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Kenya Re’s outlook drops to negative over tight capital

Mr Jadiah Mwarania, Kenya-Re managing director. PHOTO | DIANA NGILA | NATION MEDIA GROUP

Ratings agency A.M. Best has revised Kenya Re’s outlook to negative from stable citing requirement for more capital and dependence on investment earnings.

However, the New Jersey-based credit rating firm affirmed Kenya Re’s financial strength at B+ which means the reinsurer can meet ongoing obligations.

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