Continental Re appoints Francis Nzwili as head of its Botswana subsidiary

BOTSWANA – Continental Reinsurance has announced a change in the ownership structure of Continental Reinsurance Ltd (Botswana) and the appointment of Francis Nzwili as the managing director. After its recent acquisition of a minority 40 per cent stake in the company through its holding company, CRAFIL from Botswana Insurance Company Ltd (BIC), Continental Reinsurance now holds 100 per cent of the issued ordinary share capital in the subsidiary. “The acquisition means not only growth in economic size but also presents us with an opportunity to enhance our strategic influence and…

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Continental Re gets greenlight to move ahead with restructuring plans

NIGERIA – A Federal High Court sitting in Lagos has approved the restructuring arrangement of Continental Reinsurance Plc following the approval of the company’s shareholders at a court ordered meeting in the last quarter of 2019. A statement from Continental Re said by this approval, shareholders of the company were free to choose among the three options provided in the scheme, while the company promised to ensure that the concerns of all the parties were duly addressed. The statement recalled that at the court ordered meeting of the company in…

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