BY KORIR JUMA,NAIROBI,16TH JUNE 2017-In the interest of building shareholder inclusivity and boosting shareholder value, Kenya Reinsurance Corporation on Friday 16th June announced the shareholder dividend for the year 2016 during the 19th annual general meeting held at the Bomas of Kenya in Nairobi.
Kenya Re recently announced results for the full year results for the period ended 31st December 2016 which was made possible by the Corporation’s progressive and consistent efforts.
The Corporation also highlighted their 2016 non-financial key achievements which included the expansion into the Southern Africa region, enhanced visibility of the Niko Fiti – Ability beyond Disability CSR campaign as well as the continuous improvement of enterprise risk management. The Corporation set up a quality management system; ISO 9001:2008 Certification that will ensure that the service delivery aspects are benchmarked against Global best practice.
Speaking during the shareholder briefing, Kenya Re’s Chairman, Mr. David Kemei said that Kenya Re’s corporate growth strategy was accredited to the positive financial results last year, however the firm’s resilience was delivered by the ability to evolve the corporation’s services to meet evolving reinsurance needs.
“The Corporation is committed to the advancement of the insurance industry through training programmes, making prudent investment decisions for the benefits of its shareholders. We have continued to build strong partnerships with insurance companies to design and develop products and services,” Kimei said.
The Managing Director, Mr. Jadiah Mwarania added that The Corporation’s 2017 Strategic focus is to achieve sustainable robust financial performance to grow shareholder value, enhance business process, penetrate new markets so as to increase market share, spread business risk and develop human resource capability and culture to match the Corporation’s performance requirements. .