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Originally published by Capital Business
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business
July 28, 2026
1mo ago

Kenya Re Retains Moody’s Affiliate Ratings on Strong Capital, Earnings

Kenya Re Retains Moody’s Affiliate Ratings on Strong Capital, Earnings

GCR affirmed Kenya Re's international financial strength rating at B and its national scale financial strength rating at AA+(KE), maintaining a Stable Outlook, indicating expectations that the company's financial position will remain resilient over the medium term...

✨ Key Highlights

Kenya Reinsurance Corporation (Kenya Re) has successfully retained its international and national financial strength ratings from GCR Ratings, an affiliate of Moody’s Ratings. The reaffirmation highlights the company's robust financial standing, characterized by a strong capital base and stable earnings.

  • Kenya Re's total capital has strengthened to US$460.3 million (KSh59.49 billion).
  • The reinsurer, led by Managing Director and CEO Hillary Wachinga, is expanding its regional presence into Tanzania and Rwanda.
  • GCR affirmed Kenya Re's international rating at B and its national scale rating at AA+(KE), with a Stable Outlook.

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Part of the Day's Coverage

CAK Launches Cartel Investigations Across Bread, Sugar, Mattress Markets - July 2026

The Competition Authority of Kenya (CAK) has launched investigations into suspected cartel activities within the bread, sugar, and mattress manufacturing industries as part of efforts to combat anti-competitive practices affecting household spending. Meanwhile, Kenya's sugar production has surged by nearly 22% in the first five months of 2026, driven by increased cane deliveries and sector reforms, boosting the government's goal of transforming Kenya into a net sugar exporter. Separately, Kenya Reinsurance Corporation (Kenya Re) has successfully retained its international and national financial strength ratings from GCR Ratings, an affiliate of Moody's Ratings, with the reaffirmation highlighting the company's robust financial standing characterized by a strong capital base and stable earnings.

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