The Namibia National Reinsurance Corporation (NamibRe), which is mandated with providing reinsurance services within Namibia and minimising the placement of insurance and reinsurance business outside the borders of the country, this month celebrates its 19th anniversary. The state-owned entity was started with a capital injection of N$ 20 million and only 7 staff members, since then having grown to a staff compliment of about 34 and a much strengthened capital base. The corporation, which was ranked amongst the top 27 Reinsurance companies in Africa with an annual turnover at the time of over US$ 15 million, has also managed to yield cumulative returns to the shareholder of over 875% on the initial investment and growth in total assets of 195%.