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Your Trusted Reinsurance Partner in Africa

Minimizing your risk. Maximizing your potential.

A proven track record of serving as a trusted and reliable partner in the reinsurance industry for over a decade. Building a resilient future together, one risk at a time.

WAICA Reinsurance Team

$256M

Reinsurance Revenue

$88M

Paid Up Capital

8

Offices in 8 Countries

$55M

Claims Paid Across 11 Countries

About WAICA Reinsurance

Company Overview

WAICA Reinsurance Corporation Plc is a public limited liability company incorporated under the laws of Sierra Leone (Companies Act 2009) on 7th March 2011.

In the years following the creation of West African Insurance Companies Association (WAICA) in 1973, the founding fathers had the desire to establish a reinsurance organisation to help mitigate the effects of the lack of reinsurance capacity within the West African insurance industry.

To fulfill this ambition, the founding fathers considered it prudent to start off by creating a reinsurance pool which hopefully will someday metamorphose into a fully fledged reinsurance corporation. Today, the WAICA Reinsurance Pool has turned into WAICA Reinsurance Corporation Plc, a dream come true.

Our Products & Services

WAICA Re provides both Treaty and Facultative Reinsurance to the African market and beyond. Our comprehensive services are designed to help our clients manage risk effectively.

Treaty Reinsurance

Comprehensive treaty reinsurance solutions tailored to the specific needs of insurance companies across Africa and beyond.

Facultative Reinsurance

Specialized facultative reinsurance services for complex or high-value risks that require individual assessment and pricing.

Marine Insurance

Protection for cargo, vessels, and liability exposures in the maritime industry, ensuring seamless global trade operations.

Fire & Property

Comprehensive coverage for commercial and industrial property against damages caused by fire, natural disasters, and other perils.

Engineering

Specialized coverage for construction projects, machinery breakdown, and other technical risks faced by businesses.

Life & Health

Reinsurance solutions for life and health insurance products, helping insurers manage mortality and morbidity risks.

We have paid $55M in Claims across 11 countries

Download Our 2023 Annual Report & Financial Statements

Download Annual Report PDF

Financial Performance

Our strong financial indicators demonstrate our commitment to stability and growth.

Investment Income
Underwriting Profit
Reinsurance Revenue
Total Assets vs Shareholders Fund

Latest News

Stay updated with the latest developments and announcements from WAICA Reinsurance.

WAICA Re launches a Bank in UK
October 23, 2024

WAICA Re launches a Bank in UK

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Congratulations to Steve Odjugo
March 12, 2024

Congratulations to Steve Odjugo

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Congratulations to Clement Owusu
March 12, 2024

Congratulations to Clement Owusu

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