Ccr Case Study

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CCR is one of the largest re-insurance firms in Nigeria and it has built an international reputation for itself due to business operations in more than 45 in African countries and with regional offices in all Africa regions. CCR is a foremost composite professional insurance company providing reinsurance services in both Treaty and Facultative across with experience spanning over three decades. The insurance is one of the largest re-insurance firms in Nigeria. As a private insurance company, CCR was established in 1985 in Nigeria and it became a composite insurer in 1990 after operating as general reinsurer from 1987. The reinsurance service includes the offering of both Life and Non-Life reinsurance of which its internationalisation operations …show more content…
It recapitalized from NGN 2 billion to NGN 10 billion in 2007 with widespread ownership including international investors and on May 30 of the same year, was listed on the Nigerian Stock Exchange. The Company is managed by highly talented, well trained and motivated professionals including a team of in-house actuaries plus external support. It has put in place, a rigorous Enterprise Risk Management (ERM) framework that works across all its offices. Locations Continental Reinsurance has its corporate head office in Lagos, Nigeria and operates in more than 44 countries. It has expanded its regional footprint by setting up regional offices in Douala, Cameroon; Abidjan, Côte d’Ivoire; and a fully licensed subsidiary in Nairobi, Kenya. The Head Office in Lagos also serves as the Regional Office for Lagos and covers business activities in the Anglophone West African countries. The Regional office in Douala covers all Francophone denominated businesses in Central Africa while the regional office in Abidjan covers all Francophone West African and some North African denominated businesses. The Nairobi subsidiary covers Eastern and Southern Africa businesses. In furtherance of its strategic positioning, the Company recently commenced operations in Tunis. The new office will greatly extend the Company’s reach into the Maghreb and North African markets and will enable the Company to play a significant role in the region’s growth and development to deliver world-class service and locally relevant offerings particularly the introduction of Takaful offering to its client and

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