Cameroon Re, new reinsurance company

The project to set up a Cameroonian reinsurance company, initiated in 2019, has been finalized. The new entity will operate under the name of Cameroon Re with a capital of 15 billion FCFA (27.02 million USD).

The shareholding will be shared between local insurers (51%), a strategic reinsurance expert as a partner (34%), the Cameroonian State (10%) and various other small shareholders (5%).

For the record, the Cameroonian State was, for many years, a shareholder of a local reinsurance company, the Caisse Nationale de Réassurance (CNR), which was liquidated in 2000.