BRITAM FOUNDED
1965
Our first office is opened in Nairobi as a foreign branch of British-American Insurance Company Limited, headquartered in the Bahamas.
Our team of experienced executives and directors are committed to guiding our company towards long-term growth and success. Our governance practices ensure transparency, accountability, and ethical decision-making, allowing us to provide the highest level of value to our shareholders.
Meet the TeamOur success has been built on respect, integrity, innovation, and unwavering customer focus for over five decades. We are proud of our journey and are honoured to continue serving you with excellence. Discover more about our background here.
Our first office is opened in Nairobi as a foreign branch of British-American Insurance Company Limited, headquartered in the Bahamas.
A local company was incorporated as British-American Insurance Company (Kenya) Limited as a private limited liability company.
Local Kenyan investors acquired 33.33% shareholding in line with government directives.
The group incorporated British-American Asset Managers whose core business was the provision of Investment advisory and Fund management services. During the same year, the group restructured, creating a non-operating holding company.
Britam's regional expansion commenced with the group's expansion into Uganda with the incorporation of Britam Insurance Company (Uganda) Limited, which commenced business on 24 November 2010, following the issuance of an insurance license by the Uganda Insurance Commission.
The shares of British-American Investments Company were listed on the Nairobi Securities Exchange through an undersubscribed initial public offering.
Britam Insurance Company (South Sudan) Limited was incorporated in February 2012 and is licensed to underwrite all classes of life and non-life insurance.
Britam Insurance Company (Rwanda) Limited, was incorporated and licensed in 2013 by the National Bank of Rwanda.
On 9 December 2013, the British-American Investments Company entered into a definitive Share Purchase Agreement with Royal Ngao Holdings to acquire its 99 percent shareholding in Real Insurance Company Limited, a deal that was valued at KSh1.4 billion (approximately US$16 million then)
In June 2015, the shareholders adopted a resolution to change the company name from British-American Investments Company to Britam Holdings Limited.
The Britam Tower is a commercial building in Nairobi owned by British-American Investments Company (Britam). The skyscraper, rises 195 metres (640 ft) above ground, with 32 usable floors was completed in September 2017.
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.
