Continental Re launches $156.1m public offer on Botswana exchange

Continent Reinsurance Holdings Limited, a leading African reinsurer, has announced a $156.1 million public offering on the Botswana Stock Exchange. The company, which has been serving African insurance markets for over four decades, aims to attract both retail and institutional investors to participate in its expansion within the continent's insurance sector.

The transaction will provide $30 million in fresh primary capital to strengthen the company's underwriting capacity, solvency, and rating resilience. This is the first reinsurer to seek a listing on the Botswana Stock Exchange. The offering is expected to bolster Botswana's position as a hub for pan-African financial services. With a diverse portfolio spanning various risk categories, Continental Reinsurance caters to over 900 cedant, broker, and counterparty relationships across more than 50 African nations through its six regional operating hubs.

The capital raised will directly support the firm's growth phase, including expanding its Alternative Solutions division and enhancing its financial strength rating.