History
For the past 73 years, the Company has been actively involved in the non-life insurance business. The roots of the Company can be traced back to the 1950s.
The Company had its humble start on 09 December 1950 under the name of The Public Insurance Company Limited.
In July 1988, the Company’s name was changed from The Public Insurance Company Limited to British American General Insurance Company Limited.
On 04 July 1991, the Company was acquired by the Hong Leong Group (Malaysia), resulting in a change of the Company’s name from British American General Insurance Company Limited to First Capital Insurance Limited.
In September 2002, First Capital Insurance was acquired by Fairfax Financial Holdings.
On 28 December 2017, 97.7% shares of First Capital Insurance Limited were brought over by Mitsui Sumitomo Insurance Company Limited, a member of MS & AD Insurance Group Holdings, Inc.
On 15 January 2018, the Company’s name was changed from First Capital Insurance Limited to MS First Capital Insurance Limited.
As of 30 June 2024, Mitsui Sumitomo Insurance Company Limited’s shareholdings in the Company increased to 99.98%.
The Company's Expertise
The Company is engaged in writing both personal and commercial lines of non-life insurance business across various classes such as Fire, Engineering, Marine Hull, Marine Cargo, Bond, Professional Indemnity, Motor, Public Liability, Worker's Compensation, Personal Accident and other Miscellaneous Accident.
The Company is a reputable and dependable source of cutting-edge insurance options, catering to a diverse range of clients, both individuals and corporate, not just in Singapore but also in the wider Asian region.
A.M. Best Company (U.S.A.) has reaffirmed the financial strength rating of 'A (Excellent)' with 'Stable' outlook for the Company, considering the Company’s impressive financial performance.
This page is best viewed with (1024 x 768) resolution.
All rights reserved. Copyright © 2023 MS First Capital Insurance Limited.
