London reinsurer One Re expanding into 38 African countries by 2015

Luanda, Angola: Angola is one of the countries in which One Re currently operates.

One Re Ltd., the first reinsurer approved under Britain’s “twin peaks” system of financial regulation, said it’s seeking clients across 38 African countries in the next year as growth outpaces developed regions.

One Re, started by Johannesburg-born brothers Andrew and Robert Lewis in 2012, already has clients signed up in countries including Mozambique, Angola and Lesotho. Andrew Lewis, chief executive officer, created insurer Global Alliance in 2001 before selling its operations to various buyers including Barclays Africa Group Plc in 2011.

Read more: London Reinsurer Expanding Into 38 African Countries by 2015 – Bloomberg.

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