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16 Pages«<13141516>
Kenya Re - 2018 and beyond
VituVingiSana
#281 Posted : Tuesday, February 18, 2020 1:50:50 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
Two-year prison term for ex-Kenya-Re boss upheld
https://www.businessdail...459458-hdcbp3/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#282 Posted : Tuesday, February 18, 2020 9:16:39 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,719
Location: Enk are Nyirobi
[quote=VituVingiSana]Two-year prison term for ex-Kenya-Re boss upheld
https://www.businessdail...59458-hdcbp3/index.html[/quote]


Good riddance
Life is short. Live passionately.
xtina
#283 Posted : Wednesday, February 19, 2020 6:09:00 AM
Rank: Member


Joined: 6/26/2008
Posts: 329
[quote=VituVingiSana]Two-year prison term for ex-Kenya-Re boss upheld
https://www.businessdail...59458-hdcbp3/index.html[/quote]

Kenya Re, so boring that even news of the (mis)adventures of its executives is more exciting than the share/company itself Laughing out loudly Laughing out loudly (this is on a light note)
VituVingiSana
#284 Posted : Wednesday, February 19, 2020 6:41:42 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
xtina wrote:
VituVingiSana wrote:
Two-year prison term for ex-Kenya-Re boss upheld
https://www.businessdail...59458-hdcbp3/index.html


Kenya Re, so boring that even news of the (mis)adventures of its executives is more exciting than the share/company itself Laughing out loudly Laughing out loudly (this is on a light note)
Some of us prefer it that way! Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#285 Posted : Monday, February 24, 2020 11:27:23 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
Bad brokers should be weeded out
https://www.businessdail...67670-f80q9w/index.html Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#286 Posted : Wednesday, February 26, 2020 10:47:39 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
Unaudited FY results out for EAPC & KPLC so there's a good chance KenyaRe will follow suit! Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#287 Posted : Wednesday, February 26, 2020 12:45:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
VituVingiSana wrote:
Unaudited FY results out for EAPC & KPLC so there's a good chance KenyaRe will follow suit! Applause

EAPC released HY to December 2019
Ericsson
#288 Posted : Wednesday, February 26, 2020 5:11:29 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
VituVingiSana wrote:
Unaudited FY results out for EAPC & KPLC so there's a good chance KenyaRe will follow suit! Applause

Dividend decision will be made but no payout since the AGM date and agenda decision will not be determined until the AG signs, according to the CMA advisory.
From KaunganaDoDo
VituVingiSana
#289 Posted : Wednesday, February 26, 2020 6:44:01 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Unaudited FY results out for EAPC & KPLC so there's a good chance KenyaRe will follow suit! Applause

Dividend decision will be made but no payout since the AGM date and agenda decision will not be determined until the AG signs, according to the CMA advisory.
From KaunganaDoDo
Please post a link the CMA advisory. The website doesn't have it under news and highlights https://cma.or.ke
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#290 Posted : Wednesday, February 26, 2020 9:39:22 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Unaudited FY results out for EAPC & KPLC so there's a good chance KenyaRe will follow suit! Applause

Dividend decision will be made but no payout since the AGM date and agenda decision will not be determined until the AG signs, according to the CMA advisory.
From KaunganaDoDo
Please post a link the CMA advisory. The website doesn't have it under news and highlights https://cma.or.ke


KaunganaDoDo is our insider source
Ericsson
#291 Posted : Friday, February 28, 2020 12:02:29 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
Ericsson wrote:
VituVingiSana wrote:
Unaudited FY results out for EAPC & KPLC so there's a good chance KenyaRe will follow suit! Applause

Dividend decision will be made but no payout since the AGM date and agenda decision will not be determined until the AG signs, according to the CMA advisory.
From KaunganaDoDo

@vvs
Refer to KENGEN's FY results for further guidance.
Ericsson
#292 Posted : Sunday, March 01, 2020 10:58:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Unaudited FY results out for EAPC & KPLC so there's a good chance KenyaRe will follow suit! Applause

Dividend decision will be made but no payout since the AGM date and agenda decision will not be determined until the AG signs, according to the CMA advisory.
From KaunganaDoDo
Please post a link the CMA advisory. The website doesn't have it under news and highlights https://cma.or.ke

https://www.businessdail...74590-2q7ji2/index.html

There you go
VituVingiSana
#293 Posted : Sunday, March 01, 2020 11:20:34 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Unaudited FY results out for EAPC & KPLC so there's a good chance KenyaRe will follow suit! Applause

