Britam General Insurance in Kenya, Uganda and Rwanda; ICEA Lion General Insurance in Kenya; Heritage Insurance Company Kenya Limited; Sanlam General Insurance Company Limited Uganda; MGEN Tanzania Insurance Company Limited; Madison General Insurance Company Zambia Limited; Nico Insurance Zambia Limited; Ghana Union Assurance Company Limited; Botswana Insurance Company Limited; and Momentum Insurance Limited in Namibia. These Insurers have entered into CRI agreements with local banks.

HFGARe has retrocession agreements with ZEP Re, Tan Re, and Continental Re, in their countries of cover.

HFGA sourced a 70million Euro loan at a concessionary rate, from Agence Française de Développement (AFD). In terms of the agreement, the funds are invested with The Mauritian Commercial Bank for 10 years. The difference in rate received from MCB, less the rate to AFD, the comparative financial advantage, is granted to HFGARe as permanent capital. HFGARe costs are paid by funds borrowed from Housing for HIV, which will continue to fund it until there is sufficient income to do so from other sources. HFGARe also receives premium income in the countries which CRI is offered.

Corporate Governance

The Company is registered and licenced in Mauritius and fulfils all of the regulatory requirements, in all respects. It adheres to the principles of good corporate governance and follow best business practices. It is professionally managed in Mauritius, by Rockmills Financials Ltd and audited by Nolands Mauritius.

The directors are: Christian Li (Mauritius), Yuvraj Juwaheer (Mauritius), Michael Berry (United Kingdom), Johan Wethmar, Charlene Lea, Nkululeko Sowazi (Chairman) and Willem van Emmenis (Permanent Alternate).