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Kenya Re - what gives?

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mypesa		#221 Posted : Monday, April 14, 2014 1:57:33 PM
Rank: Member Joined: 8/14/2007 Posts: 111		Waiting Game continues . Very optimistic Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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mwekez@ji		#222 Posted : Monday, April 14, 2014 7:35:19 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		JKIA Fire Inquiry Cost APA Sh130 Million in Consultancy Fees http://allafrica.com/stories/201404141405.html .................................................................................................... The insurer said close to 40 experts were involved hence the high cost of adjusting the claim. The highly skilled individuals involved in investigations gobbled up Sh130 million. "It is a huge claim, and yes, it's expensive but we cannot say for sure that it is the largest since we do not know how much Kenindia has paid for the Westgate claim," said Mark Obuya, Association of Kenya Insurers chairman. .................................................................................................... "Even the total compensation payout of close to Sh2 billion is the highest I have heard of in this industry." Out of the Sh1.97 awarded to KAA as compensation, APA only paid Sh200 million while the rest was spread out across its five re-insurers, including KenyaRe. .
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Cde Monomotapa		#223 Posted : Tuesday, April 15, 2014 2:29:26 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Of all the probable angles Kenya-Re has been covered on this thread, there is yet another. As per the H1 2013 results, management indicated Kenya-Re's retrocession premiums (reinsurance for re-insurers) grew by 28% - a deliberate increase in cover limits for better protection. Should go a long way in better absorption/distribution of claims.
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Cde Monomotapa		#224 Posted : Tuesday, April 15, 2014 2:58:24 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		@murchr Continental Re "Deals, deals, deals." The pan-African reinsurance company, Continental Reinsurance is planning new acquisitions to drive its expansion on the continent. The firm which already has a subsidiary in Nairobi is eyeing a larger share of the African reinsurance market through regional expansion driven by growing its existing business, establishing new regional subsidiaries, and acquisitions “We believe that Africa must have strong and large insurance institutions so that we can keep African premiums in Africa,” he said. “We see opportunities in organic growth and we see opportunities in acquisitions. As I speak, we have entered into discussions with reinsurance companies in West Africa, East Africa and in Southern Africa,” added Dr Oyetunji. Read more at: http://www.standardmedia...sitions-to-drive-growth
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murchr		#225 Posted : Tuesday, April 15, 2014 5:23:00 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		@mweke you keep waiting for that dent...haitakuwa. @CDE hii continental Re...ina wenyewe, i guess no listing will be coming soon. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Ericsson		#226 Posted : Tuesday, April 15, 2014 6:42:56 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Kenya Re is bigger than Continental Re PLC in terms of assets and profits and underwritten business. Bigger even than Continental Re Nigeria Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#227 Posted : Tuesday, April 15, 2014 6:49:12 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Seems penetrating the kenyan market for continental re has become a hard nut to crack. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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dunkang		#228 Posted : Tuesday, April 15, 2014 7:28:24 AM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		BRITAM has acquired 30% of Continental RE at KES 300M. Receive with simplicity everything that happens to you.” ― Rashi
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Ericsson		#229 Posted : Tuesday, April 15, 2014 8:10:35 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		@dunkang This is posted in another post of britam so that this post remains only for Kenya Re Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mkeiy		#230 Posted : Tuesday, April 15, 2014 8:14:33 AM
Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi		dunkang wrote: BRITAM has acquired 30% of Continental RE at KES 300M. 30% @ 300mn? Does that mean it's 1 bn company?
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