Pan-African service reinsurer Continental Re achieves 100% ownership of Botswana subsidiary

AFRICA – Continental Reinsurance Plc, a pan-African service reinsurer based in Nigeria, has announced 100% ownership of its Botswana subsidiary, a move that effectively changes the ownership structure of the Gaborone based subsidiary. The announcement comes against a backdrop of a strong financial performance that saw the company report a gross premium income of $71.7 million for the first half of 2020, a 27% growth over the same period in 2019.  Continental Reinsurance Plc achieved full ownership of its subsidiary in Botswana after acquiring 40% minority stake that was previously…

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