Building the most valuable pan-african reinsurance brand

Transcription

1 Building the most valuable pan-african reinsurance brand

2 Who we are We are the private sector champion of the pan-african reinsurance industry. With a history spanning more than 25 years, we have developed an extensive network across Africa in order to serve our clients, premised on our pan-african commitment made local. With an emphasis on trusted relationships, we build on our diversified and profitable portfolio to offer uncomprising service and technical capability. Everything we do is underpinned by the translation of our pan-african track record and commitment into local value. Our vision To be the premier pan-african reinsurer. Our mission To provide credible reinsurance security and services to our clients and sustainable value to our shareholders and other stakeholders. Our values Commitment Collective passion and commitment to the industry. Responsiveness High responsiveness in service, dependability and building of capability. Sustainability Realising ambitious, sustainable and relevant offerings. Trust Putting customers first by building relationships via localisation. Our core service products We are a composite reinsurer offering capacity and services across the full spectrum of Non-Life and Life business lines. We have a diversified team of experts strategically deployed throughout our regional operations. Our clients enjoy unparalleled reinsurance underwriting, claims, advisory and training services. Life (Group) 18% General Accident 19% Motor and Liability 7% Marine and Aviation 7% Oil and Gas 15% Life (Individual) 2% Fire and Engineering 32% Key strengths Entrepenerial, private sector pan-african business committed to the industry and Africa. Translation of pan-african commitment and competencies into local capacity building. Pan-African trust built on strong local relationships with clients and stakeholders. Recognised high responsiveness in service delivery. Pro-activeness due to proximity to clients. High client retention rate. Dynamic pan-african platform. Core foothold resident in Nigeria the largest economy in Africa. Strong track record of financial and operational performance. Well-balanced and growing product mix. Strong risk selection process. Competent and highly qualified staff with strength from diversity.

3 Our pan-african footprint Continental Reinsurance writes business in more than 50 African countries, which are serviced from our six client service centres in Nigeria, Botswana, Cameroon, Côte d Ivoire, Kenya and Tunisia. We also have a specialist subsidiary, Continental Property and Engineering Risk Services (CPERS), registered in South Africa that services all our clients across Africa. With a diversified and profitable portfolio, we offer our clients a product of indisputable value underpinned by our uncompromising service and technical capability. SENEGAL THE GAMBIA GUINEA- BISSAU SIERRA LEONE MAURITANIA GUINEA LIBERIA MOROCCO MALI CÔTE TOGO D IVOIRE GHANA ALGERIA BURKINA FASO BENIN NIGERIA EQUATORIAL GUINEA NIGER TUNISIA CAMEROON GABON LIBYA CONGO CHAD CENTRAL AFRICAN REPUBLIC EGYPT SUDAN SOUTHERN SUDAN UGANDA CONGO RWANDA (DEMOCRATIC REPUBLIC) BURUNDI ERITREA DJIBOUTI ETHIOPIA SOMALIA KENYA SEYCHELLES TANZANIA ANGOLA 1. Lagos office ZAMBIA MALAWI 2. Douala office 3. Nairobi office 4. Abidjan office 5. Tunis office 6. Gaborone office NAMIBIA BOTSWANA SOUTH AFRICA ZIMBABWE SWAZILAND LESOTHO MOZAMBIQUE MADAGASCAR MAURITIUS Key milestones 1985 Corporate registration Launched Non-Life business Launched Life business Opened regional office in Douala, Cameroon Recapitalized from NGN2b (US$13m) to NGN10b (US$70m); Listed on the Nigerian Stock Exchange Opened regional office in Nairobi, Kenya Launched fully licensed subsidiary Continental Re Ltd in Nairobi, Kenya; Opened regional office in Abidjan, Côte d Ivoire Opened regional office in Tunis, Tunisia (April); Opened a subsidiary in Gaborone, Botswana (mid-august 2014); Opened a specialist subsidiary, Continental Property and Engineering Risk Services (CPERS), registered in Johannesburg, South Africa.

