Africa: Keeping It Home – Africa’s Reinsurers in Quiet Bid to Reclaim Market
Kampala, Uganda — Africa’s reinsurance market has for decades been dominated by global giants such as Swiss Re, Munich Re, and the syndicates of Lloyd’s. While these firms bring deep expertise and capital, their dominance has left local insurers struggling to grow. Africa, which accounts for just 1.5% of global premiums, has the highest number…