Reinsurance is a risk of transfer mechanism whereby an insurer, called the ceding company, transfers either part or whole risk which he has accepted to a reinsurer.
WAICA Re currently provides both Non-Life and Life cover in the transaction of Facultative Reinsurance and Treaty Reinsurance with its numerous Cedants not only in West Africa, but also Anglophone and Francophone Diaspora markets based in North Africa, East Africa, the Middle East and some Asian territories.