Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Kenya: Reinsurers increase rates for terrorism cover

February 25, 2014 Reprints

Reinsurers have increased their rates for terrorism cover by 10% to 40%, The Standard Digital News reported.

Joseph Kyungu, executive director of Heritage Insurance Co. Ltd., said the frequent terror attacks in Kenya, and in particular the attack on the Westgate mall in Nairobi prompted the rise in the rates.

Mr. Kyungu said that last year the premium levels written were more than 120 billion Kenyan shillings ($1.38 billion).

1. Chinese cargo owners face losses after bridge collapse
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. GIC buys stake in reinsurance broker Miller Insurance
6. Taiwan quake likely to tighten supply of tech components

Help

Kenya: Reinsurers increase rates for terrorism cover

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources