Britam Insurance Company (formerly Real Insurance Company)

Ticker code BRITAM Industry Insurance (Property & Casualty) Delamere House
Victoria Avenue
P.O. Box 442
Blantyre, Malawi
ISIN MW000A1C5MJ3 Sector Financial
Initial Listing 29 September 2008 Financial Year End 31 December
Website Results Released Half-yearly


REAL Insurance Company of Malawi Limited began operations in 1959 making it the oldest insurance company in Malawi. The company operated as a branch of Royal & SunAlliance Group Plc until December 1999 when the group reorganized its operations in East and Central Africa. The group decided to channel its interests in the region through Royal Insurance Company of East Africa Limited (Now REAL Insurance Company Limited). On 1 August 2014 British American Investments Company (Kenya) Limited, otherwise known as Britam Group, concluded the transaction to acquire the Real Insurance Group.


MASM House
Lower Scalter Road
P.O. Box 508
Blantyre, Malawi


Alfred Mumba
Delamere House
Victoria Avenue
P.O. Box 442
Blantyre, Malawi



Name Position
Mr T O B Kanyuka Chairman
Joe Muchekehu Director
Dr B I Wairegi EBS Director
S. Wandera Director
Mrs Chioko Director
Dr Rex Harawa Director
Mr Alfred Mumba Company Secretary
Mr Grant Mwenechanya Chief Executive Officer
Mr Ellection Mlaviwa Chief Financial Officer
Mr Wales Meja Operations Manager
Mr Hyston Mulungu Chief Accountant
Ms Immaculate Kayange Claims Manager
Ms Olive Gwelema Human Resources & Administration Manager
Mr Chancy Chaguluka Corporate Affairs & Marketing Manager
Ms Ulemu Mvula Direct & Agency Manager -Blantyre
Mr Collen Sibande Branch Manager – Lilongwe
Mr Mabvuto Nkangala IT Manager
Mr Albert Chirwa Branch Manager – Mzuzu
Mr Wedson Chipula Audit Risk and Compliance Manager
Mr Mphatso Kamzingeni-Zulu Branch Manager – Zomba
Mr Maclonex Mwase Unit Manager – Broking

Shareholding structure as at 31 December 2014
Name of shareholder % Shareholding
Real Insurance Company Limited (Kenya)* 65.00
Others 35.00
Total 100.00
* Real Insurance Company Limited (Kenya) is in turn 99% owned by British-American Investments Company (Kenya) Limited.