Nairobi, March 2 -- Reinsurance firm WAICA Re Kenya says it has signed up 18 primary underwriters with whom it shares risks since it opened shop in October 2018.

The company is a subsidiary of the WAICA Reinsurance Corporation, a West African firm with headquarters in Sierra Leone but present in other African countries including Ghana, Tanzania, Uganda, Ethiopia, South Africa, Burundi and Zambia.

WAICA Re Kenya is the fourth largest of five reinsurance players in the local market with a share of 9.7 per cent.

"Out of a total of 37 general Insurance companies in Kenya, we are currently on 18 companies' treaty retrocession programs while in the region we are doing business with 45 companies," said Charles Etemesi, chief executive of WAIC...