Kenya Re enters African Trade Insurance Agency's capital

Kenya Re has announced, via its managing director, Jodiah Mwarania, the acquisition of African Trade Insurance Agency (ATI)'s shares, for 87.5 million KES (971 000 USD).

The kenyan reinsurer hopes, by this purchase, make its entry on the niche of trade credit insurance, despite the huge challenge it represents in the emerging markets.

Accoring to J. Mwarania, Kenya Re should cover its lack of experience in this sector by using credit bureaus to supply him with necessary informations for strategic decision making.