THE OFFICIAL MAGAZINE OF KENYA REINSURANCE CORPORATION LTD. ISSUE 2 2016 Always Understand your Pension Scheme PAGE 4 INSIDE Demystifying The Tax Haven Concept Increase of shareholders dividends PAGE 22 2016 Niko Fiti Campaign Plans PAGE 12 Time for Growth 1
FROM THE MANAGING DIRECTOR We are still on target with our objectives for year 2016 to 2020 that charts the Mr. Jadiah Mwarania, OGW Managing Director 2
FROM THE EDITOR S DESK The Niko Fiti Ability beyond disability Gladys Some-Mwangi Manager Corporate Affairs CONTRIBUTORS EDITOR IN CHIEF EDITORIAL TEAM CONTRIBUTING WRITERS 3
PART 1 Demystifying the Tax Haven By Peter Angwenyi Manager Life Business Concept 4
History Attributes of a tax haven 12,000 US Examples of Tax havens Atla nt ic o cean pacific o cean pacific o cean indi an o cean The Bahamas Use WATCH OUT FOR PART 2 OF THE ARTICLE
Always Understand your Pension Scheme By Jackson Nganda Assistant Manager, Learning & Development, HR 6
Asset Class Total RBA Max Limits is appropriate..
COMPLAINTS HANDLING PROCEDURE What is a complaint? How will we handle your complaint? What should you tell us: You need to know that: You can make a complaint to Kenya Reinsurance Corporation by contacting: 8
A Tree Planting Exercise Like No Other by Gladys Some and Andrew Ongicha th
2016 NIKO FITI CAMPAIGN PLANS by Andrew Ongicha Kenya Re Chairman Mr. David Kemei (l) and MD Jadiah Mwarania (c) Kamukunji DCs ground on 2nd November 2015 10
(APDK) th th (APDK) Members join the Corporation MRS. ZIPPORAH KINANGA MOGAKA MR. ANTHONY MUTHAMA MUNYAO 11
MD Jadiah Mwarania (4th right) hands a gift hamper to Kibiko Secondary Principal Mr. G. G Mwaura after the completion of the tree planting excercise on 20th May 2016 Former Kenya Re Chairman Mrs. Nelius Kariku (l) and Director Mrs. Jenifer Karina (c) are joined by another golfer before their tee off during the Corporation s sponsored Golf Day at the Karen Golf Club on 29th April 2016. Students of Kibiko Secondary School together with Staff of Kenya Re pose while holding tree seedlings before the start of the planting excercise at their school. Kenya Re peer group team hand over donations from the Corporation to Paradise Childrens Home Director Ms. Pamela Owino (2nd l) on 22nd April 2016. 12 Kenya Re male ushers pose after the AGM e at KICC.
event PICTORIAL Kenya Re ushers pose for a photo during the Corporation s sponsored Corporate Golf day on 29th April 2016 at the Karen Golf Club Golfers pose before their tee off at the Karen Golf Club Ushers of the Kenya Re AGM pose after the completion of the event held at KICC on 17th June 2016 A section of shareholders registering for the attendance of the 18th AGM at KICC. Shareholders follow the proceedings of the 18th AGM at KICC. 13
KENYA RE S OTHER CSR ACTIVITIES By Monica Oyaro DONATION TO PARADISE COMMUNITY CENTRE April DONATION OF COW th the family. 14
Golf Day By Andrew Ongicha th April 2016, of dollars. Golfers enjoying the greens at the Karen Golf Club
PARENTING TIPS- SELF ESTEEM by Monica Oyaro 1. Comparing children 16
2. Ignoring children 3. Child humiliation at all times. 4. Unrealistic standards 5. Child abuse Manifestations of low self-esteem in children 1. Excessive aggressiveness 2. Extreme shyness 3. Rebellious behavior self-esteem. 2. Positive Activities 3. Compliments 4. Coping with failure 5. Role modeling Solutions to low self-esteem 1. Unconditional acceptance
ISO 9001:2008 By Charles Abebe - QMR for the 3 rd the 3 rd 18
are Sammy Kaaria, Joseph Abebe. Poems IN THE PUB A tip for the barmaid, Copyright Hillary Wachinga, 2016 IF YOU COULD, I WOULD Copyright Hillary Wachinga, 2016
Understanding Internal Audit by Peter Rop Who are internal auditors? Why does Kenya Reinsurance Corporation have an internal audit function? What s the difference between external and internal auditors? What if something isn t handled correctly? Internal Audit function mission and vision Our Divisional Vision-IsPromote good stewardship of Corporation assets and resources to uphold the highest level of integrity Our Divisional mission-isto be an independent and objective assurance and consulting function designed to add value and to improve operations. 20
WHAT CAN WE LEARN FROM Leicester City FC winning the Premier League? By Davis M Onsakia believe that for those 4. Do the maths: 1. You don t need to throw money at the problem: 2. Get the right people right behind you: 3. Create the right culture: 5. Create the right incentives: 6. Old is not necessarily bad: 7. Don t forget your family: 8. Communicate in the team: 21
Kenya Re Board of Directors Propose Increase of Shareholders Dividends to Ksh. 0.75Cents Per Share By Agnes Musyoka for shareholders s A shareholder gestures before the start of the AGM event at KICC Kemei. 22
I Am No Longer A Baby Says Kenya Re West Africa Branch By Lucy Kagwiria Directrice Adjointe Kenya Re West Africa Progressive growth 23
QUOTES ON PERSISTENCE Compiled by Peter Angwenyi You become a champion by fighting one more round. When things are tough, you fight one more round. JAMES J. CORBETT It is not whether you get knocked down. It s whether you get up again. VINCE LOMBARDI Our greatest glory is not in never falling, but in rising every time we fall. CONFUCIUS It ain t over til it s over. YOGI BERRA Few things are impossible to diligence and skill; great works are performed not by strength but by perseverance. SAMUEL JOHNSON Courage is resistance to fear, mastery of fear-not absence of fear. MARK TWAIN There is no failure except in no longer trying. There is no defeat except from within, no really insurmountable barrier save our own inherent weakness of purpose. ELBERT HUBBARD The only thing we have to fear is fear itself. FRANKLIN D. ROOSEVELT 24
BASIC MANDAZI RECIPE 1KG by Dorry Gangla Introduction METHOD INGREDIENTS VARIATIONS
NEW EMPLOYEES Join the corporation Mr. Francis Katumo Mr. Jackson Nganda Mr. Phillip Sanda Ms. Lilian Martha Kiluku 26
www.kenyare.co.ke African Wisdom... None is richer than the one who has peace of mind Global Strength Kenyan Proverb For more than forty years, Kenya Re has relied on the wisdom of its African roots to provide the strength that reinsures insurance companies across the globe. Today, our new future begins with a pledge of our promise to continue growing our knowledge and our expertise so that we can get even better at making the world a more secure place. By reinsuring insurance companies across the globe.