African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company and the largest reinsurer in Africa in terms of net reinsurance written premiums.
Africa Re was set up by 36 African states in 1976, following a recommendation by the African Development Bank (AfDB), with the mission of developing the insurance and reinsurance industry in Africa through increased underwriting and retention capacities, and support to African economic development.
Ranked 38th in the 2018 Standard & Poor’s Global Reinsurance Groups and 41st of the Top 50 Global Reinsurance Groups by AM Best in 2018, Africa Re has a broad-based shareholding: 41 African member States (33.59%); the African Development Bank (8.42%); 111 African insurance and reinsurance companies (33.84%); and 3 non regional shareholders (23.15%), including leading global insurers and reinsurers from France (AXA), Canada (FAIRFAX) and Germany (ALLIANZ SE).
With headquarters in Lagos (Nigeria), Africa Re operates through six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius), one (1) Local Office in Addis Ababa (Ethiopia) and one (1) Underwriting Representative in Kampala (Uganda). It also has two (2) Subsidiary Companies (Africa Re South Africa Limited and Africa Retakaful) in Johannesburg (South Africa) and Cairo (Egypt) respectively.
In 2017, Africa Re wrote US$746.8 million of premium income and realized a net profit of US$87.9 million. Its shareholders’ funds reached US$902 million while its total assets were US$1,628.5 million.
The Financial Strength and Credit Rating of Africa Re is A (Stable) by A.M. Best Company (since 2016) and A – (Stable) Standard & Poor’s (since 2009).
Besides its dedication to professional insurance capacity building and technical assistance to African insurers, Africa Re participates in the equity of major regional development institutions: Africa Export-Import Bank (AFREXIMBANK), Shelter Africa, African Trade Insurance Agency (ATI), Preferential Trade Area Bank (PTA Bank) and invests significantly in African financial markets.
Up to 2% of Africa Re’s annual net profit is used to finance Corporate Social Responsibility initiatives in member countries with a focus on risk management for development.
Plot 1679 Karimu Kotun Street
Victoria Island P.M.B. 12765 Lagos
Nigeria
Expertise Corporate Secretary / Director of Human Resources
Corporate Secretary / Director of Human Resources
Mr Guy B. FOKOU was appointed Corporate Secretary of Africa Re in January 2024, a role he now combines with his responsibilities as the Director of Human Resources.
With over two decades of versatile experience in leadership roles across various sectors (Insurance/Reinsurance, Oil & Gas, Humanitarian, Communication, Logistics), leading diverse teams and navigating in large, matrix and complex corporate environment, Mr Fokou's professional journey began as an HR Management Trainee at Bolloré Cameroon (now Africa Global Logistics). He later joined Multiprint Sérigraphie (a leading printing and communication Group of Companies in Cameroon) as HR & Legal Manager and eventually rose to the position of Group Director of Human Resources.
Mr FOKOU joined Africa Re in 2014 as Assistant Director, Human Resources & Administration before being appointed as Director of Human Resources in 2019. His role expanded further when he served as Acting Director of Administration & General Services from May 2022 to June 2024.
Prior to joining Africa Re, Mr FOKOU was Director of Human Resources & Administration/Company Secretary at Total Energies Cameroon where he was in charge of Human Resources, Legal & Insurance matters as well as General Services.
In his career trajectory, Mr FOKOU has also held several key positions including Assistant Director of Human Resources at Ecobank Cameroon, Regional HR & OD Advisor for SOS Children’s Villages in the Central & West Africa Regional Office (Yaoundé-Cameroun), overseeing 13 countries in the Region, and Director of Human Resources at ACTIVA Group (Insurance) Cameroon.
He holds an MBA from the African Leadership University (ALU) School of Business in Kigali, Rwanda, a Professional Master’s Degree in Human Resource Management from ESSEC Business School of Douala, Cameroon and a Master’s Degree in Business Law from the University of Douala.
