Kenya Re-Insurance Corporation Ltd (KNRE) Realtime Stock Quote
Sector: Insurance
Main Investment Segment
KES 1.94 0.02 (1.04%)
End of day - Apr 26, 2024
Price Information
Previous:
1.92
Open:
1.93
Average:
1.94
Deals:
22
Volume:
54,200
Turnover:
104,995
RANGE
Day:
1.92 - 1.98
52-week:
1.63 - 2.31
Other Information
Average Volume:
209,875
BETA:
0.17
Shares Issued:
2.80B
Year End:
December 31
Par Value:
-
Profile
Kenya Reinsurance Corporation Limited provides reinsurance and risk management solutions services to insurance companies and most classes of business in Kenya, Africa, Middle East and Asia. They provide clients with risk transfers in all lines of business. In addition to offering traditional non-life products like fire, accident, liability, motor and life classes, Kenya Re has invested heavily in Research and Innovation. It also provides solutions to the emerging risks like cyber and terrorism covers. Kenya Re also does pricing and product development. Currently, Kenya Re is the regional managers for Organization of East and Southern Africa Insurers (OESAI), National Bureau of COMESA Yellow Card scheme and National Surety for Regional COMESA Transit Guarantee (RCTG).
Outside the core business of offering reinsurance services to the market, Kenya Re has significant property portfolio which constitutes about 35% of its total investments. Investment properties comprise office building and land acquired for development of office property and housing projects for rental and/or capital appreciation. The property includes Kenya Re Towers, Upper Hill Nairobi, Anniversary Towers Nairobi, Reinsurance Plaza Nairobi and Reinsurance Plaza Kisumu.
