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The risk partner of choice.
East-Africa-Reinsurance-Company-Profile

PROFILE

East Africa Reinsurance Company was incorporated in 1993 and commenced operations on 1st January of 1995. 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 Re was the first private reinsurance company

to be established in Kenya.

East-Africa-Reinsurance-Company-vision

To be the risk partner of choice in our markets.

About-East-Africa-Reinsurance-Company-mission

To provide quality risk solutions, excellent service and enhanced value to all the stakeholders.

East-Africa-Reinsurance-Company-Core-Values

Integrity, commitment, partnership, excellence professionalism, innovation.

East Africa Re Location

We are headquartered in an iconic building at 98 Riverside Drive in the tranquil neighborhood of Riverside, Nairobi.

We serve over 200 companies in over 35 countries across Africa, Asia and the Middle East

About-East-Africa-Reinsurance-Company

IT Systems

The technical and financial operations of East Africa are “on line “on acquired software systems, and the company is well organised to continue to render efficient services to all its business partners.

Staff Training

The company has is place a comprehensive training policy to ensure are well trained in all areas.

First rate client service

The company has an excellent record of prompt settlement of claims, provision of solutions tailored to the needs of individual and cedants and expertise in the training in reinsurance. The company offers training to cedants and clients on an annual basis.

Individual commitment to a group effort--that is what makes a team work, a company work, a society work, a civilization work

Vince Lombardi.

DIRECTORS
MANAGEMENT

Peter K. Maina is the Chief Executive Officer. He is a seasoned reinsurance professional having worked in the field since 1995. He started his reinsurance career at Munich Re as an Engineering Underwriter, later joined Swiss Re as the Regional Manager for East Africa and was subsequently transferred to work at Swiss Re offices in Johannesburg, South Africa and in Zurich, Switzerland.

Before joining East Africa Re, he was working with the International Finance Corporation (IFC) as a Senior Program Officer in Johannesburg, South Africa. He has an MBA in Finance and Strategy and a BSc in Civil Engineering. He undertook a Leadership Development Programme with Swiss Re,is a CPA(K) and is an Affiliate of the Association of Chartered Certified Accountants. He joined East Africa Re in August 2013 and become the CEO with effect from September 2013

Purity Mumbe Sammy is the Chief Finance Officer. She joined East Africa Re (EARe) in April 2020. She is an experienced finance, strategy, and risk management professional.

Prior to joining EARe, she was a Senior Manager in PricewaterhouseCoopers (PwC) Kenya. Purity had been with PwC for more than 9 years and worked in PwC offices in Kenya, South Africa, the United States of America (USA), and the United Kingdom (UK) gaining extensive experience and sound knowledge of the re(insurance) sector.

She holds a Bachelor of Commerce degree (Finance option) from the University of Nairobi, is a Certified Public Accountant and a member of the Institute of Certified Public Accountants of Kenya.

Mr. Calisto has over 20 years’ of progressive experience with repeated success in reinsurance management and underwriting (life and non-life), coupled with strengthen to serve clients, stream-line operations, grow and establish businesses and new subsidiaries respectively.

Calisto joined East Africa Re in October 2018. Before joining East Africa Re, he was working at UAP Rwanda where he was serving as the CEO. Prior to that, he worked at Continental Re Nairobi office from 2009 to 2013 where he served as the Managing Director.

He holds a Bachelor’s Degree in Education (Economics & Business Studies), he is an associate member of Chartered Insurance Institute (ACII) and also; an affiliate member of Insurance Institute of Kenya (IIK).

David Kirui is the Manager, Life Department. He has a Master of Science in Mathematics from Kenyatta University and a Postgraduate Diploma in Actuarial Science from the University of Nairobi. He also has a Diploma of the Chartered Insurance Institute of London. He had over fifteen years of experience in reinsurance before joining the Company in February 2009.

Valentine Maithya is the HR and Administration Manager. She has a Bachelor’s degree in Information Science from Moi University and she is a certified HR Consultant by the Institute of Human Resource Management and has over six years experience with over 3 years in Senior HR Management role. She joined the Company in January 2015.

Benard Kipkemoi is the IT Manager. He has a Master of Science in Information Technology Management from University of Nairobi. He is also a Certified Information Security Manager (CISM),Certified in Risk and  Information System Control (CRISC), Microsoft Certified Systems Administrator, Microsoft Certified Technology Specialist as well as a Oracle Certified Associate. He joined the Company in October 2004.

