Africa Re rating on negative review: AM Best

AM Best raised concerns about the capital structure of Africa
Re, the continent's largest reinsurer as it put the
company's financial strength rating under review with negative
implications.
The credit ratings agency noted that Africa Re's investors,
which include 41 African nations and more than 100 (re)insurers,
have a right to sell shares back to the carrier, potentially
disrupting its capital base.Africa Re's management team is said to be working on a plan
to mitigate concerns about sharehol