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Kenya Re - what gives?
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nashx
#211 Posted : Wednesday, April 02, 2014 3:15:17 PM
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Joined: 2/28/2014
Posts: 188
Location: Nairobi
19.1 needs to be crossed and then there will be no stopping this share
Offering my personal finance knowledge for free
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sparkly
#212 Posted : Thursday, April 03, 2014 7:19:20 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
SittingPretty wrote:
jerry wrote:
SittingPretty wrote:
I am apperplexed by the direction of this stock, this sudden hemorrhage is not welcomed at all to some of us. @Ericsson please shade light, any idea why any one!

perplexed you mean? What's not welcome?

@Ericsson thanks. That helps!
@Jerry, its one and the same for sure! The haemorrhage is what's not welcome and I got in just below 20 (that tells you). I am still learning the art of investing!



Relax... wait for results ... a measly dividend ... and maybe a bonus.
Life is short. Live passionately.
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mwekez@ji
#213 Posted : Wednesday, April 09, 2014 5:58:39 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
KAA receives Kes. 1.97 billion in full settlement of JKIA fire http://www.standardmedia.co.ke/...settlement-for-jkia-fire
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nashx
#214 Posted : Wednesday, April 09, 2014 7:27:58 PM
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Joined: 2/28/2014
Posts: 188
Location: Nairobi
So who knows the percentage of Kenya Re as per APAs reinsurance treaty...that will inform if KENRE took a hit or not
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Cde Monomotapa
#215 Posted : Wednesday, April 09, 2014 7:41:43 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
OK.

The initial estimate was 2.5B. The actual claim is now 1.97B. smile

Out of 1.97B, 0.5B was paid out in Dec. 2013. Right.

(Dr. Simba) He said that given the broad reinsurance programme, APA’s balance sheet will remain strong despite the payment as it seeks to set a precedent in determining major losses experienced by their clients.

Its reinsurers that include Swiss Re, Africa Re, Kenya Re, Zep Re and East Africa Re contributed to paying the settlement.

KAA gets final Sh1.47bn fire payout http://www.capitalfm.co....;utm_source=twitterfeed

#TukoFiti Results please...
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  | | Edit by user: Wednesday, April 09, 2014 7:45 PM | Reason: Not specified
nashx
#216 Posted : Wednesday, April 09, 2014 7:58:15 PM
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Joined: 2/28/2014
Posts: 188
Location: Nairobi
That's we need to know what is Kenya re's share in the reinsurance treat but i bet its minimal
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VituVingiSana
#217 Posted : Wednesday, April 09, 2014 10:30:16 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Compulsory re-insurance with KenRe is 18% but it can be higher since the minimum [not maximum] is 18%
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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dunkang
#218 Posted : Wednesday, April 09, 2014 10:50:31 PM
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Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
nashx wrote:
That's we need to know what is Kenya re's share in the reinsurance treat but i bet its minimal

That will depend on what is the definition of minimal. Is it KES10M, KES 500M, KES 2,000M????
Receive with simplicity everything that happens to you.” ― Rashi

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guru267
#219 Posted : Thursday, April 10, 2014 6:47:17 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Profit warning bado! Laughing out loudly Pray
Mark 12:29
Deuteronomy 4:16
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Ericsson
#220 Posted : Thursday, April 10, 2014 9:10:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@guru267
APA paid a huge chunk of the compensation.The chairman is trying to calm the nerves by saying "Dr. Simba) He said that given the broad reinsurance programme, APA’s balance sheet will remain strong despite the payment as it seeks to set a precedent in determining major losses experienced by their clients."
I am sure the total contribution of the five reinsurers is less than a billion shillings.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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