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| Filename | MUA-Insurance-Uganda-Limited.pdf |
| Filesize | 491.40 KB |
| Version | paid report |
| Date added | August 25, 2022 |
| Category | Credit Rating Reports, Insurance |
| Tags | Uganda |
MUA Uganda was established in 2003 as Phoenix of Uganda Company Limited, with the insurer’s portfolio comprising of short-term insurance offerings. Initially part of the group Phoenix of East Africa Assurance Company Limited, MUA Uganda became ultimately owned by listed Mauritius Union Assurance (“MUA Mauritius”), through the acquisition of Phoenix Trans Africa Holdings Limited (“PTHL”), later rebranded to MUA Trans Africa Holdings Limited. This wholly owned subsidiary of MUA Mauritius retains 66.0% of MUA Insurance (Kenya) Limited (“MUA Kenya”), the largest shareholder of MUA Uganda, with a 62.0% interest. Phoenix of Tanzania Assurance Company Limited, a related party, holds a further 13.6%, with the balance held by local individual investors.