Kenya Re eyes 50pc growth in life business on new unit

Kenya Reinsurance Corporation Limited Managing Director, Dr. Hillary Wachinga

Photo credit: File | Nation Media Group

Kenya Reinsurance Company expects a 50 percent growth in premiums from the life reinsurance business within a year following launch of a unit targeting long-term clients in Africa, the Middle East, and Asia.

The firm on Wednesday launched its international life reinsurance operations, which gives it room to target individual and corporate clients spread over 82 markets where it has mainly been offering general reinsurance.

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