I know we don't look forward, but isn't the end of the ceding period in 2011 a concern?

This company needs to be fully privatized. The people running it are civil servants who don't care so much about the company and that's why they could casually oust the CEO without any care about the company performance. This is a classic case of company for management not shareholders.

@deal, doesn't this apply to all insurers who went into political insurance?

I do not agree that the reason Kenya Re is not doing well is because it is 60% owned by government. There is a lot of professionalism in many organisations where government has more control than Kenya Re; Look at KPLC, KenGen, KRA, CBK;

Kenya Re, to me has not yet got leadder to steer it to great heights. When they do so, the share will be over 20 bob

Fundamentally, this is a buy now stock,, buy now wait till they get some new managemnt or even better for some strategic private investor.

how long you wait? ...i dont know.

@2012, any sideline interests with kenya re? You have consistently supported it.

Jubilee is a great company but I don't see a lot of growth thee in years to come. I think a reinsurance has more potential and less risk. I also think they are starting to make the right decisions especially when they stop reinsuring Russian ships as they are cons.

currently the govt has sixty percent stake in kenya re. why wld it shoot itself by kickin out mandatory concessions. ama they have a plan

As far as I can remember the government doesn't care much about the firms it invests in. Here are examples of companies where the goverment has a stake yet some decisions taken by the goverment or its agencis are not in the best interest of the firms:

1) Safaricom - despite the government having a good chunck of shares, the CCK bring controversial anti-monopoly rules.
2) KQ - some ground in JKIA (old Embakasi if I recall clearly) give to a private investor yet KQ needed it for parking/servicing of its planes.
3)KCB - you already know of the Triton case.
4) KENGEN - finally tarrifs were adjusted but you already know how long it took.
5) KPLC - At the moment it is not a monopoly but better watch out if they become the controlling shareholders. Those mpigs in the spirit of helping the "mwananchi" may just curtail its profitability.

I can go on and on but the bottom line is when you invest with the goverment, just remember that the goverment's primary motive is not to profit - they will talk of levelling the praying field, helping "wanjiku" etc.

What sluggishness?