Home Sectors INSURANCE & PENSIONS Continental Re Reports N8.6bn Premium In Q2

Continental Re Reports N8.6bn Premium In Q2

Pan-African reinsurer, Continental Reinsurance, has announced that its gross premium income rose by 9 percent to N 8.6 billion in the second quarter of 2014 financial period, from N 7.9 billion in same period of 2013.

The firm noted that its growth continued to outpace the market, even in the face of growing competition and more scrupulous risk selection, due to the positive impact of its strengthening brand position in the market.

“We have had a successful half year in which we have seen volume growth from our regional offices contributing positively to the group’s market share across our chosen markets in line with our strategy,” said Femi Oyetunji, managing director, Continental Re. 

“Despite the relatively adverse claims experience impacting negatively on underwriting profit, we still see strong growth opportunities and are optimistic of an improvement in key indices by the end of the year,” he said.

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