Britam profit jumps 70 per cent on lower claims

Britam Group Managing Director Benson Wairegi. [Elvis Ogina, Standard]

Britam Holdings has recorded a 71 per cent jump in net profit to Sh1.7 billion for the first six months of this financial year.

The Nairobi Securities Exchange-listed insurer attributed the rise from Sh981 million a similar period last year to improved claims management method and a 19 per cent growth of its international insurance business.