Britam Holdings

Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange.

The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.

[3] According to the Insurance Regulatory Authority report released in 2019, Britam Life Assurance was ranked first in market share with 24.7 percent.

The group's operations commenced in Kenya in 1965 with the opening of the first office in Nairobi as a foreign branch of British-American Insurance Company Limited, headquartered in the Bahamas.

The company offers investment funds, structured as Unit trusts and discretionary Portfolio management, to both institutions and private clients.

[5] In 2011, the shares of British-American Investments Company were listed on the Nairobi Securities Exchange through an undersubscribed initial public offering.

This was largely the result of risk-averse foreign investors shunning the IPO because of the Eurozone crisis and a sluggish U.S economy.

[16] The companies that compose the Britam Holdings Limited are organised into four divisions and include, but are not limited, to the following:[17] In September 2017, the International Finance Corporation (IFC), an arm of the World Bank Group, concluded the acquisition of a 10.37 percent stake in Britam, thereby gaining a seat on the company's board of directors.

[1] Britam Tower is a 31-storey building located along Hospital Road in Upper Hill, Nairobi which serves as the headquarters for the company.

[25] In April 2015, a US$693 million Ponzi scheme in Bramer Banking Corporation hit Britam's largest shareholder British American Investment Company Mauritius Limited (BAIC).

[29] The Mauritian government appointed receiver managers at BAI Co. later announced their intention to dispose of the group's entire shareholding in Britam.