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With a history spanning more than 30 years, we have developed an extensive network across Africa in order to serve our clients. Everything we do is underpinned by the translation of our pan-African track record and commitment into local value.
It is our mission to provide credible reinsurance security and services to our clients and sustainable value to our shareholders and other stakeholders.
Incorporated in Nigeria in 1985, Continental Reinsurance started business initially as a private reinsurance company. From January 1987, we began operating as a general reinsurer and in January 1990, we became a composite reinsurer, offering both treaty and facultative life and non-life reinsurance, with a well-diversified business mix and customer base.
As part of our overall goal to become the recognised leading reinsurance company in Africa, we converted to a public limited liability company in 2000. We recapitalised to NGN 10 billion in 2007, with widespread ownership which includes international investors. On May 30, 2007, Continental Reinsurance was listed on the Nigerian Stock Exchange.
In 2019 the Company obtained the approval of its shareholders and the regulators to undertake a Scheme of Arrangement for the purpose of restructuring its business. The objective of the restructuring is to enhance the growth of the business, reposition the Company for enhanced competitiveness and provide for a sustainable increase in profitability. The successful implementation of the Scheme culminated in the 100% acquisition of the shares of the Company by its parent company in Mauritius, CRe African Investment Limited and the delisting of the shares of the Company from the Nigerian Stock Exchange.
We continue to operate as an international company managed by seasoned professionals, complying with international standards in all our business dealings.