KENYA Reinsurance is looking for an international insurer to back up its business in the gas and oil drilling sector which it hopes to venture into within a year's time. Kenya Re boss Jadiah Mwaraniah said the firm is gearing up to offer covers in the oil exploration business and is currently undergoing training. Mwarania said it will look to firms such as Lloyds of London, Munich Re and Swiss Re for insurance against the oil and gas risk covers. “No African firm is offering this cover and business is being exported quietly,” said Mwarania...
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