Our core service products
We offer services across the full spectrum of non-life and life business lines. Our clients enjoy unparalleled reinsurance underwriting, claims, advisory and training services.
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Our Footprint
Continental Reinsurance currently operates from six strategic locations across the continent through a combination of regional and subsidiary offices.
Our Footprint
The group’s non-life gross written premium grew by 36% in 2019 over the performance in 2018 from NGN30.03 billion to NGN40.87 billion.
The group’s performance in 2019 is further confirmation of the continued viability of Continental Re’s geographical expansion strategy. This has helped to further achieve penetration into and deepening of our markets and resulted in spreading and diversification of risk. As earlier stated, for effective coverage of the African continent, Continental Re currently operates in six strategic locations across the continent through a combination of regional and subsidiary offices.
In 2019 the Lagos business constituted 42% of the total non-life business compared the previous year’s contribution of 43%. On the other hand, Nairobi and Gaborone subsidiary contributed 25% and 15% compared to the contribution of 22% and 14% respectively in 2018. Douala subsidiary contributed 4% while Tunis and Abidjan offices contributed 9% and 4% each to the total non-life premium.
Life business grew significantly in 2019 by 63% to NGN6.79 billion from NGN4.16 billion in 2018.
Africa
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The group’s non-life gross written premium grew by 20% in 2020 over the performance in 2019 from NGN40.87 billion to NGN48.95 billion. This performance is a further confirmation of the positive impact of the regional expansion strategy adopted by Management.
The group’s performance in 2020 is further confirmation of the continued viability of Continental Re’s geographical expansion strategy. This has helped to further achieve penetration into and deepening of our markets and resulted in spreading and diversification of risk. Continental Re currently operates in six strategic locations across the continent through a combination of regional and subsidiary offices.
In 2020, the Lagos business constituted 38% of the total non-life business compared to the previous year’s contribution of 42%. On the other hand, Nairobi and Gaborone subsidiary contributed 26% and 16% compared to the contribution of 25% and 15% respectively in 2019. Douala subsidiary contributed 4% while Tunis and Abidjan offices contributed 10% and 6% each to the total non-life premium.
The business performance by class in 2020 was moderate across all classes with fire taking the lead as usual. The percentage contributions to total non-life premium by business lines were 47% for Fire, 18% for General Accident, Engineering at 14%, Marine at 8%. Energy and liability contributed 6% and Agriculture 2%.
Group life contributed 96% of the total premium of NGN4.69 billion generated in 2020, up by 1% from 95% contribution in 2019. This mix still shows the continued dominance of the Group life business, a trend expected to continue over the next couple of years mainly due to the impact of the Nigerian Pension Reform Act where the bulk of the premiums are generated. The trend is however expected to taper as the individual life business is beginning to gain more acceptance.
Our Offices
Lagos office
Ogadi Onwuaduegbo
General Manager (Operations)
Contact details
Continental Reinsurance Plc
17 Olosa Street, Victoria Island, Lagos P.O Box 2401 Lagos, Nigeria
Tel: +234 708067 1600
E-mail: OOnwuaduegbo@continental-re.com
Douala office
Oumar BA
Managing Director, Continental Reinsurance CIMA subsidiary
Contact details
Continental Reinsurance Plc Mairie Douala 1er Bonanjo
Tel: +237 233 422 494
Email: oba@continental-re.com
Abidjan office
Oumar BA
Managing Director, Continental Reinsurance CIMA subsidiary
Contact details
Continental Reinsurance Plc
4e étage, immeuble CONTINENTAL RE (ex – SCI Kali), Rue Pierre & Marie Curie X Rue Docteur Calmette – Zone 4C / Marcory – Abidjan 01 B.P 1073 Abidjan 01, Abidjan, Côte d’Ivoire
Tel: +225 21598490
Email: oba@continental-re.com
4e étage, immeuble CONTINENTAL RE (ex – SCI Kali), Rue Pierre & Marie Curie X Rue Docteur Calmette – Zone 4C / Marcory – Abidjan 01 B.P 1073 Abidjan 01, Abidjan, Côte d’Ivoire
Tel: +225 21598490
Email: oba@continental-re.com
Tunis office
Dorsaf Sassi
Regional Director
Contact details
Continental Reinsurance Plc
Rue Lac Léman, Imm Regency- Bloc “C” 2ème étage- Bur 207, 1053 Les Berges du Lac – Tunis
Tel: +216 71 964 997 / 988
E-mail: dsassi@continental-re.com
Rue Lac Léman, Imm Regency- Bloc “C” 2ème étage- Bur 207, 1053 Les Berges du Lac – Tunis
Tel: +216 71 964 997 / 988
E-mail: dsassi@continental-re.com
Nairobi office
Souvik Banerjea
Managing Director
Contact details
Continental Reinsurance Ltd
197 Lenana Place (4th Floor), Lenana Road, Nairobi
Tel: +254 2429391/2/3, 020-5137701
E-mail: sbanerjea@continental-re.com
197 Lenana Place (4th Floor), Lenana Road, Nairobi
Tel: +254 2429391/2/3, 020-5137701
E-mail: sbanerjea@continental-re.com
Gaborone office
Francis Nzwili
Managing Director
Contact details
Continental Reinsurance
Company Ltd, 1st Floor, Plot 67977, Fairgrounds, Gaborone
Tel: +267 3974384
Email: fnzwili@continental-re.com