Addis Ababa, Ethiopia – December 13, 2024 – Ethiopian Reinsurance has announced the appointment of Fikru Tsegaye as Acting Chief Executive Officer (CEO), effective December 4, 2024. He was serving as EO, Strategy and Business Development from the date of establishment of Ethio Re. Fikru will lead the company’s day-to-day operations and strategic direction.
About Fikru Tsegaye
Fikru Tsegaye is a seasoned professional with over 20 years of experience in the insurance and reinsurance industry, of which 13 years holding Managerial positions and 8 years holding Senior Executive positions.
He holds multiple advanced qualifications, including five Master’s degrees in Business Administration, Human Resources and Organizational Development, Journalism and Communications, LLM and Islamic Banking and Finance from Addis Ababa University and other renowned universities. He also has Bachelor’s degrees in Marketing Management and Bachelor of Science the AAU.
In addition to his extensive experience, Fikru is an award-winning author, recognized with the 2023 AIO Book Award for his book, Islamic Insurance (Takaful) in Ethiopia, which was declared the best among five entries during the 49th Conference of the AIO in Algiers, Algeria. Moreover, he has received recognition awards as “Emerging Professional in the African Insurance and reinsurance industry ” and ” Takaful Scholar ” award in the African interest free banking and Takaful industry.
=============================================================
Company Outlook
Ethiopian Reinsurance is committed to providing dependable reinsurance protection both locally and internationally. Our mission is to foster market stability and advance the business of insurance through collaboration with all stakeholders. We aspire to be the reinsurer of choice in Ethiopia and uphold our core values of excellence, professionalism, and innovation.
Financial Ratings
In August 2024, AM Best assigned Ethiopian Reinsurance a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of bb (Fair), both with a stable outlook, reflecting our solid financial standing.
For more information about the awards and Fikru’s contributions, please visit the pages:
Mr. Fikru Tsegaye Wordofa – African Insurance Organization Events