Globus-re

What Globus-re does

Globus-Ré (GLOBUS-Ré) is a privately-held captive reinsurance company structured as a Société Anonyme under CIMA (Conférence Interafricaine des Marchés d'Assurances) regulation, headquartered in Ouagadougou, Burkina Faso. Founded on December 10, 2010 and operational since January 1, 2011, the company is 100% owned by the member insurance companies of the GLOBUS network, which comprises 45 insurers operating across approximately 50 African countries. Globus-Ré's core function is to provide additional reinsurance capacity — both treaty (as lead underwriter) and facultative — to its member cedants beyond their automatic retentions, and to deliver ancillary services including professional seminars, customized training, and technical assistance for risk pricing and reinsurance program design. The company retrocedes portions of its book to international partners including Swiss Re, SCOR, Trust Re, Odyssere, Ncare, and Continental Re to manage catastrophic and large-line exposure.

The business model is subscription-based in the reinsurance sense: Globus-Ré earns premium income on cessions ceded by member insurers, with no external third-party open-market book. Pricing is quote-based and individually negotiated with each cedant. The capital base of 4 billion FCFA (approximately $6.5M USD) constrains the captive's own retention, which is why retrocession arrangements are structurally central to the model. The GTM motion is relationship-driven through the GLOBUS network rather than via external marketing channels, and leadership is drawn from executives of member insurance companies (Chairman Richard LOWE, CEO Antoine COMPAORE). The company holds an accord de siège from the Burkinabé government (granted September 26, 2011) and operates from Avenue Kwamé N'krumah, rue 22 in Ouagadougou. No external equity investors, venture capital, or private equity participation is indicated in the source materials.

Name

Globus-re

Legal name

GLOBUS-Ré

Website

https://globus-re.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Reinsurance Services

NAICS

Reinsurance Carriers (524130)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk) (FSAOAFAD)

Keywords

• Captive reinsurance services
• Treaty reinsurance
• Facultative reinsurance
• Reinsurance capacity
• Insurance risk underwriting

Headquarters

HQ city

Ouagadougou

HQ country

Burkina Faso

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Reinsurance Premiums: Globus-re operates as a captive reinsurance company, accepting cessions from member insurance companies (cedants) and providing additional capacity through treaty and facultative reinsurance arrangements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Globus-Ré is a captive reinsurance company that provides treaty and facultative reinsurance capacity to its member insurance companies (cedants) within the GLOBUS network and other African insurance markets. The company accepts cessions, acts as lead underwriter on reinsurance programs, and offers supplementary services including professional seminars, customized training, and technical assistance for risk pricing and reinsurance program implementation. It serves as a single interlocutor for reinsurance in multilingual Africa, with retrocession support from international reinsurers such as Swiss Re, SCOR, Trust Re, Odyssere, Ncare, and Continental Re.

Product overview

Globus-Ré is a captive reinsurance company offering a unified portfolio of reinsurance products and services. The core offerings consist of Souscriptions Facultatives (optional reinsurance cessions providing additional capacity) and Souscriptions Traités (treaty reinsurance with lead underwriting capabilities), both supported by ancillary services including professional seminars on insurance topics, customized training programs, and technical assistance for risk pricing and program implementation. The company operates as a single-source reinsurance partner within the GLOBUS network across the African continent.

Differentiator

Problem solved

Functional benefit

Products and services

• Souscriptions Facultatives (Facultative Reinsurance Subscriptions) Optional (facultative) reinsurance cessions where Globus-Ré, at the request of cedant insurance companies, provides additional capacity beyond their automatic capacities to support specific risks. Aimed at GLOBUS network member insurers and other African cedants needing supplementary capacity on a case-by-case basis.
• Souscriptions Traités (Treaty Reinsurance Subscriptions) Treaty reinsurance cessions where Globus-Ré participates in reinsurance programs of multiple insurance companies and acts as the lead underwriter (apériteur) of those programs. Aimed at African cedants seeking a lead reinsurer for their reinsurance treaty arrangements.
• Les séminaires (Seminars) Seminars that bring together executives and senior staff from cedant insurance companies across multiple African markets, covering topics including marine insurance and technical risk insurance. Aimed at GLOBUS network cedants and partner insurers seeking professional knowledge exchange.
• Les formations à la carte (Customized Training Programs) Customized training programs designed and delivered upon request from cedant insurance companies, addressing specific skills and capability gaps. Aimed at GLOBUS network member insurers and other African cedants.
• L'assistance technique (Technical Assistance) Technical assistance services covering support for risk pricing (aide à la cotation des risques) and the implementation of reinsurance programs (mise en place des programmes de réassurance). Aimed at cedant insurance companies needing expert support on underwriting and program structuring.

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

21 partnerships are on record, tiered core and minor.

• ACTIVA ASSURANCEScoreChannel Partner/ Reseller/ Distributor · 10 December 2010Founding member of Globus-re and part of the GLOBUS network. ACTIVA ASSURANCES operates in Cameroon and is one of the core insurance companies that established the captive reinsurance structure.
• LA LOYALE ASSURANCEcoreChannel Partner/ Reseller/ Distributor · 10 December 2010Founding member of Globus-re and part of the GLOBUS network. LA LOYALE ASSURANCE operates in Côte d'Ivoire and contributed to the establishment of the captive reinsurance company.
• SONARcoreChannel Partner/ Reseller/ Distributor · 10 December 2010Founding member of Globus-re and part of the GLOBUS network. SONAR operates in Burkina Faso and is one of the original founders of the captive reinsurance structure.
• AGCcoreChannel Partner/ Reseller/ Distributor · 10 December 2010Founding member of Globus-re and part of the GLOBUS network. AGC operates in the Republic of Congo and contributed to establishing the captive reinsurance company.
• Swiss ReminorOthersInternational reinsurance partner providing retrocession capacity to Globus-re.
• SCORminorOthersInternational reinsurance partner providing retrocession capacity to Globus-re.
• Trust ReminorOthersInternational reinsurance partner providing retrocession capacity to Globus-re.
• OdyssereminorOthersInternational reinsurance partner providing retrocession capacity to Globus-re.
• NcareminorOthersInternational reinsurance partner providing retrocession capacity to Globus-re.
• AFRIQUE DES ASSURANCES BENINminorChannel Partner/ Reseller/ DistributorInsurance company partner in Benin operating under the GLOBUS network.
• AFRIQUE DES ASSURANCES GUINEE EQUATORIALEminorChannel Partner/ Reseller/ DistributorInsurance company partner in Equatorial Guinea operating under the GLOBUS network.
• SONAR IARDcoreChannel Partner/ Reseller/ DistributorInsurance company partner in Burkina Faso operating under the GLOBUS network.
• BICOR SAminorChannel Partner/ Reseller/ DistributorInsurance company partner in Burundi operating under the GLOBUS network.
• ACTIVA CAMEROUNcoreChannel Partner/ Reseller/ DistributorInsurance company partner in Cameroon operating under the GLOBUS network.
• AGC CONGOcoreChannel Partner/ Reseller/ DistributorInsurance company partner in Congo operating under the GLOBUS network.
• ASSINCOminorChannel Partner/ Reseller/ DistributorInsurance company partner in Gabon operating under the GLOBUS network.
• FINAFRICAminorChannel Partner/ Reseller/ DistributorInsurance company partner in Togo operating under the GLOBUS network.
• NIAminorChannel Partner/ Reseller/ DistributorInsurance company partner in Niger operating under the GLOBUS network.
• AVENI REminorChannel Partner/ Reseller/ DistributorInsurance company partner in Côte d'Ivoire operating under the GLOBUS network.
• CICAREminorChannel Partner/ Reseller/ DistributorInsurance company partner operating under the GLOBUS network.
• CONTINENTAL REminorOthersReinsurance partner in Nigeria providing additional capacity and risk sharing arrangements.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• SCOR: Top-five global reinsurer headquartered in Paris and a stated retrocession partner of Globus-re. Comparable as a global incumbent providing retrocession capacity; its African presence and treaty appetite materially affect the captive's capacity envelope.
• Hannover Re: One of the world's largest reinsurers, with active African treaty and facultative business. Comparable as a global incumbent that competes for African facultative placements and provides retrocession capacity to regional reinsurers including peer captives.
• Swiss Re: One of the world's two largest global reinsurers and a stated retrocession partner of Globus-re. Comparable as a top-tier reinsurance incumbent; not a direct competitor for African cedant relationships, but shapes retro terms available to Globus-re.

Direct peers

• Zep-Re (PTA Reinsurance Company): Nairobi-based regional reinsurer serving COMESA member states across Eastern and Southern Africa. Directly comparable as a regional, member-owned African reinsurer with a similar captive/network-style structure serving cedant insurers across multiple African markets.
• African Reinsurance Corporation (Africa Re): Lagos-based pan-African reinsurer founded in 1976 by African governments and the African Development Bank. Directly comparable as a multilateral reinsurance carrier serving African cedants across multiple lines and geographies, and the dominant competitor to Globus-re's network across the continent.
• WAICA Reinsurance Corporation: Sierra Leone-headquartered reinsurer serving ECOWAS member states. Directly comparable as a West African reinsurance carrier serving primary insurers in the same CIMA/ECOWAS regulatory space as Globus-re.
• Continental Reinsurance Company: Nigerian reinsurer operating across West, East, Central, and Southern Africa. Directly comparable as an African-focused reinsurer writing treaty and facultative business for cedant insurers, and one of Globus-re's stated retrocession partners.
• CICA Re: Togo-based African reinsurer (formerly Compagnie Commune de Réassurance des États Membres de la CICA). Directly comparable as a francophone-African reinsurer serving CIMA-region cedants with treaty and facultative capacity — the closest geographic and regulatory peer to Globus-re.
• AVENI Re: Côte d'Ivoire-based African reinsurer and GLOBUS network member. Directly comparable as a regional reinsurance peer in the West African CIMA zone and operates in overlapping francophone markets.

Regional players

• Kenya Reinsurance Corporation: Nairobi-based East African reinsurer with growing pan-African ambitions. Comparable as an African reinsurance carrier, though primarily focused on East Africa rather than the West/Central African markets where Globus-re operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/globus-re

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Globus-re