Nigeria · West Africa · class R

Reinsurer insurance companies in Nigeria

3 licensed reinsurers, 6% of the 51 insurance entities supervised by the National Insurance Commission. Carriers that accept risk ceded by primary insurers.

CompanyClassParent / groupOwnershipRegulatorVerification
African Reinsurance Corp (Africa Re) - HQ
Multilateral; not subject to NIIRA recapitalisation
RReinsurerAfrica ReRegional / multilateralNAICOMVerified
Continental Reinsurance Plc
Group HQ Lagos
RReinsurerContinental RePan-African groupNAICOMVerified
FBS ReinsuranceRReinsurerIndependentDomestic privateNAICOMVerified

About reinsurers in Nigeria

How many reinsurers are licensed in Nigeria?

3 of the 51 licensed insurance entities in Nigeria are classified as reinsurer (6%), according to the NAICOM register as reflected in this directory (verified - full register).

Who regulates reinsurers in Nigeria?

National Insurance Commission (NAICOM), under Insurance Act 2003; NIIRA 2025 recapitalisation. Official website: https://naicom.gov.ng.

Are the reinsurers in Nigeria locally or foreign owned?

1 of 3 belong to pan-African or foreign multinational groups (including Africa Re, Continental Re), 0 are state-owned, and the rest are domestic private companies.

Data: /api/v1/countries/nigeria.json (filter byclass = "reinsurer"). Licence CC BY 4.0, attribute KAFS North America.