KBL Insurance Limited was incorporated on January 17, 1994 as Shieldhold Insurance Company Limited and started business the same year as an Underwriter licensed to underwrite both life and non-life insurance businesses.
Following the acquisition of majority shareholding by a group of investors in December 1998, the name of the company was later changed to Guardian Trust Insurance Company Limited (GTI).
Again, during the insurance industry consolidation/recapitalization exercise, former Bank PHB Plc acquired majority shareholding and consequently the name of the company was changed from Guardian Trust Insurance to Insurance PHB Limited on
During this recapitalization exercise, the Board of Directors, agreed to concentrate on general businesses and raised the capital of the company to meet the minimum capital required by law to transact general insurance business.
To further reposition for greater efficiency and increased market share, the company has undergone a rebranding process, and changed its name to KBL Insurance Limited on September 4, 2013.
