Reinsurance: Africa loses billions of $ to foreigners
By Odimegwu Onwumere
“Business will be smaller without reinsurance in Africa,
because the perils preserved will only be roofed by the capital of the
insurance companies, but reinsurance comes to supplement the capacity to
undertake probability,” said the Group Managing Director and Chief Executive
Officer of Africa Reinsurance Corporation (Africa Re), Mr. Corneille Karekezi,
at the 42nd African Insurance Organisation (AIO) Conference and General
Assembly, which held in Tunis in 2015.
