Uganda Reinsurance Co : Placing Trust in Local Reinsurance
Uganda Reinsurance Company Limited works tirelessly to serve the country’s insurance companies, looking forward to expanding into new markets as it enters its fifth year in the industry
Uganda Reinsurance Company Limited
Placing Trust in Local Reinsurance Writer: Phoebe CalverProject Manager: Stuart Parker Uganda Reinsurance Company Limited (Uganda Re) is a proudly local Company, providing both Life and Non-Life services after starting operations in June, 2013, with a full staff compliment of local workers.Based in Kampala, Uganda Re holds the title of the country’s first and only reinsurance outfit, providing a wide range of services which include engineering, marine, general, accident, motor, agriculture, political, violence, sabotage and terrorism.“With a wide client base including the entirety of insurance companies located in Uganda, we also underwrite risks that spread across the African Continent and Indian Ocean Islands,” explains Ronald Musoke, Chief Executive Officer at Uganda Re. “Presently we are particularly committed to positioning ourselves as a regional capacity and risk solutions provider, working from a platform of our already excellent strategic partnerships with reputable regional and international reinsurers.”The Company has a wide variety of underwriting insurance classes in its portfolio and with that the capacity to meet the high standards required for the industry, while also staying within the boundaries of Uganda Re’s firm values.“We have very strong values in this Company which revolve centrally around reliability and quality, as well as the ability to meet customer’s needs and expectations,” adds Musoke. “It is also important for us to build long-term relationships with stakeholders, particularly due to our predominantly local work and behaving as a responsible and corporate citizen.”Reinsurance optionsThe Company has employed a particularly experienced and dynamic team to take it forward, a factor that has massively influenced the success…
