BIHL weathers global storm

However, compared to last year, the company's overall results were less impressive, as a result of a knock in the global equity markets. But still, BIHL managed to register a double-digit growth despite the turbulence. BIHL is the holding firm company for Botswana Insurance Fund Management (Bifm) and Botswana Life insurance firm. The company chairman, Maclean Letshwiti said at the launch of group results at Gaborone Sun yesterday that BIHL is in an enviable position at a time when financial companies globally are seeking help from governments.

The group's net premium income increased by 24 percent to P472.9 million for the six months ended June 30, 2008.  This was largely due to the value of new life business, which went up by 30 percent to stand at P44.0 million for the period under review.