Home Business Kenya Re records 14% in Gross Premium at half year

Kenya Re records 14% in Gross Premium at half year

by Eric Vateta
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Kenya Reinsurance Corporation has today morning held an investor briefing to present the 2016 half year financial results at the Hilton Hotel in Nairobi.

The Corporation announced it’s financial results for the half year 2016 and attributed the outcomes to efforts made in expanding the reinsurer’s business reach which is both local and international. Kenya Re has strategically placed itself as one of the vehicles in the financial service sector that are important in the realization of Vision 2030.

Speaking during the briefing, Kenya Re Chairman, Mr. David K. Kemei said that the Corporation is committed to achieving sustainable growth in profitability and creation of value for its shareholders.

“We recognize and appreciate that this year’s half year financial results 2016 was driven by the implementation of our five year corporate strategy in a bid to achieve our goals and contribute to the economic development of the country, ” said Mr. Kemei.

The Chairman added that Kenya Re will incessantly endeavor to achieve better results in the coming years through leveraging on new opportunities from expanding regionally, opening new markets as well as building on Kenya Re’s products and services portfolio that contributes to Kenya Re’s competitive edge and financial growth.

The Managing Director, Kenya Reinsurance Corporation Ltd, Mr. Jadiah Mwarania extended his gratitude to the shareholders for continuously placing their trust in Kenya Re and its Board of Directors as well as Kenya Re‘s management team year after year.

“Every success and milestone achieved as a Corporation is the result of an effective and well executed strategic plan governed by five key strategic pillars which focus on Maintaining Financial Stability, Improving Business Processes, Enhancing Business Development, Managing Risks and Strengthening Institutional Capacity,” noted Mr. Jadiah Mwarania.

Mr. Mwarania said that Kenya Re has been and will continuously strive to surpass its operational efficiencies and achieve sustainable growth in profitability while continually creating value for its shareholders.

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