-RE delivers "inclusive & innovative" re/insurance solutions across the continent to close the protection ... Read the full article
Africa Specialty Risks names Kotran as Head of Business Development, Middle East & Turkey
3rd March 2026
Africa Specialty Risks (ASR), the developing-markets-focused re/insurance group, has appointed Joseph Kotran as Head of Business Development, Middle East and Turkey. In his new role, Kotran will lead business development initiatives across the region and work closely with Amit Khilosia to support the group underwriting teams. Additionally, he will collaborate with Zouheb ... Read the full article
Zambian reinsurer Klapton Re to list on Lusaka Securities Exchange
2nd February 2026
Zambia-based reinsurer Klapton Re is set to list directly on the Lusaka Securities Exchange Plc (LuSE) on March 24th, 2026, subject to regulatory approval, reaffirming the reinsurer’s continued growth, and the increasing sophistication and resilience of Zambia’s financial markets. Established in 2020, Klapton Re provides facultative and treaty reinsurance services across ... Read the full article
Walter Voigts-von Foster becomes CEO of Munich Re Africa
2nd February 2026
Walter Voigts-von Foster has been appointed Chief Executive Officer (CEO) of Munich Re Africa, a role he will hold alongside his responsibilities as Head of Non‑Life. “It’s a privilege to lead such a fantastic team, and I’m excited about what we will continue to achieve together as we deliver on our ... Read the full article
Floods in Malawi and Mozambique trigger REPAIR’s parametric coverage
30th January 2026
The floods devastating Malawi and Mozambique have triggered the Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme’s prametric trigger, resulting in a disbursement of over $22.3 million within seven business days to support urgent national flood response operations in the countries, enabling governments to mobilise immediate relief. As participating ... Read the full article
Alchemy & Buckhill deliver modern and data-first digital framework for Santam’s Lloyd’s market entry
12th January 2026
Santam Syndicate 1918 at Lloyd’s now benefits from a new Policy Administration System (PAS) and digital operating platform. This rapid implementation, completed in under three months, was achieved through a partnership between Santam, a major South African insurance company, and technology partners Alchemy Technology Services and Buckhill. The platform, powered by Buckhill’s ... Read the full article
ASR renews Baobab Consortium with increased capacity of up to $26m per risk
2nd January 2026
Africa Specialty Risks (ASR), a re/insurance group specialising in Africa and the Middle East, has announced the renewal of Baobab, the first Lloyd’s Consortium focused exclusively on Africa, with an increase in capacity of up to USD 26 million per risk. The Baobab Consortium, launched on January 1, 2025, is ... Read the full article
Continental Re relocates Group Holding Company to Botswana
11th December 2025
Continental Reinsurance Holdings, an African reinsurance group with a presence across more than 50 countries, has officially moved its Group Holding Company from Mauritius to the Republic of Botswana. The move comes after fulfilling all regulatory, statutory, and logistical obligations and marks an important milestone in the Group’s expansion plans, emphasising ... Read the full article
Santam secures final approval to launch Syndicate 1918 at Lloyd’s
1st December 2025
Santam Group, a major South African insurance company, has been granted Lloyd’s final permission for its Santam Syndicate 1918 to underwrite for business beginning on or after January 1, 2026. The new Syndicate will introduce Santam’s established expertise and unique culture to the global specialty insurance market, focusing on Southern Africa ... Read the full article
ICIEC welcomes Republic of Sierra Leone as Member Country
26th November 2025
The Republic of Sierra Leone has become the 51st member of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group. This move highlights ICIEC’s growing reach across Sub-Saharan Africa, and underscores Sierra Leone's commitment to bolstering ... Read the full article
REPAIR programme’s Phase 2 extends to Angola, Burundi, Malawi, Seychelles and Zambia
28th July 2025
The World Bank has approved the accession of five countries - Angola, Burundi, Malawi, Seychelles, and Zambia - under Phase 2 of the Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) programme. This widens the programme’s geographical reach, boosting its ability to enhance the resilience of vulnerable populations in Eastern ... Read the full article
LMA, IUA, and LIIBA report drop in trade credit insurance claims for 2024, with Africa leading totals
25th July 2025
A new report recently released has highlighted a significant reduction in the number and value of trade credit insurance claims worldwide. The data comes from an annual market survey conducted by A2Z Risk Services on behalf of the Lloyd’s Market Association (LMA), the International Underwriting Association (IUA), and the London & ... Read the full article
SanlamAllianz Re’s Synapse 2025 a catalyst for collaboration on Africa’s future
29th May 2025
SanlamAllianz Re’s Synapse 2025 event served as a catalyst for bold dialogue, strategic partnerships, and forward-thinking innovation, reinforcing confidence in Africa’s future, according to the reinsurance provider’s CEO, Ilyes Hassib. More than just a conference, the three-day Synapse 2025 event in Mauritius brought together participants to engage with bold ideas, challenge ... Read the full article
Re/insurers a vital partner in infrastructure development in Africa: AIO
28th May 2025
Re/insurers can play a vital role in supporting infrastructure development in Africa through risk mitigation solutions and by acting as significant institutional investors, according to a recent report by the African Insurance Organisation (AIO). The report highlights Africa’s significant infrastructure deficit. The continent needs $495.6 billion annually until 2030 to meet ... Read the full article
REPAIR programme supports Mozambique’s cyclone recovery
14th April 2025
The Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme, a collaborative initiative led by the World Bank, supported by the Global Shield Financing Facility (GSFF), and implemented by ARC Ltd., an affiliate of the African Risk Capacity Group, has demonstrated the crucial role of swift disaster response. Just two ... Read the full article
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