Pacific Corp is one of the dynamic financial power house operating short term insurance companies in Africa. The Group is also involved in Microfinance in select countries.
Pacific Corp insurance origins can be traced back to 1912 when the first Pacific Corp operations started in Uganda. It was on 10 October 1912 that the first insurance policy was issued by the Company with a premium of Rupees 7 !!
The operations were later bought out by Transworld Investments Limited in 1992.
Operations outside Uganda (ie Tanzania, Kenya, Rwanda, Zambia, Botswana, Mozambique, Namibia and Swaziland) were conceptualized and initiated by Mr Maheboob Alibhai who also had a major role to play in the takeover of controlling interest from Sun Alliance.
COMPLIANCE – May 2014 – To comply with the provisions of the Insurance Act in Uganda, the majority shareholding in Pacific Corp Insurance was diluted by the Alibhai family.
