Britam General Insurance paid about Sh400 million to settle claims related to floods and protests that rocked the county last year, weighing down its net profit in the financial year ended December 31,2024.
The Sh400 million payout highlights the extent of disruption that the two events had on the underwriters last year. Britam’s rival, CIC General, had settled Sh700 million towards the same events by mid-December last year.
