Established in 1995, the East Africa Reinsurance Company Ltd provides reinsurance services to other insurance companies in the insurance industry. The company was founded as a privately owned institution when it commenced operations. The company is based in Kenya and has interests throughout the East African region. It currently serves clients in the COMESA region and underwrites risks throughout the horn of Africa. The company prides itself in its wide regional reach and continues to position itself as the re-insurer of choice for insurance companies in the region, and is currently diversifying its portfolio and deepening its engagement with the insurance sector to achieve these aims. The company was formed through a joint initiative of local insurance companies in Kenya and the International Finance Corporation (IFC), the private sector arm of the World Bank. The main objective for establishing the company was to serve the reinsurance needs of the local insurance market; and with time grow to other regional and international markets. At the time, the local reinsurance market was dominated by the major international reinsurers, with a few national and inter-governmental reinsurers playing a peripheral role. There was also a need to develop local reinsurance capacity to reduce over-dependence on international markets and preserve foreign currency reserves.
East Africa Reinsurance Company Limited Products
Life insurers work in a dynamic environment: medical progress, demographic trends, and changing lifestyles constantly give rise to new risk landscapes. This demanding situation is made even more challenging by stricter laws and regulations and ever tougher competition.
Our reinsurance services are geared towards the individual needs of our clients through creative thinking and smart innovation. We transact all classes of Life Reassurance business and offer both Treaty and Facultative capacity across all range of insurance lines. With specialist knowledge of Life products, we offer tailored and sustainable reinsurance solutions to cedants, more so with respect to Services and Technical support, Underwriting/Risk assessment, Claims Administration, Pricing, Development of New Products and Capacity Building Support, among others.
East Africa Re has been in the market for over two decades and underwrites non-life business across a wide range of geographies comprising of over 160 companies from 35 countries. We offer tailor-made reinsurance solutions, first class customer service and training for our clients. We have an experienced and dynamic team that upholds the highest professionalism standards and technical skills to cater to our customers’ needs.
Our retrocession programme is well designed and placed with reputable international securities to ensure that our clients are well secured. East Africa Re’s operations are well structured to meet the needs of our clients.
East Africa Reinsurance Company Ltd EARe House,98 Riverside Drive P.O. Box 20196, 00200 City Square Nairobi, Kenya Telephone: (254 20) 4443588, 4455385/6/7/8 (254 20) 2592857, 2693943