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Kenya Re - what gives?
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Cde Monomotapa
#141 Posted : Saturday, January 25, 2014 1:44:51 PM
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Joined: 1/13/2011
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VituVingiSana
#142 Posted : Saturday, January 25, 2014 3:39:36 PM
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Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Takaful & Re-takaful is a small but growing part of the business nevertheless NOT the driver for meaningful growth for Kenya Re in 2014. I believe kenRe will see the price approaching NAV as other insurance firms trade at a premium to NAV.

Despite JKIA & Westgate, I expect KenRe to have record earnings which includes value (comprehensive) growth in Bonds, Stocks and Real Estate. What would make me happier is a Takeover Offer [unlikely] or a Strategic Investor who takes up 51% so GoK no longer calls the shots.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#143 Posted : Saturday, January 25, 2014 4:10:12 PM
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VituVingiSana wrote:
Takaful & Re-takaful is a small but growing part of the business nevertheless NOT the driver for meaningful growth for Kenya Re in 2014. I believe kenRe will see the price approaching NAV as other insurance firms trade at a premium to NAV.

Despite JKIA & Westgate, I expect KenRe to have record earnings which includes value (comprehensive) growth in Bonds, Stocks and Real Estate. What would make me happier is a Takeover Offer [unlikely] or a Strategic Investor who takes up 51% so GoK no longer calls the shots.


Actually, the major Takaful market for Kenya-Re is in West Africa - hence the full Op in Abidjan. The emerging Takaful in Kenya is new business. Very much welcome and might it keep growing by leaps & bounds.

Btw, as per the Takaful Insurance of Africa website, it's in partnership with both Kenya-Re & ZEP-RE on Re-Takaful. There lies a Pan-African partnership network opportunity for the envisioned X-border expansion by TIA.
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VituVingiSana
#144 Posted : Saturday, January 25, 2014 5:12:02 PM
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Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Cde Monomotapa wrote:
VituVingiSana wrote:
Takaful & Re-takaful is a small but growing part of the business nevertheless NOT the driver for meaningful growth for Kenya Re in 2014. I believe kenRe will see the price approaching NAV as other insurance firms trade at a premium to NAV.

Despite JKIA & Westgate, I expect KenRe to have record earnings which includes value (comprehensive) growth in Bonds, Stocks and Real Estate. What would make me happier is a Takeover Offer [unlikely] or a Strategic Investor who takes up 51% so GoK no longer calls the shots.


Actually, the major Takaful market for Kenya-Re is in West Africa - hence the full Op in Abidjan. The emerging Takaful in Kenya is new business. Very much welcome and might it keep growing by leaps & bounds.

Btw, as per the Takaful Insurance of Africa website, it's in partnership with both Kenya-Re & ZEP-RE on Re-Takaful. There lies a Pan-African partnership network opportunity for the envisioned X-border expansion by TIA.
See what I said [in bold] earlier... In 2015 onwards it might produce meaningful growth for KenRe
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#145 Posted : Friday, January 31, 2014 12:42:09 PM
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Joined: 1/13/2011
Posts: 5,964
Interesting read here.

*Africa *(Re)Insurance *Micro Insurance *Takaful *Hydrocarbons *Infrastructure

Africa’s Diverse Insurance Markets Offer Growth Opportunities, Untapped Demand - A.M Best http://www.bestweek.com/...ricaDiverseInsurance.pdf
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Cde Monomotapa
#146 Posted : Friday, January 31, 2014 11:27:11 PM
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Joined: 1/13/2011
Posts: 5,964
Interesting this Islamic Finance story. Would really like to see how it works on infrastructure finance.

Africa: Islamic finance looks south of the Sahara Full article: http://www.euromoney.com...south-of-the-Sahara.html
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Cde Monomotapa
#147 Posted : Tuesday, February 04, 2014 10:51:18 PM
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Cc. @hisah

Dubai's Aramex to spend up to $200m on acquisitions

The Dubai bourse-listed company, which on Sunday posted a 16 percent rise in Q4 profit to $20.8m, could either tap the Islamic debt market by issuing a sukuk or via a syndicate bank loan, Hussein Hachem said.

Hachem said that Aramex was targeting companies that broadly fit in with its strategy of facilitating trade between the African continent, which he described as “underserved”, and regions such as the Middle East, China, and India... http://www.arabianbusine...537166.html#.UvFDqu_IuSp
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Horton
#148 Posted : Wednesday, February 05, 2014 7:49:29 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
I read on this week's EAST AFRICAN that BRIT is targeting to buy a significant stake reinsurer. Could that be the reason why thus has risen so much?

http://www.theeastafrica...-/12sgy3cz/-/index.html
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VituVingiSana
#149 Posted : Wednesday, February 05, 2014 9:02:02 AM
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Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Horton wrote:
I read on this week's EAST AFRICAN that BRIT is targeting to buy a significant stake reinsurer. Could that be the reason why thus has risen so much?

http://www.theeastafrica...-/12sgy3cz/-/index.html
Britam should negotiate with Jubilee & buy-out KenyaRe which has a significant stake in regional ZepRe
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#150 Posted : Wednesday, February 05, 2014 9:10:04 AM
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Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
@VVS what's ur email address?
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