Ethiopian Reinsurance Welcomes New CEO to Lead Next Phase of Growth

Ethiopian Reinsurance S.C. (EthioRe) officially welcomed its new Chief Executive Officer, Netsanet Lemesa, signaling the beginning of a new chapter for the nation’s flagship reinsurance company.

In his remarks, Lemesa extended heartfelt appreciation to outgoing Acting CEO Fikru Tsegaye, recognizing his exemplary leadership during the transition period. Lemesa noted the stability and continuity Fikru maintained in a time of change, further strengthening the organization’s foundation.

Reflecting on his return to the EthioRe family, Lemesa acknowledged his longstanding ties to the sector, particularly his experience as former CEO of the Ethiopian Insurance Corporation, a founding and major shareholder of Ethiopian Reinsurance. His return is widely seen as a strategic fit for the company’s next phase of growth.

“I am honored to rejoin the EthioRe community at this pivotal moment,” Lemesa said. “Together, we will drive innovation, strengthen strategic partnerships, and cultivate a culture of shared success. EthioRe is well-positioned to become a dominant player in the regional reinsurance market, and I am committed to leading us there with purpose and unity.”

Acting CEO Fikru Tsegaye expressed his full confidence in the new leadership, stating: “We are delighted to welcome Netsanet Lemesa as our new CEO. His experience and strategic vision make him the ideal leader to guide EthioRe into its next growth phase.”