Africa Re-Holds is accepting students for a new tailored training programme designed to promote sound insurance standards to support Uganda's nascent oil and gas industry.

New Vision reports that the company has identified a growing need for technical skills development in the insurance sector in order to respond to the specific risks of oil and gas production.

"This new risk exposure calls for specialised knowledge from insurance practitioners intending to provide protection against the insurable risks that could be a major threat to the massive capital investments required by those in the oil and energy business," said George Otieno, Africa Re-Hold's regional insurance chief.

Africa Re-Holds is one of the top 50 reinsurers in the world by retained premium income and it has shareholders in 41 African countries, as well as a number of private companies invested in the region, such as African Development Bank, the International Finance Corporation, DEG of Germany, FMO of the Netherlands and Proparco of France.

Tullow and Heritage, which are leading in the development of Uganda's Lake Albert basin, have also undertaken training for local workers looking to enter the nascent industry.

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