Kenya
Pheonic of East Africa Assurance Company
Service category:
Insurance
Payment:
Service types:
Description
MUA Insurance (Kenya) Limited has inherited its rich history from one of the oldest insurance companies in East Africa - Phoenix Assurance Company Ltd. The company’s roots can be traced back to 1781, with the name “Phoenix” being adopted in 1813.
Mr. R.W. Grater from Phoenix Assurance Company UK was appointed to run the company’s agency in Nairobi Mombasa. Phoenix became one of the first foreign insurance companies to be represented in East Africa. A full branch of the company was eventually established in Nairobi in 1954. The company grew rapidly and Phoenix ranked high among the leading companies in the region.
The various divisions of the Mauritius Union Group, including Phoenix of East Africa Assurance Company Limited, came together under a single regional and dynamic insurance brand – MUA.
Following regulatory changes which came into effect in 2012, the Alibhai family sold 66% of their shares to The Mauritius Union Assurance Cy. Ltd (MUA) and kept a minority shareholding of 15%. MUA is the second largest insurance company in Mauritius, and is listed on the Stock Exchange of Mauritius since 1993. The Company was established in 1948. The Group now employs over 650 people, with agencies and branches in Mauritius, the Seychelles, Rwanda, Tanzania, Uganda and Kenya.
Mr. R.W. Grater from Phoenix Assurance Company UK was appointed to run the company’s agency in Nairobi Mombasa. Phoenix became one of the first foreign insurance companies to be represented in East Africa. A full branch of the company was eventually established in Nairobi in 1954. The company grew rapidly and Phoenix ranked high among the leading companies in the region.
The various divisions of the Mauritius Union Group, including Phoenix of East Africa Assurance Company Limited, came together under a single regional and dynamic insurance brand – MUA.
Following regulatory changes which came into effect in 2012, the Alibhai family sold 66% of their shares to The Mauritius Union Assurance Cy. Ltd (MUA) and kept a minority shareholding of 15%. MUA is the second largest insurance company in Mauritius, and is listed on the Stock Exchange of Mauritius since 1993. The Company was established in 1948. The Group now employs over 650 people, with agencies and branches in Mauritius, the Seychelles, Rwanda, Tanzania, Uganda and Kenya.
User's comments