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Originally published by The Standard Business
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July 29, 2026
6h ago

Moody's gives Kenya Re stable outlook

Moody's gives Kenya Re stable outlook

Moody’s has affirmed Kenya Re international and national scale financial strength ratings at B and AA+(KE) respectively, which carry a stable outlook for the business...

✨ Key Highlights

Kenya Reinsurance Corporation Limited (Kenya Re) has received a stable outlook on its international and national scale financial strength ratings from Moody's affiliate, GCR Ratings.

  • Kenya Re's capital position stands at Sh59.49 billion ($460.3 million), supported by strong earnings retention.
  • The rating affirmation is a significant signal of counterparty security for Kenya Re, reinforcing its position as a leading regional reinsurer.
  • Managing Director and Chief Executive Officer Dr. Hillary M. Wachinga stated the affirmation independently validates the organization's strong capital base, disciplined underwriting, and consistent earnings.

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