Richard Kogo is the Chief Accountant. He has a Bachelor of Commerce in Accounting from Kenyatta University and is a qualified Certified Public Accountant of Kenya. He worked in the commercial sector before joining the Company in February 2006.

1st row from Left: M. Kimondo, M. Wanjiru, A. Miyogo, N. Kabera, K. Karungari, N. Mjomba,D. Miano, M. Wairegi, B. Chirchir, L. Njunge, S. Shao, R. Gitonga
2nd row from Left: A. Moseti, R. Kogo, S. Lelei, Z. Jebet, B. Maina, J. Kimondo,V. Maithya, D. Kaniaru, E. Kigen, B. Cheruiyot, P. Maina, D. Kirui, C. Ogaye

East-Africa-Reinsurance-Top-Reinsurance-firm-in-kenya-awards
2014 Champions of Governance Award
East Africa Re CEO, Peter Maina (2nd right), receives the 2012 Insurance Sector Winner’s Award sponsored by ICPSK.

Champions of Governance (COG) Award

The Company was awarded the 1st position in the 2012, 2013,2014 and 2016 Champions of Governance (COG) Awards Insurance Category. The Award was sponsored by the Institute of Certified Public Secretaries of Kenya (ICPSK) jointly with other COG partners, including KASNEB and Insurance Regulatory Authority (IRA).

Financial Reporting Award

In 2012, East Africa Re was awarded the 1st runners-up position in the insurance industry category of the Financial Reporting (FiRe) Award for Excellence, jointly sponsored by the Institute of Certified Public Accountants of Kenya (ICPAK), the Capital Markets Authority (CMA) and the Nairobi Securities Exchange (NSE).

East-Africa-Reinsurance-Top-Reinsurance-firm-in-kenya-awards
2014 Champions of Governance Award
EARe staff members receiving the 2014 Champions of Governance Award.
Community Developement

East Africa Reinsurance Company limited recognises that social and environmental responsibilities are an integral part of its overall business practice and has in place a corporate social responsibility (CSR) charter which guides its CSR activities .The company is committed to ensuring implementation of the social and environmental responsibility aspects that are relevant to its business. In particular, emphasis is placed on involvement in community developmental activities, care for the environment which the company operates and employee welfare.

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Eare members of staff during IRA Cerebral Palsy Charity Walk.

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EARe making donation to House of Charity

Capacity Building

The company strive to build capacity for sustainable livelihoods and our efforts are about making a difference; providing our staff with the opportunity to make a contribution to the society. Staff are fully engaged in the Company’s projects and we ensure that the one-off projects are sustainable. During the year the company continued to dedicate its resources towards supporting several initiatives in key areas of focus, .i.e. quality education and health, food, shelter and environment.in line with its underlying commitment to creating and sustaining stakeholder value, the Board takes overall responsibility for continued development and implementation of appropriate social and environmental policies for the company.

Support to Society

EARE donating sanitary towels to Lavington Mixed Secondary School, Nairobi. The company continues to be committed corporate citizen. In this regard the company though its staff, continues to support worthwhile community programmes and initiatives, particularly those undertaken by deserving charities in health, social and child welfare sectors. The company also extends assistance towards expansions of facilities in the provision of quality education.

EARe Staff at Wamo

EARE offering support to WAMO Children’s home, Kawangware

The company has contributed towards:
General CSR Initiatives

  • Sponsorship of education of rehabilitated street and other needy children.
  • Provision of education for the girl child.
  • Provision of sanitary towels to secondary school girls.
  • Sponsorship of need top candidates to join national/county schools in Kenya.
  • Activities of secondary and primary schools serving needy.
  • Donation of computers to schools aimed at promoting IT skills in secondary schools in Kenya.
  • Graduate and undergraduate internship programs within the company.
  • Activities organised by professional institutes aimed at promoting professionalism in Kenya.
  • Activities organised by associations and organisations in the insurance industry aimed at developing the industry.
  • Cancer awareness.
  • Polio eradication initiatives.

EARe Presenting Cheque to SCANN

Eare Staff members presenting a cheque to SCANN Nakuru

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Members of EARE plant trees at eare grounds

Protection of Environment

The company is conscious of the need to protect the environment and in this regard, supports efforts to promote its conservation. The Company’s premises are environmental friendly exhibiting nature and the company has continued to preserve trees and other natural vegetation.

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EARe at SCANN in Nakuru

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EARe mentorship workshop for teenagers

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The Company presents donations to Don Bosco

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