Kenya Re’s market share shrinks in first quarter

Listed reinsurer Kenya Re’s market share for general business shrank by 18 percentage points to 53 per cent in the first three months of the year, data from the Insurance Regulatory Authority (IRA) shows.

According to IRA, the market share of Kenya Re in the general insurance business came down from 70.9 per cent in December for general business, having collected Sh1.4 billion in premiums by the end of March.