WAICA Reinsurance (Kenya) Ltd

Treaty and Facultative Reinsurance to the African Market & Beyond

WAICA Re has gradually evolved since 2011 to become one of the biggest regional reinsurance player.

WAICA Reinsurance (Kenya) Limited is a subsidiary of WAICA Reinsurance Corporation PLC (WAICA Re), a West African reinsurance company with headquarters in Sierra Leone but present in other African countries.

WAICA Re operates as a reinsurance company offering reinsurance services to insurance companies in Africa, Middle East and parts of the Asian continent. It was formed by West African insurance companies Association (WAICA) which had commenced as a pool in 2011. Subsequently, the Association registered WAICA Re in Sierra Leone in March 2011 with the aim of mitigating the effects of lack of reinsurance capacity within the West African insurance industry. The Company has since become one of the leading reinsurance underwriters in Africa and beyond. Read more

AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to WAICA Reinsurance Corporation PLC.

B+

AM Best Financial Strength Rating

Financial Position

With a gross premium revenue of USD 70.3 million in Financial Year 2019, WAICA Re has a financially sound footing to protect you.

A+

Credit Rating

AM Best has assigned a Financial Strength Rating of B+ (Good). The outlook assigned to these Credit Ratings (ratings) is stable.

Share capital

We strive to create enhanced value for our shareholders. Our authorised Share capital is USD 100 million and our paid-up Share capital is USD 64.9 million