Phoenix Assurance has been renamed Mauritius Union Assurance (MUA).
Group CEO Bertrand Casteres said the expansion required consolidation of position as an established and united regional business.
East Africa and Kenya CEO Ashraf Musbally said the new name and identity was a reaffirmation of its culture and values.
The firm also paid Sh100 million to Sarit Centre Bookshop following a fire tragedy last July.
READ MORE
From Ndarugo to Xerox and Toyota, the pioneering spirit of ingenuity liveth in us
South Korea says Jeju Air jet black boxes stopped recording before crash
Anguish for South Korea plane crash relatives amid grim salvage
