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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, Oct 23, 2014 
Close Price (KES)
17.90
Open (KES)
NA
High (KES)
18.00
Low (KES)
17.60
Change (KES) [% Change]
+0.25 [+1.4164%]
Volume
71,900
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)
10,740,000,000.00
 
 
NA = Not Available
 
Nairobi Stock Exchange Limited
Top 5 % Gainers 23 Oct
Name Close Chg % Chg
Kenya Power & Lighting Company Limited Ordinary 2.50 17.25 +2.25 +15.00%
Car & General (K) Ltd Ord 5.00 59.00 +5.00 +9.26%
Eveready East Africa Ltd Ord.1.00 4.10 +0.30 +7.89%
Olympia Capital Holdings ltd Ord 5.00 8.05 +0.55 +7.33%
Total Kenya Ltd Ord 5.00 26.50 +1.25 +4.95%
 
Top 5 % Losers 23 Oct
Name Close Chg % Chg
Nation Media Group Ltd Ord. 2.50 288.00 -17.00 -5.57%
Unga Group Ltd 42.75 -2.50 -5.52%
Home Afrika Ltd Ord 1.00 4.15 -0.15 -3.49%
Sasini Ltd Ord 1.00 14.00 -0.40 -2.78%
CIC Insurance Group Ltd ord.1.00 10.05 -0.25 -2.43%
 
 
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NSE 20
Updated: 23 Oct
Close 5,259.43
Net Change +8.34
Pct Change +0.16%
 
  
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