# 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:** atlanticre.ma

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1960, Atlantic Re — rebranded from Société Centrale de Réassurance — operates as Morocco's national reinsurer under the majority ownership of Caisse de Dépôt et de Gestion (CDG), the state-owned investment fund. The firm was established as a pillar of domestic financial resilience and remains deeply embedded in Morocco's insurance architecture, balancing its statutory role with a growing commercial book. Atlantic Re's underwriting spans life and non-life treaty reinsurance, with a portfolio built on property, casualty, engineering, marine, aviation, and agricultural lines. The firm manages the FAIR Aviation Pool and serves as a regional capacity provider, most recently entering a partnership with Africa Specialty Risks to expand coverage for complex risks on the continent. Its geographic diversification strategy targets corridors in West Africa, East Africa, and the Middle East, supported by representative offices in Abidjan, Kigali, and Cairo. Total assets stood at MAD 17.58 billion (approximately $1.61 billion) at year-end 2023, with gross invested assets of MAD 11 billion. The firm produced net income of MAD 282 million for a return on equity of 10.17%. Adjacent structures include SCR Academy Re, an in-house training academy launched in 2017 to build actuarial and underwriting capacity across African partner markets. AM Best affirmed its B++ (Good) financial strength rating with a stable outlook in 2023. The firm's dual identity as both a public-interest reinsurer and an internationally expanding commercial carrier creates an unusual governance tension.

## Sectors

- Insurance
- Reinsurance
- Catastrophe Risk

## Offices

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

## People

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

## Questions

### What is Atlantic Re's relationship with Caisse de Dépôt et de Gestion?

CDG holds a 94% equity stake in Atlantic Re, making it the controlling shareholder. This relationship channels state-directed capital and public-interest obligations through the reinsurer, including the firm's 90% share of Morocco's catastrophe risk reinsurance regime.

### What is Atlantic Re's geographic footprint?

The firm is headquartered in Casablanca and maintains representative offices in Abidjan, Côte d'Ivoire; Kigali, Rwanda; and Cairo, Egypt. It underwrites across francophone and anglophone Africa, the Middle East, and Asia, pursuing geographic diversification as a core operating principle.

### How does the rebrand from SCR to Atlantic Re affect the firm's structure?

The rebrand to Atlantic Re represents a marketing and strategic repositioning rather than a legal restructuring. The same corporate entity continues to operate with the same ownership, balance sheet, and regulatory status, but the new identity signals intent to compete more visibly as a pan-African commercial reinsurer.

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

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