The Kenya Reinsurance Corporation (Kenya Re) is looking for a ratings agency, to assess its current creditworthiness as it seeks to bolster its standing in the reinsurance market where financial strength is key in winning major business.
The reinsurer, which is 60 percent owned by the Kenyan government, says the rating exercise will cover the operations of its head office in Kenya as well as its three subsidiaries in Cote D’Ivoire, Zambia and Uganda.
