Waica Re Kenya

Waica Re Kenya
DATE OF CREATION: 9 october 2018
CLASS OF BUSINESS: Non life
MAIN UNDERWRITING ZONE: Kenya

Waica Re Kenya: contact

Adress: Real Towers Annex, 3rd Floor, Hospital Road, Upper Hill, P. O Box 20495-00100 Nairobi, Kenya
Tel: +254 20 3748974/ 20 2722000
Email: waicarekenya [at] waicare [dot] com
Website: www.kenya.waicare.com

Waica Re Kenya: main indicators

in thousands USD
 2019
Turnover4 514
Shareholder’s equity10 271
Net result-261

Read also | WAICA Re

Waica Re Kenya: turnover 2019 by class of business

in thousands USD
 Premiums 2019In %
Fire1 70737.81%
Engineering91820.34%
Marine and aviation46610.32%
Motor1282.83%
Accident *461.03%
Miscellaneous risks **1 24927.67%
Grand total4 514100%

* Including workmen's compensation and personal accident
** Including third party liability and theft

Waica Re Kenya: capital et shareholding

ShareholderIn %
Waica Re Corporation100%
Waica Re Kenya shareholding

Waica Re Kenya: ratios techniques

 2019
Loss ratio13.85%
Management expenses ratio74.40%
Combined ratio88.25%

Waica Re Kenya: management

Ezekiel Abiola EkundayoChairman of the board
Charles EtemesiChief executive officer
David KudoyiSenior manager, technical
Nana KissiChief financial officer

Waica Re Kenya is a subsidiary of Waica Reinsurance Corporation PLC

Exchange rate as at 31/12/2018: 1 KES = 0.00976 USD ; as at 31/12/2019: 1 KES = 0.00978 USD

Source: Insurance Regumatory Authority, Kenya (IRA) and Waica Re

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