Kenya Re-Insurance Corporation Ltd.
NNSEKE:KNRE4.00
KES
-0.07
(-1.72%)
ISIN
KE0000000604
Return %
Stock
S&P 500
1Y
33.33
13.14
3Y
349.44
80.78
5Y
220.00
67.74
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Hillary Maina Wachinga
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Nairobi Kenya
- IPO Date
- Aug 27, 2007
- Website
- kenyare.co.ke
- Similar Companies
- Business
- Kenya Re-Insurance Corporation Ltd. is a Kenya-based reinsurance enterprise that provides a comprehensive range of reinsurance underwriting, retakaful solutions, and real estate management services to primary insurance companies, corporations, and institutional clients across Africa, the Middle East, and Asia. Founded in 1970 and headquartered in Nairobi, Kenya, the corporation operates through three primary business segments: General Reinsurance, Life Reinsurance, and Real Estate Investment. The company's General Reinsurance segment delivers treaty and facultative reinsurance arrangements across diverse risk classes, including fire and engineering reinsurance, encompassing industrial all risks, property damage, business interruption, machinery breakdown, electronic equipment, contractors all risks, and erection all risks; motor reinsurance, covering private, commercial, and public service vehicle fleets; marine and aviation reinsurance, comprising marine cargo, marine hull, goods in transit, and aviation hull and liabilities; casualty and liability reinsurance, covering public liability, product liability, professional indemnity, directors and officers liability, and employers liability; theft, burglary, and fidelity guarantee protections; oil and energy reinsurance; political risk, terrorism, and sabotage reinsurance; and specialized agricultural reinsurance, providing index-based crop and livestock coverage. Through its dedicated retakaful window, the company provides Sharia-compliant general and family retakaful solutions designed for Islamic insurance operators. Its Life Reinsurance segment provides treaty and facultative capacity for individual life policies, group life assurance schemes, group credit life covers, mortgage redemption policies, disability protections, critical illness covers, annuities, and funeral expense plans. In addition to risk underwriting, the corporation owns, develops, leases, and manages commercial real estate properties, including office complexes such as Reinsurance Plaza in Nairobi, Anniversary Towers in Nairobi, Kenya Re Towers in Upper Hill Nairobi, and Reinsurance Plaza in Kisumu, while also providing actuarial consultancy, risk management advisory, and technical training to ceding insurance offices. Geographically, the corporation serves ceding companies across more than 60 countries throughout Africa, the Middle East, and Asia, operating regional subsidiary and liaison offices including Kenya Reinsurance Corporation Zambia Limited in Lusaka for Southern Africa, Kenya Reinsurance Corporation Côte d'Ivoire in Abidjan for West and Central Africa, and a liaison office in Kampala, Uganda for the East African territory. In recent developments, Kenya Re-Insurance Corporation Ltd. has advanced its 2022–2026 strategic transformation program, prioritizing digital modernisation, underwriting discipline, and geographical expansion into untapped frontier markets. The corporation has upgraded its enterprise core reinsurance software infrastructure to automate treaty accounting, accelerate claims settlement processing, and improve cedant data exchange. Furthermore, the company has expanded its agricultural climate-risk solutions and retakaful underwriting capacity across North Africa and the Middle East, strengthened its capital management framework in alignment with risk-based capital solvency regulations, and secured affirmations of its financial strength and national scale claims-paying ability ratings from international credit rating agencies such as AM Best and Global Credit Ratings.