Hassan Boubrik presides over the work of the AFRICA-Re General Assembly in Abidjan
21/06/2017
Hassan BOUBRIK, President of The Supervisory Authority of Insurance and Social Welfare, presided over the work of the 39th Annual Meeting of the AFRICA-Re General Assembly on June 20 in Abidjan (Ivory Coast).
The agenda of this meeting, attended by some 300 delegates, included the approval of the Board's report and the annual accounts. These resulted in a turnover of 642 million US dollars and a net profit of 102 million US dollars.
As a reminder, Mr. Hassan Boubrik was elected Chairman of the AFRICA-Re Board of Directors in Dakar (Senegal) in 2013. He was re-elected unanimously for a second three-year term in 2016 in Kigali (Rwanda).
About AFRICA-Re:
The African Reinsurance Corporation (AFRICA-Re) is a pan-African financial institution whose shareholding is made up of 41 member states of the African Union, the African Development Bank (ADB), more than one hundred companies of insurance and reinsurance companies, as well as international investors. Morocco holds, through the state and some insurance companies, just over 8% of the capital.
As Africa's leading reinsurer, Africa-Re enjoys an excellent reputation and financial strength, as evidenced by its rating: A- (stable outlook) by Standard & Poor's and A (full) with stable outlook by AM-Best.
