Kenya Re, which is entangled in boardroom wrangles, is majority owned by the government with a 60 percent stake.
By
George Ngigi
Correspondent
Nation Media Group
Listed reinsurer Kenya Re is expected to face increased competition in the international market as more countries lock premiums within their borders by increasing mandatory retention rates.
Beyond geographic expansion, the reinsurer told shareholders that it is expanding into life and retakaful segments while growing…
Kenya Re’s fresh capital, disclosed in the reinsurer’s latest annual report, signals a push to strengthen its position in the…
The Treasury has a 60 percent stake in Kenya Re and holds sway on who sits on the board of the reinsurer.
Moody’s has affirmed Kenya Re international and national scale financial strength ratings at B and AA+(KE) respectively, which…
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