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Westgate mall terror attack claims cost ATI Sh128.5m

African Trade Insurance Agency CEO George Otieno. Photo/FILE

Insurance claims from victims of the Westgate shopping mall terror attack cost African Trade Insurance (ATI) Sh128.5 million ($1.5 million), but the insurer still more than doubled its net profit for last year.

The pan-African reinsurer announced an after tax profit of $1.5 (Sh128.5 million) in the year ended December 2013 compared to $0.6 million (Sh51.3 million) a year earlier.

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Note: The results are not exact but very close to the actual.

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