CORPORATE PROFILECORPORATE PROFILE

The existence of Continental Reinsurance Plc, (“Continental Re” or “the Company”) dates back to 1985 when it was incorporated as a private reinsurance company in Nigeria. It commenced business as a general reinsurer in January 1987 and became a composite reinsurer in January 1990, providing Life and Non-Life reinsurance on both a treaty and facultative basis and has a well-diversified business mix and customer base.

 
In line with the business objectives of its founders, to be a leading reinsurance company in Africa, the Company was converted to a public limited liability Company in 2000, and recapitalized from NGN 2 billion to NGN 10 billion in 2007 with widespread ownership including international investors. The Company was listed on the Nigeria Stock Exchange on May 30, 2007. Continental Re has since become an international company managed by seasoned professionals and complying with international standards in its business dealings.

 

 

OFFICE LOCATION

 

The corporate head office is in Lagos, Nigeria. The office also doubles as a regional office with other regional offices in Douala, Cameroon and Nairobi, Kenya. The Lagos regional office covers the Anglophone West African countries; the regional office in Douala, Cameroon covers all Francophone denominated businesses in the West and Central Africa regions while the regional office in Nairobi, Kenya covers Eastern and Southern Africa businesses. The Company is on the verge of obtaining a license for an office in Tunis that will cover businesses in North Africa and the Maghreb countries.  In view of this strategic positioning across Africa, Continental Re has significant business activities in over 40 African countries.

 

CREDIT RATING

 

Continental Re is rated by AM Best, London. The Company was rated “B” in 2009 and again in 2010 which reaffirmed its financial strength and has sustained BB+ rating for insurer credit since 2008. In order to write more qualitative businesses and for better assessment of risks, a Risk and Research department was set up in 2009. The department is headed by an energetic and astute actuary. In 2010 the Non-Life and Life businesses were separated and are headed by seasoned and experienced professionals in order to improve the quality of businesses and to ensure efficient management of various reinsurance portfolios.

 
 

PRODUCTS AND SERVICES

 

The Company provides first class covers in all classes of reinsurance, traditionally non-life and life treaty and facultative reinsurance, supported by first class retrocessionaires in the London and African Reinsurance markets.   Continental Re’s products and services cut across Fire, Energy, Marine, Liability, Accident and Life, both individual and group life.

 

To improve its profitability, the Company has a solid Investment portfolio, managed by high level investment professionals with a diversified investment focus, in order to meet future claim obligations, limit the Company’s exposure to investment risk, preserve shareholders’ capital and thus maximize total return on investment.

 

The Company also provides top-class specialized training and development programmes to its esteemed clients in various classes of insurance and reinsurance portfolios including fire, energy, business interruption, international reinsurance, life and pension, motor and general accident insurance and engineering/bond insurance.

 

 

 

OUR PEOPLE

 

Continental Re is managed by highly talented, motivated and seasoned professionals. The Company has a profile of stable management over the years and effective organizational renewal with employment of seasoned professionals who are supported with relevant training and development programmes.

 

 

 

NEW BRAND IDENTITY

 

The quest for transformation and business leadership in Africa has led to the very recent change in Continental Re’s brand identity.  The geometrical shapes form a basic CR shape which is an abbreviation of Continental Reinsurance. The choice of colours reflects the essence of the business: Blue symbolizes friendship, calmness and hope; Green represents growth, protection and prosperity while Gray stands for security, maturity and dependability. Continental Re’s new philosophy is “Sustainable Trust’’.

 

 

CORPORATE PERFORMANCE

 

The Company’s gross premium has grown at an average rate of over 45% over the last five years from NGN 2.6 billion in 2006 to NGN 11.6 billion in 2010. With the on-going strategic focus of the Company, the trend of exceptional growth is expected to continue in the coming years.
 

 

Following the same trend, Continental Re’s assets grew from NGN 4.2 billion in 2006 to NGN 18.7 billion in 2010.

