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
Expertise Director of Human Resources & Acting Director, Adminstration and General Services
Director of Human Resources & Acting Director, Adminstration and General Services
Mr Guy B. FOKOU has over 20 years of experience in human resource management at managerial level.
He started his career as HR Management Trainee at SAGA Cameroon (now Bollore Africa Logistics). He worked as HR & Legal Manager in Multiprint Sérigraphie (leading printing and communication company in Cameroon) where he rose to become the Group Director of Human Resources.
Mr FOKOU has also served as Assistant Director of Human Resources at Ecobank Cameroon and Regional HR & OD Advisor in the Central and West Africa Regional Office of SOS Children’s Villages covering 13 countries in West and Central Africa.
He has equally occupied the following positions: Director of Human Resources at ACTIVA Assurances Cameroon and Director of Human Resources & Administration/Company Secretary at Total Cameroon.
He holds a Master’s Degree in Business Law from the University of Douala, Cameroon, a Postgraduate Degree in Human Resource Management from ESSEC Business School of Douala and a Master’s in Business Administration (MBA) from the African Leadership University (ALU) School of Business, Kigali, Rwanda.
Mr FOKOU joined Africa Re in 2014 as Assistant Director, Human Resources & Administration before rising to the position of Deputy Director, Human Resources & Administration.
In 2019, Mr Guy B. FOKOU was appointed Director of Human Resources. Since May 2022, he is acting in the capacity of the Director of Administration & General Services.