Kenyan reinsurance company plans Tanzania entry with $20 million investment

Kenya Re Managing Director, Dr Hillary Wachinga

Dar es Salaam. Kenya Reinsurance Corporation Ltd (Kenya Re) is set to enter Tanzania’s insurance market, with plans to invest more than $20 million and provide reinsurance services and technical expertise to local insurers.

The Kenyan reinsurer, which operates in 90 countries, expects to launch operations in Tanzania on September 1, 2026, subject to obtaining the necessary regulatory approval.