Reinsurance Brokers in Kenya: The reinsurance market in Kenya involves local and international brokers who facilitate the transfer of risk between primary insurance companies and reinsurers.

Based on available information, some of the accredited and prominent reinsurance brokers operating in or with a presence in the Kenyan market include:

1. Locally Registered Reinsurance Brokers

These firms are directly based and licensed in Kenya for reinsurance brokerage:

• First Reinsurance Brokers Ltd (FirstRE): A pioneer in the local market, incorporated in the early 1990s and licensed as the first reinsurance broking company in Kenya.

• Kenbright Reinsurance Brokers Limited

• Reinsurance Solutions International Limited

• Nairobi Reinsurance Brokers Limited

• Prestige Reinsurance Brokers Limited

2. Major International Brokers (with local presence or accredited to operate)

Several international reinsurance brokerage firms are also accredited to transact business in the market:

• AON UK Limited

• Willis Limited

• J.B Boda Insurance and Reinsurance Brokers Pvt. Ltd. (with a Liaison office in Nairobi)

• Marsh Africa (Pty) Limited (Accredited through their African operations)

• Price Forbes and Partners Limited

What a Reinsurance Broker Does

Reinsurance brokers act as intermediaries between ceding insurance companies (the client) and reinsurance companies (the market). Their key services include:

• Market Placement: Securing reinsurance coverage (both Treaty and Facultative) from suitable local and global reinsurers.

• Risk Assessment: Analyzing the insurer’s portfolio and designing tailored reinsurance programs.

• Negotiation: Obtaining the best terms, conditions, and pricing for the reinsurance coverage.

• Claims Management: Assisting the ceding company with the recovery of claims from the reinsurers.

• Consultancy: Providing advice on capacity, risk management, and regulatory compliance.

Important Note

Lists of licensed and accredited players are regularly updated by the Insurance Regulatory Authority (IRA) in Kenya. For the most current and comprehensive list, it is always best to refer to the latest publications from the IRA.

Licensed Reinsurance Brokers in Kenya {Current IRA List}