# Atlantic Re

Atlantic Re is an Insurance based in Casablanca, Morocco.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Casablanca, Morocco
- **Region:** Africa
- **Address:** Tour ATLAS, Place Zellaqa, Casablanca, Morocco
- **Founded:** 1960
- **Assets under management:** Undisclosed
- **Website:** scrmaroc.com
- **LinkedIn:** linkedin.com/company/societe-centrale-de-reassurance-sa

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1960, Société Centrale de Réassurance (rebranding to Atlantic Re) is a Moroccan reinsurance company majority-owned by the state investment vehicle Caisse de Dépôt et de Gestion (CDG), which holds 94% of the entity. CEO Ouafae Mriouah runs the firm alongside Chairman Khalid Safir. The firm's architecture blends a sovereign mandate — it reinsures 90% of Morocco's catastrophe risk regime — with an increasingly outward-facing commercial strategy across Africa and the Middle East. SCR's EUR 1.03 billion gross investment portfolio (per the firm, 2023) spans fixed-income, real estate, and equity allocations. On the liability side, its reinsurance book covers life and non-life lines, generating EUR 329.68 million in premiums in 2023. The three African representative offices — Abidjan (Côte d'Ivoire), Kigali (Rwanda), and Cairo (Egypt) — anchor a geographic diversification push targeting the continent, the Middle East, and Asia. The firm also manages the FAIR Aviation Pool and recently partnered with Africa Specialty Risks to deepen its technical reach. SCR reported a 2023 net result of USD 27.01 million and an after-tax ROE of 10.17% (per the firm, 2023). It operates as a founding member of the African Insurance Organization and a Casablanca Finance City participant. Alongside its commercial book, SCR runs the SCR Academy Re, a 2017-launched training academy offering technical insurance programs, and is linked to the CDG Foundation. SCR's structural differentiator is a hybrid mandate: it serves as Morocco's default catastrophe backstop while competing commercially as a pan-African reinsurer.

## Sectors

- Insurance
- Real Estate
- Fixed Income

## Offices

- Abidjan, Côte d'Ivoire
- Kigali, Rwanda
- Cairo, Egypt

## People

- Khalid Safir — Chairman of the Board of Directors
- Ouafae Mriouah — Chief Executive Officer

## Questions

### Who owns Société Centrale de Réassurance?

Caisse de Dépôt et de Gestion (CDG), the Moroccan state investment fund, holds a 94% controlling stake in SCR. The remaining ownership structure is not publicly detailed.

### What is SCR's role in Morocco's disaster insurance framework?

SCR currently reinsures 90% of Morocco's catastrophe risk regime, per its own disclosures. This positions the firm as the near-default backstop for domestic catastrophic events, functioning as a public-interest mandate alongside its commercial operations.

### How does SCR invest its balance sheet?

As of 2023, SCR's gross investment portfolio stood at approximately USD 1.02 billion. The allocation spans fixed-income securities, real estate — including a commercial property portfolio and the Atlantic Re headquarters in Casablanca Finance City — and other international investments supporting its reinsurance liabilities.

### Is SCR purely a reinsurer, or does it have other business lines?

SCR is primarily a treaty and facultative reinsurer covering life and non-life branches, but it also operates the SCR Academy Re, a technical training platform launched in 2017 for insurance professionals. The firm does not write primary insurance.

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Last updated: 2026-08-11T02:43:31.692Z

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