Saturday, Aug 23, 2014  
www.moneyhub.net
Home
 
 
   
 
Home  Africa  Kenya 
 
 
Kenya  KENYA RE TO SEAT IN THE BOARD OF THE CONTINENTíS LARGEST REINSURER Kenya Re-insurance Corporation Limited
Date: 
The Managing Director of Kenya Reinsurance Corporation Limited, Mrs. Eunice Mbogo has been elected director to the Board of Africa Reinsurance Corporation. The development took place on 30th June 2007 in Kigali, Rwanda during the Africa Reinsurance Corporationís 29th Annual General Meeting. Mrs. Eunice Mbogo was elected to the realm of the reputable reinsurer, from among the 41 member countries who are the shareholders. The Corporation was established by African Union 30 years ago and enjoys 5% mandatory treaty cessions in Member countries.

Africa Re is ranked among the largest reinsurer in the world and is rated BBB+ and A- by Standard & Poors and A.M. Best respectively. Its shareholders include insurance companies doing business in Africa, all members of African Union including African Development Bank and International Finance Corporation who have substantial shareholding in the Corporation.

This appointment is indeed not only a great honour to Kenya but also for insurance and reinsurance industry. The achievement is an inspiration to Kenya Re and adds to the numerous milestones that the Corporation continues to register.

By: 
Kenya Re-insurance Corporation Limited | Nairobi Stock Exchange | KNRE Friday, Aug 22, 2014 
Close Price (KES)
17.50
Open (KES)
NA
High (KES)
17.60
Low (KES)
17.50
Change (KES) [% Change]
-0.05 [-0.2849%]
Volume
244,300
Value (KES)
NA
Deals
NA
52 Week High (KES)
21.00
52 Week Low (KES)
13.10
YTD High (KES)
NA
YTD High (KES)
NA
EPS (KES)
NA
P/E Ratio
NA
Shares Outstanding
600,000,000
Market Cap (KES)
10,500,000,000.00
 
 
NA = Not Available
 
Nairobi Stock Exchange Limited
Top 5 % Gainers 22 Aug
Name Close Chg % Chg
Kenya Orchards Ltd Ord 5.00 AIMS 12.60 +1.10 +9.57%
Mumias Sugar Co. Ltd Ord 2.00 2.35 +0.15 +6.82%
Eveready East Africa Ltd Ord.1.00 3.10 +0.15 +5.08%
NIC Bank Ltd Ord 5.00 73.50 +2.50 +3.52%
Eaagads Ltd Ord 1.25 AIMS 31.50 +0.75 +2.44%
 
Top 5 % Losers 22 Aug
Name Close Chg % Chg
Express Kenya Ltd Ord 5.00 AIMS 6.00 -0.25 -4.00%
CIC Insurance Group Ltd ord.1.00 8.60 -0.35 -3.91%
Car & General (K) Ltd Ord 5.00 42.50 -1.50 -3.41%
Standard Group Ltd Ord 5.00 32.00 -1.00 -3.03%
Olympia Capital Holdings ltd Ord 5.00 4.85 -0.15 -3.00%
 
 
User Comments and Discussions
(Newest to Oldest)
 
Top Headlines
Standard Bank report confirms strong growth in Africa's rising middle class " and even faster future growth
 
Nigerians Are Selling Unused Items Worth USD 526 million on MoboFree.com
 
Movitel " An evidence of Viettel's successful business model in Africa
 
Africa: Growth is on the horizon but where should you look?
 
NSE 20
Updated: 22 Aug
Close 5,028.06
Net Change +3.42
Pct Change +0.07%
 
  
Nairobi Stock Exchange Limited
Top Volume Movers 22 Aug
KenolKobil Ltd Ord 0.05 35,296,200
Safaricom Ltd Ord 0.05 30,159,100
Kenya Power & Lighting Company Limited Ordinary 2.50 2,430,700
Mumias Sugar Co. Ltd Ord 2.00 1,958,600
Home Afrika Ltd Ord 1.00 947,400
 
 
 
 
Related News  
Kenya Re to open shops in southern Africa next year (08/14/2013)  
Insurance Firms' Prices Not Reflecting Bullish Market (05/24/2013)  
Kenya Re to upgrade West Africa office into subsidiary (05/16/2013)  
Kenya : KENYA REINSURANCE CORPORATION recorded a 45% growth pre-tax-profit to Sh2.94 billion (04/29/2013)  
Kenya Reinsurance Corporation Full IPO Prospectus (07/18/2007)  
Faida Securities Kenya Re Research Report (07/18/2007)  
Kenya Reinsurance Corporation Limited IPO Application Form (07/18/2007)  
 
 
 
Home Contact Us Privacy Policy  
 
Copyright ©2005 - 2012 moneyhub.net All Rights Reserved