Kenya Reinsurance Corporation (Kenya Re) has retained its international and national financial strength ratings after GCR Ratings, an affiliate of Moody’s Ratings, reaffirmed the reinsurer’s strong financial position, citing improved capital, stable earnings and healthy liquidity. According to the ratings agency, Kenya Re has continued to strengthen its capital position through retained earnings, with total capital increasing to US$460.3 million (Sh59.49 billion). GCR also noted that the reinsurer is expected to maintain strong liquidity levels, supported by consistent profitability and prudent financial management. Financial strength ratings are an important indicator of a reinsurer’s ability to meet policyholder obligations and settle claims. Kenya Re Managing Director and Chief Executive Officer Hillary Wachinga said the ratings demonstrate the corporation’s strong financial foundation and disciplined underwriting practices.