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State secures Kenya Re 20pc share of local reinsurance
Kenya Reinsurance managing director Jadiah Mwarania during the release of the firm’s half year results at the InterContinental Hotel in Nairobi last August. PHOTO | SALATON NJAU
Kenyan insurers will soon be required by law to give a larger share of business to Kenya Reinsurance, the first time in two decades such a change is happening.
The new regulations will guarantee the listed State-owned reinsurer business, with underwriters required to cede a fifth of reinsurance business, up from the current 18 per cent.
