Aveni-re Réassurance

What Aveni-re Réassurance does

Aveni-re Réassurance is a private reinsurance company headquartered in Abidjan, Côte d'Ivoire, founded in 2004 as the first private reinsurer in the CIMA zone (francophone West and Central Africa). The company underwrites treaty and facultative business across Marine, Non-Marine, Civil Liability, Life and Surety, Aviation, and Transport lines, with a revenue mix led by Property (52.1%), Technical Risks (22.76%), and Civil Liability (7.07%). It serves more than 100 cedants and partners worldwide, with regional offices in Tunis, Dakar, and Douala extending proximity-based service across North, West, and Central Africa, and a stated coverage mandate that now includes Africa, the Middle East, and Asia.

The company operates as a specialty regional reinsurer with a diversified shareholder base (insurance companies 60%, reinsurance companies 15%, investment companies 17%, individuals 8%) and share capital of 17.55 billion FCFA (approximately USD 28-30 million), with a stated plan to increase capital to 22 billion FCFA by 2029. It holds a Bloomfield financial strength rating of A2 (short-term) and A- (long-term) with Stable outlook. Strategic priorities include capital deepening, ESG portfolio integration (30% target by 2027), geographic diversification beyond the CIMA zone, and product expansion into emerging specialty lines such as drone insurance. Underlying technology, AI/ML usage, and digital distribution channels are not described in available sources, suggesting a traditional relationship-driven underwriting model.

The business model is classic reinsurance: the company accepts premiums ceded by primary insurers in exchange for taking on portions of their underwriting risk, generates income from underwriting margins and investment returns on float, and supplements capacity through retrocession. Revenue mechanics depend on treaty renewals, facultative placements, and partner relationships, with pricing tied to line of business, geography, and risk profile. Customer segments are primarily CIMA-zone insurance carriers, with growing exposure to Middle Eastern and Asian cedants. Go-to-market is anchored in regional office proximity and institutional presence at industry forums such as FANAF.

Name

Aveni-re Réassurance

Legal name

AVENI-RE

Website

https://aveni-re.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Aveni-re Réassurance is the first private reinsurer in francophone West and Central Africa (CIMA zone), underwriting treaty and facultative business across multiple lines for 100+ cedants from offices in Abidjan, Tunis, Dakar, and Douala.

Ownership category

akta.pro rank

Product category

Reinsurance

NAICS

Reinsurance Carriers (524130)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Property Facultative Reinsurance (FSAOAFAA)

akta.pro secondary industries

Facultative Engineering & Construction (CAR/EAR) Reinsurance (FSAOAFAE), Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk) (FSAOAFAD), Facultative Trade Credit & Surety Reinsurance (FSAOAFAK), Credit & Surety Treaty Reinsurance (FSAOAEAI)

Keywords

• Reinsurance services
• Treaty reinsurance
• Facultative reinsurance
• Pan-african insurance
• Risk transfer solutions

Headquarters

HQ city

Abidjan

HQ country

Côte d’Ivoire

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Treaty Reinsurance: AVENI-RE participates since 2005 on reinsurance programs of insurance companies. The company acts as an underwriting reinsurer (apériteur) for treaty programs covering Automobile, Liability, Marine, and Non-Marine lines. Revenue is generated through reinsurance premiums collected from cedants.
2. Facultative Reinsurance: Through facultative acceptances, AVENI-RE provides additional capacity beyond automatic treaty capacities to cedants across all branches based on available capacity in coverage zones. This provides additional premium income for specific, individual risk placements.
3. Technical Services: Technical assistance services including risk visits, training seminars, technical opinions and quotations generate revenue through service fees. AVENI-RE provides multidisciplinary team of engineers and reinsurance professionals to support cedants.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Aveni-re Réassurance is a pan-African private reinsurance company that provides treaty and facultative reinsurance capacity to insurance companies operating in the CIMA zone (francophone West and Central Africa). It underwrites risks across Marine, Non-Marine, Civil Liability, and Life & Surety lines, and supplements its reinsurance activity with technical assistance, ESG advisory, and professional training services for cedant insurers.

