Saha Reinsurance Proprietary Limited (Saha Re) launched on the 27th of March, 2024, as a newly established reinsurance company licensed by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) of Botswana.
Established as a forward-thinking reinsurer, Saha Re is dedicated to providing innovative reinsurance solutions tailored to the evolving insurance landscape in Africa.
Stephen Okundi, Chief Executive Officer, Saha Re, commented, “Our business purpose is to make Africa resilient and sustainable by acting as shock absorber to societies, communities, and businesses whilst prioritizing building enduring relationships and collaborating closely with clients to foster partnerships beyond transactions.”
The firm will offer solutions in both treaty and facultative reinsurance basis for a wide range of insurance classes including some specialty lines.
Saha Re sims to help insurers across Africa stabilize their risk exposure, offering increased capacity and diverse risk transfer alternatives to cover more risks.
Okundi stated the company has diversified its access to risk pools to fulfil the purpose of becoming an innovation-driven reinsurer.
It is embracing a risk-focused strategy that ensures that shareholders have value for money while safeguarding the interest of clients and building a resilient and sustainable Africa.
Okundi concluded, “Our mission is to provide reinsurance solutions that provide adequate protection to our clients.”
