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Kenya Re at a glance

Kenya Reinsurance Corporation Limited (Kenya Re) provides reinsurance services to insurance

companies in Kenya, Africa Middle East and Asia. Kenya Re offers stability, financial strength

and expertise to its clients.Kenya Re strives to be customer focused, committed to growth.

Corporate Vision

VISION

Global partner in securing risk.

MISSION

We provide risk management solutions that secure the future and create value for stakeholders.

News and Events

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Global Credit Rating Affirms Kenya Re’s Ratings

 

The Global Credit Rating (GCR) from South Africa, affirmed the Corporations rating of AA for domestic claims paying ability with a stable outlook and BB for the international scale paying ability while, AM Best Rating Agency rated the Corporation B (Fair) for the Financial Strength rating (FSR) and bb+ for the Issuer Credit Rating (ICR) with stable outlook.

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KENYA RE ANNOUNCES SHAREHOLDER DIVIDEND PAYOUT OF KSHS. 0.80 PER SHARE

Nairobi, 16thJune, 2017…..In the interest of building shareholder inclusivity and boosting shareholder value, Kenya Reinsurance Corporation today announced the shareholder dividend for the year 2016 during the 19th annual general meeting held at the Bomas of Kenya in Nairobi. 

 

Kenya Re recently announced results for the full year results for the period ended 31st December 2016 which was made possible by the Corporation’s progressive and consistent efforts. 

 

The Corporation also highlighted their 2016 non-financial key achievements which included the expansion into the Southern Africa region, enhanced visibility of the Niko Fiti – Ability beyond Disability CSR campaign as well as the continuous improvement of enterprise risk management. The Corporation set up a quality management system; ISO 9001:2008 Certification that will ensure that the service delivery aspects are benchmarked against Global best practice.

 

 Speaking during the shareholder briefing, Kenya Re’s Chairman, Mr. David Kemei said that Kenya Re’s corporate growth strategy was accredited to the positive financial results last year, however the firm’s resilience was delivered by the ability to evolve the corporation’s services to meet evolving reinsurance needs.

 

“The Corporation is committed to the advancement of the insurance industry through training programmes, making prudent investment decisions for the benefits of its shareholders. We have continued to build strong partnerships with insurance companies to design and develop products and services,” Kimei said.

 

The Managing Director, Mr. Jadiah Mwarania added that The Corporation’s 2017 Strategic focus is to achieve sustainable robust financial performance to grow shareholder value, enhance business process, penetrate new markets so as to increase market share, spread business risk and develop human resource capability and culture to match the Corporation’s performance requirements. . 

 

For more press information contact:

Gladys Some - Mwangi

Manager, Corporate Affairs

Kenya Reinsurance Corporation Limited

This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

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ZAMBIA OFFICE LAUNCH AND INAUGURAL GOLF TOURNAMENT

The first Kenya Reinsurance Golf Day in Zambia was held at the celebrated Lusaka Golf Club on 9th November 2016, a day before the official Zambia regional office launch.

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Raising a toast to business partners

Kenya Reinsurance Corporation Ltd (Kenya Re) held a cocktail to appreciate and recognise insurance professionals and practitioners as key business partners who have immensely contributed to the growth of the corporation, both locally and internationally.

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KENYA RE SPONSORS ROYAL “WANABIMA” GOLF TOURNAMENT

The Corporation is very cognizant on the need for support for worthwhile initiatives aimed at creating and sustaining mutually beneficial business relationships. 

On 2nd February 2019, the Corporation joined other insurance/ reinsurance companies in sponsoring the Royal “Wanabima’’ golf tournament held at the Royal Nairobi Golf Club. The tournament that was held for the second time after last year attracted over 180 golfers. The purpose of the event, according to the sponsors, was to raise industry awareness about the critical role of the insurance industry.

Other event sponsors were Africa Trade Insurance Agency (ATI), Continental Reinsurance, AAR Healthcare, Resolution Insurance Company, Minet, Reinsurance Solutions as well as individuals from the insurance industry.

Kenya Re was ably represented at the tournament by our Assistant Manager, Local Business Unit, Mr. Linus Kowiti.

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KENYA RE SPONSORS ROYAL NAIROBI GOLF TOURNAMENT

The Corporation is very cognizant on the need for support for worthwhile initiatives aimed at creating and sustaining mutually beneficial business relationships. 

On 2nd February 2019, the Corporation joined other insurance/ reinsurance companies in sponsoring the Royal “Wanabima’’ golf tournament held at the Royal Nairobi Golf Club. The tournament that was held for the second time after last year attracted over 180 golfers. The purpose of the event, according to the sponsors, was to raise industry awareness about the critical role of the insurance industry.

Other event sponsors were Africa Trade Insurance Agency (ATI), Continental Reinsurance, AAR Healthcare, Resolution Insurance Company, Minet, Reinsurance Solutions as well as individuals from the insurance industry.

Kenya Re was ably represented at the tournament by our Assistant Manager, Local Business Unit, Mr. Linus Kowiti.

 

 

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KENYA RE AT THE FOREFRONT IN INTRODUCING NEW FINANCIAL REPORTING STANDARD

Kenya Reinsurance Corporation held a breakfast forum earlier on 30th October 2018 where Deloitte and Fidelity Information Services (FIS) shared joint insight and knowledge on the new International Financial Reporting Standard, IFRS 17. The forum held at the Radisson Blue hotel in Nairobi was graced by insurance stakeholders, clients, regulators and industry bodies. The forum focused on giving an informed overview and demystifying the concepts under IFRS 17.

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KENYA RE AT MAANZONI LODGE

 Employees are the most valuable assets a company has; ensuring that they are motivated and enjoy a great relationship together, team buildings remain an ideal avenue to facilitate good synergy as well as guarantee better output and productivity. Team building helps foster better and open communication between employees themselves, and also between employees and the higher management. It goes a long way in improving professional relations, understanding and co-operation. Team building makes the team, a unit and improves coordination between its members as this is one of the important goals to be achieved on the way to organizational success.

 

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AM BEST AFFIRMS CREDIT RATINGS OF KENYA REINSURANCE CORPORATION LIMITED

AM Best, through a press release published on the Business Wire website on 31st January 2019, write that AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of the Corporation. The outlook of these Credit Ratings is stable.

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Copyright © 2019 Kenya Reinsurance Corporation. All Rights Reserved.Nairobi, Kenya, Tel. +254 703 083 000, +254 20 220 2000, Email: kenyare@kenyare.co.ke, (+254703083210 & +254703083212 Complaints Office), ( +254703083241/+254703083303 Corruption reporting lines).