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Yaoundé - 24 May 2019 -
Insurance

Continental Re’s regional office in Douala to be converted into a subsidiary

Continental Re’s regional office in Douala to be converted into a subsidiary
  • Comments   -   Monday, 09 April 2018 13:11

(Business in Cameroon) - C-Re Holdings, the investment fund that controls the capital of Continental Reinsurance Plc (Continental Re), reveals in its 2017 financial report that it will invest $10 million in the Cameroonian subsidiary.  

With this investment, C-Re Holdings will take 49% of the subsidiary (whose creation process was initiated in January 2018) and Continental Re, will hold the remaining 51%.

The new subsidiary (the third in Africa after the ones in Kenya and in Botswana) will be headquartered in the Continental Re's regional bureau established in Doula in 2005.  

Let’s remind that the Pan-African reinsurance company Continental Re is already active in 50 countries in Africa with two subsidiaries and four regional offices. With the regional office's conversion, the group will have three subsidiaries and three regional offices in the continent.  

Brice R. Mbodiam

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