Ethio-Re’s decade-long operations save Ethiopia $90M in forex
Ethiopian Reinsurance Share Co. (Ethio-Re), the country’s only domestic reinsurer, said it has saved more than 90 million U.S. dollars in foreign exchange over the past decade by retaining premiums locally instead of ceding them to international firms. At a press briefing Monday, the company reported gross written premium of 3.36 billion birr for 2025,...