British-American Investments Company (Kenya) Limited is a holding and investment company for insurance, investment management and property businesses in Kenya, Uganda, Rwanda, South Sudan, Tanzania, Malawi and Mozambique following the acquisition of Real Insurance in 2014. The Company’s business segments include long term insurance business, short term insurance business, asset management, property , banking and other services. Britam is the banking industry through a 10.64% stake in equity bank and 48.82% in Housing Finance. The long term insurance business segment includes protection of its customers against the risk of premature death, disability, critical illness and other accidents. The short term insurance business segment includes the protection of customers’ assets (both for personal and commercial business). The asset management segment products include discretionary/segregated portfolio management services and wealth management services. The property segment includes purchases and sales of property. The corporate and other segment includes corporate operations, after allocations to operating segments.
The Company strategy has a strong emphasis on risk managment based on three lines of defense which are: Ensuring sound corporate governance policies, indipendent risk monitoring at group level and indipendent assurance through external audit. The company has a diversified product offering with innovative products such as cash management solutions which are short term fixed deposits and active strategies which are high risk high return products based on frequency of trading. The company has also tapped the micro-insurance market through strategic partnerships with entities like Safaricom for ease of access.
About Britam Holdings Plc
Britam Holdings Plc, formerly Britam Holdings Limited, is a diversified financial services company. The Company offers a range of financial products and services in insurance, asset management, banking and property. The Company has interests across the Eastern and Southern Africa region. The Company has its operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The Company’s property portfolio includes shopping malls, hospitality, housing, student accommodation and offices. Its services include property development, property management and structured exits. The Company offers individual pension plan, pension annuity and umbrella retirement fund. The Company, through its subsidiary, also offers asset management and investment advisory services to individuals and institutional clients. The Company also offers insurance coverage, which includes Kinga ya Mkulima and AFYATELE.
Mohamed Said Karama
Acting Chairman of the Board
Tavaziva Chadamoyo Madzinga
Chief Executive Officer, Managing Director, Director
Fridaclare K. Katusya
Chief Finance Officer, Group Finance
Gladys Muthoni Karuri
Principal Executive Director – Finance, Strategy & Operations
Ambrose N. Dabani
CEO & Principal Officer – Britam Life Assurance Company (Kenya) Limited
Was this article helpful?