British American Insurance Company Limited (BRITAM) is an investment company laying much of its focus on insurance, property management and business investments. The company is headquartered in Nairobi in Britam Centre Upper Hill Nairobi Kenya. having being listed in the Nairobi Securities Exchange, Britam Kenya offers a range of financial products and services such as property and assets management, banking and insurance both in the region and across East Africa.
Britam began its operations in the Kenyan market in 1965. In 1979, the company changed its name to British American Insurance Company (Kenya) Limited following a government directive that all foreign owned insurance companies be incorporated locally. Due to this directive, the company was forced to release 33.33% of the shares to local investors.
Britam has a wide product range in East African markets which includes; general insurance, life and health insurance, wealth management, property development and private equity among others. The company has further managed to open other subsidiaries in Uganda, South Sudan, Tanzania, Malawi, Rwanda and Mozambique.
According to a report released by Insurance Regulatory Authority, Britam was ranked fourth in the General Insurance business market share with 5.75% as December 2016.
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