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Kenya Re faces more competition in foreign markets
Guests follow proceedings during Kenya Reinsurance Corporation (Kenya Re) investors briefing on mid-fiscal 2019 financial results on August 2, 2019 at the Intercontinental Hotel, Nairobi.
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.
The increased premium retention aimed to help countries curb capital flight while strengthening their domestic reinsurance capacity, has gained popularity across the globe and is being replicated in many countries, including Kenya.
