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Kenya Re at a glance

Kenya Reinsurance Corporation Limited (Kenya Re) provides reinsurance services to insurance

companies in Kenya, Africa Middle East and Asia. Kenya Re offers stability, financial strength

and expertise to its clients.Kenya Re strives to be customer focused, committed to growth.

Corporate Vision

VISION

Global partner in securing risk.

MISSION

We provide risk management solutions that secure the future and create value for stakeholders.

News and Events

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A culture-change journey worth boarding!

As corporate culture change guru, Larry Senn once said “Culture is not an initiative, it is the enabler of all initiatives.” Culture is at the core of every organization. Corporate culture can drive positive organizational performance and vice-versa.  Organizations have different cultures which suit their day-to-day activities and which work best in their unique market and the environment. Company culture is what defines the organization’s philosophy and it is expressed in its interaction within the organization, with key stakeholders and in the image it portrays to the outer world. A company culture that facilitates employee happiness means lower turnover and better company performance; employees are loyal and companies perform better.


The Corporation embarked on a culture change journey in March 2018. The purpose of the culture change program was to move the Corporation towards a high- peak performance culture and to enhance employee’s productivity. Change champions across all the departments in the Corporation were trained to champion change initiatives in their departments. The culture-change implementation strategy initiative involving all staff took shape in April 2019. All staff were involved in culture-change team building activities. The team building activities, which were carried out in three groups each for a full-day from 16th to 19th April 2019, were a huge success.


The facilitators, Sigmond Peak International, prepared a comprehensive and engaging programme to ensure participants enjoyed every bit of the exercises. Which better venue for the activities than Kenya School of Monetary Studies (KSMS) which provided an ideal, spacious and well-lawned grass field for the many outdoor activities. All activities majorly targeted at embedding a positive attitude amongst staff, building trust, effective communication, coordination/ teamwork, breaking silos and knowing your colleague. Staff remarked that the exercise was a huge learning curve and great move not only towards entrenching the best corporate culture at the Corporation but also bolstering team-work and togetherness.


The activities culminated into a post-assessment of culture-change presentation to management on 24th April 2019 by the consultant, Sigmond Peak International; to inform further action on the part of management. Establishing, sustaining and improving good corporate culture is a continuous process that requires you and I to give total commitment. Culture change is thus you and me, we are all boarding!

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The day that was; KenyaRe’s 21st annual general meeting

After many months of planning, the big day was there with us. The Corporation’s 21st Annual General Meeting (AGM) and it goes without saying that it is the biggest event in the Corporation’s calendar given the attention it receives from planning, coordination and logistics; especially a month to the event when activities are in top gear. The 2019 AGM committee was confident that they had done their level best in planning and what remained was execution, which was undoubtedly done excellently. 


Friday, 14th June 2019 was the date. Bomas of Kenya played host to the Corporation’s biggest event. Walking into the premises, you would definitely tell, it was a Kenya Re event! The venue was pleasantly branded with an assortment of Kenya Re merchandise which displayed the significance attached to this special day by the Corporation. Shareholders began streaming in as early as 5.30am and were readily received and ushered into the event by neatly-uniformed Kenya Re staff acting as ushers for the day. After confirmation and verification of details by contracted registration firm, Image Registrars, the shareholders were then issued with a gym bag and a gift voucher which they warmly appreciated.


Some of the shareholders later made their way to the auditorium where the proceedings of the AGM would take place from 11.00 a.m. In the auditorium, shareholders were treated to an irresistible dose of traditional and classic zilizopendwa music by the Silver Springs entertainment band. Shareholders couldn’t help it but take it to the dance floor to enjoy a jig. Speaking to exclusively to Re News, shareholder Florence Wayua, who has been a shareholder since the Corporation’s listing at the NSE, expressed her happiness in the way the Corporation conducted the 21st Annual General Meeting. “Kenya Re does it so beautifully different every year,” she added.
The main meeting kicked off at exactly 11.00 a.m with the Corporation Secretary, Mr. Charles Kariuki, reading the AGM notice.  The Chairman, Mr. David Kemei thereafter invited Kenya Re’s Managing Director, Mr. Jadiah Mwarania to give his remarks. Mr. Mwarania expressed his gratitude to shareholders for making time to attend the AGM. He highlighted the 2018 financial results and the challenges the Corporation faced as well as the counter- strategy to these challenges.


“We will continue with the implementation of our five-year strategic plan with a view to achieving the set strategic objectives.  We will exercise agility in strategy implementation taking cognizance of the expected changes in the internal and external operating environments. The current strategic plan covers years 2017 to 2021. We believe that the set strategic objectives will steer us to our desired corporate destination,” added Mr. Mwarania.

Thereafter, Kenya Re Chairman, Mr. David Kemei introduced the board of directors to the shareholders and went through the meeting reviewing each and every agenda while seeking consensus from shareholders.


The AGM came to a close with a vote of thanks from General Manager, Reinsurance Operations, Mrs. Beth Nyaga and a closing prayer from Manager - Local Business Department, Mrs. Elizabeth Omondi. After the AGM, Kenya Re Directors, management and shareholders had an opportunity to interact and exchange insights on the holistic growth of the Corporation’s performance, financial position, and the business operations.


During the AGM, an election of directors was conducted of which the results are as follows:
New directors were elected to the board and they are:


1. Mrs. Thamuda Omar Hassan
2. Mr. Eric Onyango Gumbo
3. Mr. Jasper Gitonga Mugambi


Subsequently, the following directors retired from the board of directors:


1.  Mr. Everest Lenjo
2.  Mrs. Zipporah Mogaka
3.  Mrs. Felistas Ngatuny

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Copyright © 2019 Kenya Reinsurance Corporation. All Rights Reserved.Nairobi, Kenya, Tel. +254 703 083 000, +254 20 220 2000, Email: kenyare@kenyare.co.ke, (+254703083210 & +254703083212 Complaints Office), ( +254703083241/+254703083303 Corruption reporting lines).