CORPORATE PROFILE

The existence of Continental Reinsurance Plc, (“Continental Re” or “the Company”) dates back to 1985 when it was incorporated as a private reinsurance company in Nigeria. It commenced business as a general reinsurer in January 1987 and became a composite reinsurer in January 1990, providing Life and Non-Life reinsurance on both a treaty and facultative basis and has a well-diversified business mix and customer base.

 
In line with the business objectives of its founders, to be a leading reinsurance company in Africa, the Company was converted to a public limited liability Company in 2000, and recapitalized from NGN 2 billion to NGN 10 billion in 2007 with widespread ownership including international investors. The Company was listed on the Nigeria Stock Exchange on May 30, 2007. Continental Re has since become an international company managed by seasoned professionals and complying with international standards in its business dealings.

 

OFFICE LOCATION

The corporate head office is in Lagos, Nigeria. The office also doubles as a regional office with other regional offices in Douala, Cameroon and Nairobi, Kenya. The Lagos regional office covers the Anglophone West African countries; the regional office in Douala, Cameroon covers all Francophone denominated businesses in the West and Central Africa regions while the regional office in Nairobi, Kenya covers Eastern and Southern Africa businesses. The Company is on the verge of obtaining a license for an office in Tunis that will cover businesses in North Africa and the Maghreb countries.  In view of this strategic positioning across Africa, Continental Re has significant business activities in over 40 African countries.

 

CREDIT RATING

Continental Re is rated by AM Best, London. The Company was rated “B” in 2009 and again in 2010 which reaffirmed its financial strength and has sustained BB+ rating for insurer credit since 2008. In order to write more qualitative businesses and for better assessment of risks, a Risk and Research department was set up in 2009. The department is headed by an energetic and astute actuary. In 2010 the Non-Life and Life businesses were separated and are headed by seasoned and experienced professionals in order to improve the quality of businesses and to ensure efficient management of various reinsurance portfolios.

 
 

PRODUCTS AND SERVICES

The Company provides first class covers in all classes of reinsurance, traditionally non-life and life treaty and facultative reinsurance, supported by first class retrocessionaires in the London and African Reinsurance markets.   Continental Re’s products and services cut across Fire, Energy, Marine, Liability, Accident and Life, both individual and group life.

 

To improve its profitability, the Company has a solid Investment portfolio, managed by high level investment professionals with a diversified investment focus, in order to meet future claim obligations, limit the Company’s exposure to investment risk, preserve shareholders’ capital and thus maximize total return on investment.

 

The Company also provides top-class specialized training and development programmes to its esteemed clients in various classes of insurance and reinsurance portfolios including fire, energy, business interruption, international reinsurance, life and pension, motor and general accident insurance and engineering/bond insurance.

 

 

OUR PEOPLE

Continental Re is managed by highly talented, motivated and seasoned professionals. The Company has a profile of stable management over the years and effective organizational renewal with employment of seasoned professionals who are supported with relevant training and development programmes.

  

 

NEW BRAND IDENTITY

The quest for transformation and business leadership in Africa has led to the very recent change in Continental Re’s brand identity.  The geometrical shapes form a basic CR shape which is an abbreviation of Continental Reinsurance. The choice of colours reflects the essence of the business: Blue symbolizes friendship, calmness and hope; Green represents growth, protection and prosperity while Gray stands for security, maturity and dependability. Continental Re’s new philosophy is “Sustainable Trust’’.

 

CORPORATE PERFORMANCE

The Company’s gross premium has grown at an average rate of over 45% over the last five years from NGN 2.6 billion in 2006 to NGN 11.6 billion in 2010. With the on-going strategic focus of the Company, the trend of exceptional growth is expected to continue in the coming years.
 

 

Following the same trend, Continental Re’s assets grew from NGN 4.2 billion in 2006 to NGN 18.7 billion in 2010.

