wazua Wed, Mar 18, 2026
Welcome Guest Search | Active Topics | Log In

40 Pages«<1415161718>»
Kenya Re - what gives?
Options
Previous Topic · Next Topic
Ericsson
#226 Posted : Tuesday, April 15, 2014 6:42:56 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Kenya Re is bigger than Continental Re PLC in terms of assets and profits and underwritten business.
Bigger even than Continental Re Nigeria
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#227 Posted : Tuesday, April 15, 2014 6:49:12 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Seems penetrating the kenyan market for continental re has become a hard nut to crack.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
dunkang
#228 Posted : Tuesday, April 15, 2014 7:28:24 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
BRITAM has acquired 30% of Continental RE at KES 300M.
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
  |
Ericsson
#229 Posted : Tuesday, April 15, 2014 8:10:35 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@dunkang
This is posted in another post of britam so that this post remains only for Kenya Re
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
mkeiy
#230 Posted : Tuesday, April 15, 2014 8:14:33 AM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
dunkang wrote:
BRITAM has acquired 30% of Continental RE at KES 300M.



30% @ 300mn? Does that mean it's 1 bn company?
Back to top
WWW
  |
guru267
#231 Posted : Tuesday, April 15, 2014 9:24:46 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Everyday I wake up dreading to see a profit warning here! Pray
Mark 12:29
Deuteronomy 4:16
Back to top
  |
Cde Monomotapa
#232 Posted : Tuesday, April 15, 2014 9:29:10 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
murchr wrote:
@mweke you keep waiting for that dent...haitakuwa. @CDE hii continental Re...ina wenyewe, i guess no listing will be coming soon.


smile Seems the "randomness" was actually smack on the money. Continental Re for Britam.

FYI Continental Re PLC has been a top 10 shareholder in Kenya Re as per the FY2012 annual report. 3.2M* shares = 0.462%
Back to top
  | | Edit by user: Tuesday, April 15, 2014 10:18 AM | Reason: Not specified
Cde Monomotapa
#233 Posted : Tuesday, April 15, 2014 9:35:18 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
And it gets better Comrades smile

Germany’s DEG buys into pan-African reinsurer Zep Re

German public investor, DEG, has bought into pan-African reinsurer, Zep Re, underlining the growing interest in Kenya’s insurance industry.

DEG bought an 11 per cent stake at an estimated Sh1.3 billion. Zep Re is majority owned by Kenya Re-insurance Company and is based in Nairobi

“New shares were created to bring them on board so there was dilution of existing shareholders,” said a source within the company who is however not authorised to speak to the media.

The company’s managing director is currently out of the country. Kenya Re’s stake in Zep Re is expected to drop from 21 per cent to 16 per cent following the entry of DEG and African Development Bank which took a 14.5 per cent stake in 2012.

http://www.businessdaily...04/-/fhe9nl/-/index.html
Back to top
  |
mwekez@ji
#234 Posted : Tuesday, April 15, 2014 9:44:25 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
Everyday I wake up dreading to see a profit warning here! Pray


profit warning is highly unlikely since these claims are likely to dent H/FY 2014 ... and i've read #Kenindia is involved in #Westgate implying so is #KenyaRe. ... insurance is indeed a risk business and kenya risk profile is up!
Back to top
  |
mwekez@ji
#235 Posted : Tuesday, April 15, 2014 10:08:32 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
FY 2013 results coming up on Tuesday, 29th April #Diarize
Back to top
  |
Ericsson
#236 Posted : Tuesday, April 15, 2014 10:14:54 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@mwekez@ji
kenindia will be compensating the small business and shop owners who had their stock and businesses destroyed.
As for the building insurance was by Lloyds of UK who said the owners of westgate building will be compensated at ksh.6.6 billion to rebuild the building
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
mwekez@ji
#237 Posted : Tuesday, April 15, 2014 10:20:08 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Ericsson wrote:
@mwekez@ji
kenindia will be compensating the small business and shop owners who had their stock and businesses destroyed.
As for the building insurance was by Lloyds of UK who said the owners of westgate building will be compensated at ksh.6.6 billion to rebuild the building


Would such claims amount to significantly large sum claims coz the quote below seem to say so

Quote:
JKIA Fire Inquiry Cost APA Sh130 Million in Consultancy Fees http://allafrica.com/stories/201404141405.html

....................................................................................................

The insurer said close to 40 experts were involved hence the high cost of adjusting the claim. The highly skilled individuals involved in investigations gobbled up Sh130 million. "It is a huge claim, and yes, it's expensive but we cannot say for sure that it is the largest since we do not know how much Kenindia has paid for the Westgate claim," said Mark Obuya, Association of Kenya Insurers chairman.
Back to top
  |
Goldilocks Reloaded
#238 Posted : Tuesday, April 15, 2014 10:21:41 AM
Rank: Member

Joined: 1/14/2014
Posts: 178
KES 20 already traded
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
Back to top
  |
Cde Monomotapa
#239 Posted : Tuesday, April 15, 2014 10:30:27 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
29th it could be. Alright.

As we debate here, we should also remember that we're in 2014. All hands are on deck i.e National, County governments & Private sector in the market spending & investing. #Tafakari
Back to top
  |
Cde Monomotapa
#240 Posted : Wednesday, April 16, 2014 7:10:44 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Back to top
  |
40 Pages«<1415161718>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.