Home Finance Guarantors Africa Reinsurance Limited
- HFGARe

- is a Limited by Guarantee Company (LBG) established in Mauritius. This means that the profits or capital of the company cannot be distributed to directors or members, but must remain within the Company.

- has an A- (MU) rating from GCR.

HFGA raises the capital required for HFGARe. HFGA was created by Housing for HIV NPC in South Africa, which has also committed significant resources to HFGARe.

HFGARe facilitates and provides access to housing finance for first time home buyers and lower- and middle- income families in Africa. It does this through reinsurance or retrocession arrangements with insurers and reinsurers in African countries, through the Collateral Replacement Indemnity which is a cover of last resort to lenders making home loans available within the social development environment.

HFGARe covers reinsurers or insurers that insure banks against defined loss, on home loans to credit worthy middle- and lower-income borrowers. There are defined terms and conditions to both loans and insurance, as well as robust compliance and risk management processes. Lenders buy collateral replacement insurance from local insurance companies, which pass some, if not most, of the risk to HFGARe.

In swapping assumed risk for the insurance premium, we provide a platform for affordable, available home ownership finance.