4 Our shareholders Others 33.83% CRe Holding Ltd 56.57% AIICO Insurance PLC 2.12% Leadway Assurance Co. Ltd 1.69% Baobab Reinsurance Ltd 1.65% Salag Limited 4.14% 56.57% CRe Holding Ltd (ACA & Saham Finances) 4.14% Salag Limited 1.65% Baobab Reinsurance Ltd 1.69% Leadway Assurance Co. Ltd 2.12% AIICO Insurance Plc 33.83% Others Financial Highlights Statement of financial position Our balance sheet reflects our strong and growing financial base that is backed by solid assets and liquidity. NGN (N 000) USD ($000) Share capital 5,186,372 5,186,372 26,394 26,394 Shareholders funds 15,537,191 14,776,380 79,070 75,198 Total assets 29,668,730 28,207, , ,550 Investments 19,096,998 18,499,064 97,186 94,143 Statement of comprehensive income We have a track record of positive underwriting results and earnings and distribution of dividends to our shareholders. NGN (N 000) USD ($000) Gross premium 19,738,040 16,436, ,448 83,648 Net premium 17,253,627 14,477,545 87,805 73,677 Underwriting profit 2,055,703 1,367,065 10,462 6,957 Investment income 1,877,867 1,034,403 9,557 5,264 Profit before tax 2,915,593 1,587,969 14,838 8,081 Lagos Douala Nairobi Abidjan Tunis Gaborone

5 Underwriting capacity for 2016 Details Fire and Engineering Proportional Treaty Non Proportional Treaty Facultative (anyone risk) Fire Facultative (Anyone Risk) Engineering Underwriting Limits USD 6 million USD 30 million USD 60 million Motor, Liability and General Accident Proportional Treaty Non Proportional Treaty Facultative (anyone risk) USD 4 million Marine and Aviation Marine Proportional Treaty Marine Non Proportional Treaty Marine Facultative Aviation USD 5 million USD 4 million Oil & Energy Treaty Capacity per risk USD 40 million Individual and Group Life Treaty Capacity per Anyone Life USD 930,000 Facultative Capacity per Anyone Life Total Capacity per Anyone Life USD 5.7 million USD 6.63 million

6 Executive management Dr Femi Oyetunji Group Managing Director Ph.D. in Statistics and Fellow of the Institution of Actuaries, England Former MD of Alexander Forbes and Crusader Insurance, Nigeria Lawrence Nazare Executive Director Musa Kolo General Manager Finance BL (Hons), LLB University of Zimbabwe Law School Former MD of Intermarket and ZB Reinsurance and Tristar Insurance (Zimbabwe) ARe (Associate in Reinsurance) American Insurance Institute B.Sc. Accounting Fellow Institute of Chartered Accountants of Nigeria Abayomi Oluremi-Judah Chief Risk Officer B.Sc., Mathematics and Economics, University of Warwick Associate of the Institute of Actuaries Contact us Registered office Continental Reinsurance Plc. St. Nicholas House, 8th Floor 6 Catholic Mission Street P.O. Box 2401, Lagos, Nigeria Tel: , Fax: REINSURE, Ext. 138 Company Secretary Tel: info@continental-re.com Cameroon office Mairie Douala 1er Bonanjo P.O. Box 4745, Douala, Cameroon Tel: Fax: Côte d Ivoire office 2e étage, Imm. Equinoxe, Angle de la route du Lycée Technique & de la Rue de la Cannebière (Carrefour Pisam), Cocody Danga B.P. 1073, Abidjan, Côte d Ivoire Tel: Fax: Tunisia office Rue Lac Léman, Imm Regency Bloc C 2ème étage Bur Les Berges du Lac Tunis Tel: / 988 Fax: Kenya office 197 Lenana Place, 4th Floor Lenana Road, Nairobi, Kenya P.O. Box Tel: Fax: Botswana office Plot 67977, Fairgrounds, Gaborone, Botswana Postal address: P.O. Box 698 ABG, Selebe Gaborone, Botswana Tel: Fax: For more information, visit: