Uganda Reinsurance Company Limited
Uganda Reinsurance Company Limited (Uganda Re) is a reinsurance company based in Kampala, Uganda and the country’s first and only local reinsurance company. The company is governed by the Insurance Act of Uganda caption 213 and the Insurance (Amendment) Act No. 13 of 2011 and is licensed by the Insurance Regulatory Authority of Uganda (IRA) as a composite reinsurer to transact both life and non-life reinsurance business.
Uganda Reinsurance Company commenced trading operations in June, 2013 having been licensed by the IRA on 6th May, 2013. The company currently benefits from a 15% mandatory cession of all facultative and treaty reinsurances in Uganda as provided for by the mentioned Act and Regulations of the IRA.
With a client base including all insurance companies in Uganda, Uganda Re also underwrites risks from across the African Continent and Indian Ocean Islands and is committed to positioning itself as a regional capacity and risk solutions provider. The company has excellent strategic partnerships with reputable regional and international reinsurers and reinsurance brokers.
Uganda Re underwrites all classes of insurance business including life, health, casualty, transport, fire and engineering business and has sufficient underwriting capacity to meet business partners’ requirements supported by adequate retrocession protection from highly and internationally rated retrocessionaires.