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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 Thursday, April 17, 2014 
Close Price (KES)
19.95
Open (KES)
NA
High (KES)
20.25
Low (KES)
19.50
Change (KES) [% Change]
+0.55 [+2.8351%]
Volume
2,354,900
Value (KES)
NA
Deals
NA
52 Week High (KES)
20.75
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)
11,970,000,000.00
 
 
NA = Not Available
 
Nairobi Stock Exchange Limited
Top 5 % Gainers 17 April
Name Close Chg % Chg
Pan Africa Insurance Holdings Ltd Ord 5.00 134.00 +8.00 +6.35%
Trans-Century Ltd Ord 0.50 AIMS 25.00 +1.25 +5.26%
CFC Stanbic of Kenya Holdings Ltd ord.5.00 121.00 +6.00 +5.22%
Standard Group Ltd Ord 5.00 29.75 +1.25 +4.39%
B.O.C Kenya Ltd Ord 5.00 147.00 +5.00 +3.52%
 
Top 5 % Losers 17 April
Name Close Chg % Chg
E.A.Portland Cement Co. Ltd Ord 5.00 92.00 -7.50 -7.54%
Express Kenya Ltd Ord 5.00 AIMS 4.70 -0.20 -4.08%
Mumias Sugar Co. Ltd Ord 2.00 3.15 -0.05 -1.56%
Liberty Kenya Holdings Ltd Ord.1.00 18.75 -0.25 -1.32%
ARM Cement Ltd Ord 1.00 84.00 -1.00 -1.18%
 
 
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NSE 20
Updated: 17 April
Close 4,921.13
Net Change +14.17
Pct Change +0.29%
 
  
Nairobi Stock Exchange Limited
Top Volume Movers 17 April
Equity Bank Ltd Ord 0.50 3,875,500
Safaricom Ltd Ord 0.05 3,060,400
Kenya Re Insurance Corporation Ltd Ord 2.50 2,354,900
British-American Investments Co.(Kenya) Ltd Ord 0.10 1,250,600
The Co-operative Bank of Kenya Ltd Ord 1.00 891,600
 
 
 
 
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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)  
 
 
 
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