With a gross premium revenue of USD 214 million in Financial Year 2022, WAICA Re has a financially sound footing to protect you.
AM Best has placed WAICA Re Rating under review. The FSR has been downgraded from B+ (Good) to B (Fair) and a Long-Term Issuer Credit Rating downgraded from bbb- (Good) to bb+ (Fair).
We strive to create enhanced value for our shareholders. Our authorised Share capital is USD 100 million and our paid-up Share capital is USD 64.9 million.
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.Read more