MUA
IN AFRICA
OVERVIEW OF MUA

MUA Kenya 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 1812. Following the acquisition of Saham Kenya in July 2020, the two entities completed a comprehensive integration process in July 2021.

OUR
STRENGTHS
MARKET RELEVANT EXPERIENCE
FINANCIAL STRENGTH
DIGITAL INNOVATION
OUR
SERVICES
INSURANCE SOLUTIONS
MOTOR
Domestic Package
HEALTH
TRAVEL
MUA
AT A GLANCE
150
EMPLOYEES
7
BRANCHES
1937
SHAREHOLDERS
> 72
YEARS OF EXPERIENCE IN MAURITIUS
> 100
YEARS OF EXPERIENCE IN EAST AFRICA
OUR
HISTORY
1912
1912

Mr. R.W. Grater from Phoenix Assurance Company UK appointed to run the company’s agency in Nairobi, becoming one of the first foreign insurance companies to be represented in East Africa.

1954
1954

A full branch established in Nairobi. The company grows rapidly and Phoenix ranked high among the leading companies in the region.

1969
1969

Phoenix of East Africa Assurance Company Ltd. was formed in partnership with the local agent A. J. Miller & Sons Ltd. Initially, Kenyans only held 11% of the shares. By 1980 the Kenyan participation had grown to one-third to the shareholding.

1990
1990

Phoenix of East Africa Assurance and the Sun Alliance Group U.K. merged in the United Kingdom and the Kenyan operation was renamed Sun Alliance Insurance Company Limited.

1992
1992

The local shareholders took control of the company, reconstituted the company board and the name was reverted back to the original Phoenix of East Africa Assurance Company Limited (PEAL). The company had a majority of local shareholders, with the Alibhai family holding 81% of the shares.

2014
2014

Following local regulatory changes, the Alibhai family sold 66% of their shares to MUA, a leading insurance company in Mauritius, which was established in 1948. The group now employs over 825 people, with agencies and branches in Mauritius, the Seychelles, Rwanda, Tanzania, Uganda and Kenya.

2018
2018

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.

2020
2020

MUA completes the acquisition of Saham Kenya.

2021
2021

Consolidation of the General Insurance business of Saham Kenya and MUA Kenya Under the section "Internation Partnerships", please amend the final paragraph as follows: MUA is member of Globus in Mauritius, Seychelles, Kenya, Uganda, and Tanzania. Globus is a Pan-African network of over 50 leading insurance companies.

INTERNATIONAL
PARTNERSHIPS
  • Dedicated team focused on providing cross-border insurance solutions;

  • Our value proposition includes centrally managed global policies with local policies arranged in foreign jurisdictions for subsidiaries or portfolio companies;

  • Working arrangements with over insurance companies and insurance networks across Africa;

  • MUA is the exclusive member of Globus in Mauritius and Seychelles. Globus is a Pan-African network of over 50 leading insurance companies.
     

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VALUES & PURPOSE

Our vision, our purpose and our values in summary

OUR TEAM

Get to know MUA's key leaders

INVESTORS RELATIONS

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