 

The existence of Continental Reinsurance Plc, (“Continental Re” or “the Company”) dates back to 1985 when it was incorporated as a private reinsurance company in Nigeria. It commenced business as a general reinsurer in January 1987 and became a composite reinsurer in January 1990, providing Life and Non-Life reinsurance on both a treaty and facultative basis and has a well-diversified business mix and customer base.

 
In line with the business objectives of its founders, to be a leading reinsurance company in Africa, the Company was converted to a public limited liability Company in 2000, and recapitalized from NGN 2 billion to NGN 10 billion in 2007 with widespread ownership including international investors. The Company was listed on the Nigeria Stock Exchange on May 30, 2007. Continental Re has since become an international company managed by seasoned professionals and complying with international standards in its business dealings.

 

 

OFFICE LOCATION

 

The corporate head office is in Lagos, Nigeria. The office also doubles as a regional office with other regional offices in Douala, Cameroon and Nairobi, Kenya. The Lagos regional office covers the Anglophone West African countries; the regional office in Douala, Cameroon covers all Francophone denominated businesses in the West and Central Africa regions while the regional office in Nairobi, Kenya covers Eastern and Southern Africa businesses. The Company is on the verge of obtaining a license for an office in Tunis that will cover businesses in North Africa and the Maghreb countries.  In view of this strategic positioning across Africa, Continental Re has significant business activities in over 40 African countries.

 

CREDIT RATING

 

Continental Re is rated by AM Best, London. The Company was rated “B” in 2009 and again in 2010 which reaffirmed its financial strength and has sustained BB+ rating for insurer credit since 2008. In order to write more qualitative businesses and for better assessment of risks, a Risk and Research department was set up in 2009. The department is headed by an energetic and astute actuary. In 2010 the Non-Life and Life businesses were separated and are headed by seasoned and experienced professionals in order to improve the quality of businesses and to ensure efficient management of various reinsurance portfolios.

 
 

PRODUCTS AND SERVICES

 

The Company provides first class covers in all classes of reinsurance, traditionally non-life and life treaty and facultative reinsurance, supported by first class retrocessionaires in the London and African Reinsurance markets.   Continental Re’s products and services cut across Fire, Energy, Marine, Liability, Accident and Life, both individual and group life.

 

To improve its profitability, the Company has a solid Investment portfolio, managed by high level investment professionals with a diversified investment focus, in order to meet future claim obligations, limit the Company’s exposure to investment risk, preserve shareholders’ capital and thus maximize total return on investment.

 

The Company also provides top-class specialized training and development programmes to its esteemed clients in various classes of insurance and reinsurance portfolios including fire, energy, business interruption, international reinsurance, life and pension, motor and general accident insurance and engineering/bond insurance.

 

 

 

OUR PEOPLE

 

Continental Re is managed by highly talented, motivated and seasoned professionals. The Company has a profile of stable management over the years and effective organizational renewal with employment of seasoned professionals who are supported with relevant training and development programmes.

 

 

 

NEW BRAND IDENTITY

 

The quest for transformation and business leadership in Africa has led to the very recent change in Continental Re’s brand identity.  The geometrical shapes form a basic CR shape which is an abbreviation of Continental Reinsurance. The choice of colours reflects the essence of the business: Blue symbolizes friendship, calmness and hope; Green represents growth, protection and prosperity while Gray stands for security, maturity and dependability. Continental Re’s new philosophy is “Sustainable Trust’’.

 

 

CORPORATE PERFORMANCE

 

The Company’s gross premium has grown at an average rate of over 45% over the last five years from NGN 2.6 billion in 2006 to NGN 11.6 billion in 2010. With the on-going strategic focus of the Company, the trend of exceptional growth is expected to continue in the coming years.
 

 

Following the same trend, Continental Re’s assets grew from NGN 4.2 billion in 2006 to NGN 18.7 billion in 2010.