Company profile
Compagnie d'Assurance et de Reassurance
Compagnie d'Assurance et de Réassurance (CAR) is a Mauritanian insurance and reinsurance company based in Nouakchott, Mauritania. Operating in the Mauritanian non-life insurance market, CAR provides general insurance and reinsurance products to individual and corporate policyholders in Mauritania, within a regulated market governed since January 2025 by the Banque Centrale de Mauritanie. Ranked seventh in the Mauritanian insurance sector by gross written premiums in 2024, CAR recorded premiums of approximately USD 289,000 in 2024, representing a 0.89% market share in a highly concentrated market led by Nationale d'Assurance et de Réassurance (NASR) with a 61.46% share. In June 2026, Cameroonian pan-African group SAAR Assurance (Société Africaine d'Assurances et de Réassurances) finalised a majority stake acquisition in CAR, marking SAAR's entry into the Mauritanian market.
- Sector
- Financial services / Reinsurrance, Non-life Insurance
- Markets
- Mauritania
- Founded
- 1993
- Ownership
- Private
- Stage
- SME
- Business model
- B2B, B2C Financial Services
Products and services
General Non-Life Insurance Products (automobile, fire, transport, miscellaneous accident) & Reinsurance Services
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 18 Jun 2026 | SAAR Assurance acquires majority stake in Mauritanian Insurance and Reinsurance Company (CAR) | Corporate Transactions | Undisclosed | Mauritania |
Source: Partner Researchers.