Continental Re was registered in 1985 as a professional reinsurance company under the Companies Act 1968 and obtained license to transact Non-Life Reinsurance business on December 10, 1986. It commenced business in January, 1987. Life Reassurance business was commenced in January 1990, the requisite license having been obtained in September 1989. In 1999, Continental Re was converted to a Public Limited Company (PLC).Today (as at 2009), the company has authorized share capital of =N=7.5 Billion and paid-up of over =N=5.0 Billion our shareholders fund of over =N=10 billion. Our investment stood at =N=1.82 Billion as at December, 2006. We now transact business in life and non-life classes, facultative and treaty in over 35 African Countries.