Beyond geographic expansion, the reinsurer told shareholders that it is expanding into life and retakaful segments while growing its cedant base, which has risen to 970 in 2025 from 723 in 2022.
Kenya Re invests Sh1.5bn in Tanzania, India, Rwanda expansions as it exits unprofitable agriculture; revenue falls to Sh17.07bn from Sh18.84bn. AI-based claims tools, 25% mandatory cessions, and stricter underwriting signal consolidation play in Africa-Asia compliance-tech and insurtech ecosystems.
By
Patrick Alushula
Business Reporter
Nation Media Group
Kenya Reinsurance Corporation (Kenya Re) has lined up Sh1.5 billion to fund a regional and international expansion plan targeting Tanzania, Rwanda and India as it seeks to restore growth after retreating from loss-making business lines.
Kenya Re’s fresh capital, disclosed in the reinsurer’s latest annual report, signals a push to strengthen its position in the…
Kenya Re, which is entangled in boardroom wrangles, is majority owned by the government with a 60 percent stake.
African Reinsurance Corporation (Africa Re) celebrated its 50th anniversary with regulators, finance ministers, development…
Tanzania’s insurance industry is positioning itself as one of Africa’s emerging high-growth markets as firms intensify investment…
The call came at the 48th General Assembly and Golden Jubilee celebration of the African Reinsurance Corporation (Africa Re) in…
The African Reinsurance Corporation (Africa Re) has reported its financial results for the first quarter ended 31 March 2026,…
Kenya T-Bills Draw US$1.4 Billion as Investors Bet on Rates
