Kenya Re set for higher revenue as government raises mandatory cession to 25pc
Treasury said the changes will provide a “clearer and more orderly” framework and ensure higher local retention of premiums.


KNRE
Data as of Jun 02, 2026

In The News

Treasury said the changes will provide a “clearer and more orderly” framework and ensure higher local retention of premiums.


The Auditor-General’s report also flagged bonus payouts to staff and directors without SRC clearance.


Listed reinsurance company Kenya Re plans to venture into the asset management business, an initiative aimed at diversifying its revenue streams, enhancing shareholder value, and expanding into the financial services sector amid earnings pressures


The reinsurer is moving to tap fee-based income as competition from regional players intensifies.


Kenya Reinsurance posts KSh 3.92Bn profit for FY25, down 11.6%, as insurance service result craters 96.3% to KSh 108 million amid rising reinsurance costs.


Kenya Re said it cancelled the bids after an unidentified call to a member of the tender committee and a rowdy visit by five individuals to its office.


Proposed changes would lock in State influence at the reinsurer’s boardroom while tightening leadership tenures amid regulatory shifts set to boost its market share.


Kenya Re has called a February 11 SGM to approve a dual share structure, cut board size to nine, and give the National Treasury majority board control.


Kenya Re has reinstated MD Dr. Hillary Wachinga effective November 6, 2025, with operations continuing and governance commitments reaffirmed.


Kenya Re has reinstated MD Hillary Wachinga after a two-month suspension that sparked a court battle and rattled the firm’s stock.


Alleged sacking of two staff sparked boardroom clash that ended up in court before being quietly withdrawn. ...


Kenya Re has extended MD Dr. Hillary Wachinga’s suspension by 21 working days from Oct 2, 2025, with Nicodemus Gekone continuing as Acting MD.

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