▁with ▁ 1 1 . 2 ▁percent ▁of ▁the ▁market ▁behind ▁J ub ile e ▁In sur ance ▁Company ▁of ▁Ken ya , ▁which ▁controlled ▁ 1 1 . 9 ▁percent . ▁ ▁History ▁▁ 1 9 6 5 - 1 9 9 9 ▁The ▁group ' s ▁operations ▁comm enced ▁in ▁Ken ya ▁in ▁ 1 9 6 5 ▁with ▁the ▁opening ▁of ▁the ▁first ▁office ▁in ▁N airo bi ▁as ▁a ▁foreign ▁branch ▁of ▁British - American ▁In sur ance ▁Company ▁Limited , ▁head qu arter ed ▁in ▁the ▁Bah am as . ▁A ▁local ▁company ▁was ▁incorpor ated ▁on ▁ 1 4 ▁November ▁ 1 9 7 9 ▁as ▁British - American ▁In sur ance ▁Company ▁( K en ya ) ▁Limited ▁under ▁the ▁Comp an ies ▁Act ▁as ▁a ▁private ▁limited ▁li ability ▁company ▁following ▁a ▁government ▁directive ▁that ▁all ▁branches ▁of ▁foreign ▁owned ▁ins urance ▁companies ▁must ▁be ▁incorpor ated ▁locally . ▁By ▁this ▁time , ▁the ▁Company ▁had ▁established ▁nine ▁branches ▁across ▁Ken ya . ▁This ▁local ▁incorpor ation ▁represented ▁the ▁first ▁step ▁in ▁the ▁local isation ▁of ▁the ▁Company . ▁In ▁ 1 9 8 4 , ▁local ▁Ken yan ▁invest ors ▁acquired ▁ 3 3 . 3 3 ▁percent ▁of ▁the ▁share hold ing ▁in ▁line ▁with ▁government ▁direct ives . ▁▁ 2 0 0 0 - 2 0 0 9 ▁In ▁ 2 0 0 4 , ▁the ▁group ▁incorpor ated ▁British - American ▁As set ▁Man agers ▁whose ▁core ▁business ▁was ▁the ▁provision