We strive to have our client at the centre of everything we do. Working closely with our clients to understand their strategic and operational goals enables us to deliver a customised range of solutions that promote mutually beneficial growth and success. In this way we make a valuable contribution to the availability of local capacity, in line with our strategic objective to discourage the flight of premiums off the continent.
As a wholly owned subsidiary of the African Reinsurance Corporation, Africa Re South Africa (ARCSA) is responsible for writing both treaty and facultative business in South Africa, Lesotho, Botswana, Swaziland and Namibia. ARCSA opened as a representative office in 1995 and delivers reinsurance solutions for all classes of business. It was incorporated in late 2003, and commenced business in 2004 as a separately capitalised subsidiary.
ARCSA is regulated by the joint regulatory regime of the South African Reserve Bank Prudential Regulation Authority (PRA) and the Financial Conduct Authority via FSB.
Africa Re Group provides parental guarantee to the African Reinsurance Corporation (South African) Limited.
Africa Re Place
10 Sherborne Road, Parktown 2193
Expertise Independent Non-executive Chairman
Independent Non-executive Chairman
Mr Bakary Kamara has served as Chairman of African Reinsurance Corporation South Africa Ltd since July 2004, after joining the company as Secretary General of the Group from September 1984 and being appointed Group Managing Director/Chief Executive Officer in July 1993. He has also been Chairman of Africa Retakaful (Egypt) since April 2009.
Kamara is an Administrateur Civil (the highest category in the French speaking civil service).
He began his career in the insurance industry as a Legal Adviser for SMAR - Mauritania’s State insurance company - from 1 May to 11 November 1978. He occupied the role of Deputy Managing Director from September 1979 to January 1984, while also serving as visiting professor in third-year Business Law at the National School of Public Administration (E.N.A.) during the 1978-1979 academic year. From 1980 to 1984 he occupied the role of Director at AFARCO, a Mauritanian real estate company.
Kamara served as Technical Adviser to the Minister of Finance & Trade (in charge of insurance matters and International Trade Relations) from January to August 1984.
He is currently the Executive Chairman of Gras Savoye Mauritania and an International
Consultant in Management, Governance and Coaching.
Kamara serves as Independent Director in several insurance and reinsurance
companies and banks, and has been a member of various boards, councils and professional
bodies. He speaks French, English, Soninke, Pular, Wolof, Hassaniya and Spanish.
Mr Kamara holds a Bachelor's Degree in General Law and Faculty of Law (Dakar), a Master's Degree in Civil Law - Business Law (Dakar), a Diploma of the Insurance Institute of Tours (France) and Diploma of High Studies (D.E.S.S) in Insurance Law (France).
