Finance Monthly - Insurance Awards 2023

Finance Monthly Insurance Awards 2023 Nigeria 65 About Lawrence Mutsunge Nazare Mr Lawrence Mutsunge Nazare has over 30 years’ experience in the insurance industry. He started his professional insurance career with Zimbabwe Reinsurance Corporation in 1990. He then moved to Intermarket Reinsurance in 1999 and left as Managing Director in 2010 to join Continental Reinsurance Plc as the Group Executive Director/Chief Operating Officer. Mr Nazare has held key positions in the insurance industry, including Chairman of the Organization of Eastern and Southern African Insurers (OESAI) – 2012 to 2015; Chairman of Zimbabwe Association of Reinsurance Offices, 2001-2004; Chairman of Insurance Council of Zimbabwe, 2005 to 2008 and Executive Committee/Board Member of East & Southern African Insurers & Reinsurers – 2002 to 2018. He is also a member of the Institute of Directors, Nigeria. About Continental Reinsurance We insure primary insurers as a way of spreading risk. In essence, cushioning the effects of losses for a primary insurer as they transfer to us – the reinsurer – the part of the risk which exceeds their underwriting limit, and which would unduly affect the balance of their retained portfolios. Our value add to Primary Insurers Includes: • Reducing exposure to liquidity problems resulting from a major loss • More homogenous portfolios as risks with high sums insured can be reinsured • Underwriting capacity is strengthened as the reinsured assumes a share of the risks • Increased equity capital as reinsurance frees this risk bound capital REINSURANCE ADVISOR OF THE YEAR Continental Reinsurance Plc. Group Managing Director Lawrence Mutsunge Nazare Contact

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