Magazine date:
Jun 2012 Kenya re is targeting a 15 to 20% growth of its turnover and profit in 2012. The increase of premium inflow depends upon an aggressive underwriting on Africa’s traditional markets. The reinsurer is proceeding to a diversification of its portfolio towards new risks, especially in energy and microinsurance. Kenya Re reported a 23% increase of its pre-tax profits in 2011, while written premiums amounted to 79.4 million USD during the same year.