Kenya Reinsurance Corporation, commonly known as Kenya Re, is a leading reinsurance company based in Nairobi, Kenya. It holds the distinction of being the oldest reinsurer in Eastern and Central Africa. The company provides reinsurance products for both life and general insurance sectors and operates across 62 countries, including regions in Africa, the Middle East, and Asia. More than 50% of Kenya Re’s revenue is generated from foreign markets.
Kenya Re is listed on the Nairobi Securities Exchange (NSE) and continues to play a significant role in the reinsurance industry. As of 2019, Kenya Re reported a net income of KES 4.2 billion and total assets valued at KES 50.4 billion.
History
Kenya Reinsurance Corporation was established through an Act of Parliament in December 1970 and commenced its reinsurance business in January 1971. The company has grown steadily over the years, becoming an influential player in the reinsurance field.
In 2007, Kenya Re launched an Initial Public Offering (IPO), leading to the government reducing its stake in the company. Since then, the reinsurer has expanded its presence, serving insurance companies across multiple regions.
Ownership
The National Treasury of Kenya holds 60% of the shares of Kenya Reinsurance Corporation, with the remaining 40% held by various stakeholders. The company is publicly traded under the symbol KNRE on the Nairobi Securities Exchange.
Governance
Kenya Re is governed by an eleven-person Board of Directors. The Chairperson of the Board is Hon. Catherine Kimura, and the Managing Director is Dr. Hillary M. Wachinga, PhD.
Conclusion
Kenya Reinsurance Corporation continues to be a pivotal institution in Kenya’s financial services sector. Through its extensive operations in East and Central Africa, as well as its growing global presence, Kenya Re plays a vital role in the development of reinsurance services and provides support to insurance companies across multiple continents.
For more information, you can visit their official website: Kenya Reinsurance Corporation.
head office
Location:
Reinsurance Plaza, along Aga Khan Walk & Taifa Road, Nairobi, Kenya
Phone:
+254 703 083 000/200/204
Complaints Office:
+254 703 083 218 , +254 703 083 211
Corruption Reporting:
+254 703 083 324
Email:
Subsidiaries
Abidjan, Cote D’Ivoire
Location: 01 Bp 7539 Abidjan 01
Immeuble Sayegh; 3ème étage
Rue des Jardins en face de Nice Cream
Cocody VALON
Phone: +225 07052095/02951678/
+2250779463928
Email: [email protected]
Kampala, Uganda
Location: Redstone House, First Floor
Bandali Rise Bugolobi
Address: P.O Box 34988
Kampala, Uganda
Phone: +256701585817
Email: [email protected]
Lusaka, Zambia
Location: D.G Office Park, No. 1 Chila Road,
Kabulonga, Lusaka.
Address: P.O. Box 30578 10101
Lusaka, Zambia.
Email: [email protected]