Dividend decision will be made but no payout since the AGM date and agenda decision will not be determined until the AG signs, according to the CMA advisory.
From KaunganaDoDo
Please post a link the CMA advisory. The website doesn't have it under news and highlights https://cma.or.ke

https://www.businessdail...74590-2q7ji2/index.html

There you go
Thank you for this but if you have the actual release/notice then I would like to read it ("CMA advisory") for myself. BD's interpretations aren't always spot on.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#294 Posted : Saturday, March 07, 2020 9:37:10 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
FY results will be released this month but no dividend payout will be declared due to lack of an Auditor General
Ericsson
#295 Posted : Wednesday, March 11, 2020 7:23:17 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
https://www.businessdail...6266-7evj6xz/index.html

Kenya Reinsurance Company will seek an extension to the law that forces local insurers to cede at least 20 percent of the reinsurance business to the Nairobi-listed firm.

This law is set to expire on December 31.

But Kenya Re is pushing for an extension and rise of the ceded business beyond 20 percent.

The forced reinsurance business accounts for 35 percent of Kenya Re’s annual revenues, reflecting its importance to the financial health of the State-owned Kenya Re.

“We will make a proposal for the mandatory cessions to be extended and if possible, to be increased. Historically, the government has been renewing,” said managing director Jadiah Mwarania in an interview with Business Daily.

Kenyan insurers are also required to place 10 percent and five percent of their business respectively with Zep Re and Africa Re. Other reinsurers can, therefore, benefit from only 65 percent of the cessions.

Other markets outside Kenya have been implementing laws requiring higher retention of business locally.

Uganda Re gets 15 percent in compulsory policy cessions while Tanzania Re gets 20 percent treaty cessions in addition to 10 percent policy cessions.

Kenya Re lost policy cessions in 1999, remaining only with treaty sessions.
Ericsson
#296 Posted : Thursday, March 12, 2020 2:01:27 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
https://www.businessdail...596-12yqakwz/index.html

Kenya Re wants to establish a Shariah-compliant subsidiary in Egypt after converting into capital Sh5.25 billion from its cash reserves through issuance of bonus shares.
The State-controlled reinsurer says last year’s decision to issue an additional 2.099 billion bonus shares saw its capital base quadruple from Sh1.75 billion to Sh6.99 billion.

Kenya Re’s new capital base meets the revised Egyptian insurance law that was enforced last year, raising minimum capital base for reinsurers from Sh391.98 million (E£60 million) to Sh6.49 billion (E£1bn).

“Increasing our capital base was necessary for accessing some markets. We are thinking of Egypt for re-takaful business given the high Muslim population. That could be our next stop next year,” said managing director Jadiah Mwarania in an interview.

He said the firm had also done feasibility studies for Sudan and Nigeria but will be giving priority to Egypt. The company also has presence in Uganda, Ivory Coast and Zambia.
Last year, it launched a subsidiary in Uganda and started trading. This is in addition to the 11.5 percent stake it owns in Uganda Re.
Superprime1
#297 Posted : Thursday, March 12, 2020 11:50:34 AM
Rank: Member


Joined: 5/2/2018
Posts: 264
Serious dumping at Sh2.50! What's cutting? Drool Drool
Ericsson
#298 Posted : Thursday, March 12, 2020 12:09:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,394
Location: NAIROBI
Superprime1 wrote:
Serious dumping at Sh2.50! What's cutting? Drool Drool


Corona virus
Superprime1
#299 Posted : Thursday, March 12, 2020 12:16:55 PM
Rank: Member


Joined: 5/2/2018
Posts: 264
Ericsson wrote:
Superprime1 wrote:
Serious dumping at Sh2.50! What's cutting? Drool Drool


Corona virus

Lucky are those liquid at this time; well, if they outlast the pandemic! Too much blood in the streets.
VituVingiSana
#300 Posted : Sunday, March 15, 2020 12:19:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,003
Location: Nairobi
https://www.nation.co.ke...1376-6niigwz/index.html No AG anytime soon!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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