Product overview

Aveni-re Réassurance is a pan-African private reinsurance company offering a comprehensive suite of reinsurance products and technical services. The core product portfolio consists of five main reinsurance lines: Marine Reinsurance (1.5B FCFA capacity), Non-Marine Reinsurance (10B FCFA capacity covering fire and technical risks), Civil Liability Reinsurance (2B FCFA capacity), and Life & Surety Reinsurance (1.05B FCFA capacity). These are delivered through two primary distribution modes: Facultative Reinsurance (additional capacity beyond automatic limits) and Treaty Reinsurance (participation in programs since 2005). The company also offers specialized coverage including drone insurance reinsurance. Complementing the underwriting products, Aveni-re provides Technical Assistance Services including risk visits by engineers, seminars on insurance topics, custom training programs, and technical opinions on risk evaluation and pricing. The company has expanded its coverage zone to all of Africa, Middle East, and Asia, with headquarters in Abidjan and regional offices in Dakar, Tunis, and Douala.

Differentiator

Problem solved

Functional benefit

Products and services

• Marine Reinsurance Reinsurance coverage for marine cargo, hull, and transport risks, ceded by primary insurers operating in the CIMA zone and broader African market.
• Non-Marine Reinsurance Reinsurance coverage for non-marine property and miscellaneous risks ceded by primary insurers across francophone Africa.
• Civil Liability Reinsurance Reinsurance capacity for general and professional civil liability risks ceded by primary African insurers.
• Life & Surety Reinsurance Reinsurance for life insurance portfolios and surety/bond risks ceded by primary insurers in the CIMA zone.
• Facultative and Treaty Reinsurance Both facultative (per-risk) and treaty (portfolio) reinsurance structures made available to cedant insurers across all lines of business.
• Technical Assistance Services Advisory and capacity-building services, including underwriting audits, product development support, and professional training for cedant insurers and CIMA-zone market participants.
• ESG Solutions Environmental, social, and governance advisory solutions supporting African insurers on sustainability risk assessment and reporting.
• Drone Insurance Reinsurance Reinsurance capacity for primary insurers underwriting drone (unmanned aerial vehicle) insurance risks.

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves3 records

Expansion highlights5 records

Broad incumbents

• SCOR: Global reinsurer with a Life & P&C book and presence across Africa. Comparable in offering treaty and facultative capacity across property, liability, and specialty lines to African cedants, though at materially larger scale than AVENI-RE.
• Munich Re: Global reinsurance leader with a dedicated Africa desk and long-standing cedant relationships across the continent. Competes with AVENI-RE on large facultative placements and retrocession capacity, while also serving as a retrocession counterparty for AVENI-RE's peak risks.
• Hannover Re: Global reinsurer with structured retrocession programs targeting African and emerging-market cedants. Overlaps with AVENI-RE in facultative specialty lines (engineering, marine, aviation) and in retrocession support to mid-sized African reinsurers.
• Swiss Re: Top-3 global reinsurer active across Africa through retrocession partnerships and direct facultative support. Comparable in offering the full suite of property, engineering, marine, and life reinsurance to African cedants, but at vastly larger scale and capital base.

Regional players

• ZEP-RE (PTA Reinsurance Company): COMESA-region reinsurer headquartered in Nairobi, providing treaty and facultative capacity across Eastern and Southern Africa. Comparable in product offering (multi-line non-life and life reinsurance) though serving a different primary geographic footprint than AVENI-RE.
• Kenya Reinsurance Corporation: East African reinsurer providing treaty and facultative capacity primarily in Eastern Africa. Comparable product mix (property, engineering, motor, liability) but operates in a different primary geography than AVENI-RE's CIMA focus.

Direct peers

• WAICA Reinsurance Corporation: Specialized CIMA-zone reinsurer (headquartered in Freetown) offering treaty and facultative capacity to ECOWAS cedants. Closely comparable to AVENI-RE in geographic focus, multi-line product mix, and customer base of West African insurance companies.
• Continental Reinsurance Company (Continental Re): Nigerian-headquartered African reinsurer with offices in Tunisia, Kenya, Cameroon and Côte d'Ivoire. Direct competitor for multi-line treaty and facultative business across West and Central Africa, including engineering, fire, and marine classes.
• Africa Reinsurance Corporation (Africa Re): Largest African reinsurer, headquartered in Lagos with regional offices across the continent. Directly competes with AVENI-RE for CIMA-zone and pan-African cedant treaties and facultative placements across the same multi-line book (property, engineering, marine, liability, life).
• CICA-RE (Conférence Interafricaine des Marchés d'Assurances - Reinsurance): CIMA-zone treaty reinsurer based in Togo/Yaoundé, created by CIMA member states. Directly competes with AVENI-RE for treaty and facultative business from CIMA-region cedants in the same lines of business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AVENI.RE04
• LinkedInlinkedin.com/company/aveni-re-r%C3%A9assurance
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Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aveni-re Réassurance