About Us

Phoenix Assurance Group: Leading short-term insurance in Africa, with a footprint in Microfinance. Experience financial security and opportunity with us.

About Phoenixswaziland
About company

Insuring Your Dreams, Securing Your Future

Since its inception in 2010, Phoenix of Zambia Assurance Company (2009) Ltd has been at the forefront of delivering exceptional insurance solutions. Our commitment to offering top-tier protection at competitive prices has earned us a sterling reputation in the industry.

At Phoenix, we value the relationships we’ve cultivated with our trusted brokers and agents. We believe in mutual respect and shared objectives, ensuring that every party involved benefits from our partnerships.

Our vision is clear: to stand as the preeminent non-life insurer in the region, setting the standard for a diverse range of insurance products tailored to the distinct needs of individuals and businesses. We’re not just another company on the internet; we’re pioneers, trailblazing a new era of insurance services.

With a dedication to excellence and a track record of success, Phoenix of Zambia Assurance Company (2009) Ltd is your steadfast partner in safeguarding what matters most. Trust us to be by your side, providing the protection you deserve.

Share holding

On July 29, 2009, Phoenix of Zambia Assurance Company (2009) Limited was incorporated as a private limited company.

The company’s nominal and paid-up share capital is Kwacha 4 million, and the shareholding structure is as follows:

  • Storm Chaser Ltd
  • Chivimba Family Trust
  • Pertex Investments Ltd
  • Mr. Amratlal Balubhai Patel

Board of Directors

  • Mr. Maheboob Alibhai (Chairman)
  • Mr. Friday C Ndhlovu
  • Mr. Caleb Amos Mulenga
  • Mr. Kishan Patel
  • Ms. Aliza Alibhai
  • Mr. Azim Virjee

Chief Executive Officer

Mr. M. IFTEKHAR AHMED

Stepping into the role of Chief Operations Officer in January 2017, Mr. Ahmed has been a driving force in our company. Armed with a Master’s degree in Banking & Finance from the esteemed University of Karachi, Pakistan, and an Associate of the Chartered Insurance Institute (ACII) from the UK, his credentials speak volumes.

With an impressive tenure of over 25 years in the Insurance/Takaful industry, Mr. Ahmed has excelled in various capacities. He proudly serves as the founding Chief Operating Officer of Pakistan’s pioneering Takaful company. Before his tenure at Phoenix Assurance – Zambia, he was the Executive Director for Window Takaful Operations in Pakistan.

Mr. Ahmed is a specialist in the Takaful business and the core operational facets of insurance, including Underwriting, Claims Management, Reinsurance Structuring, and Strategic Marketing. His visionary leadership and profound industry knowledge remain invaluable assets to our company’s growth and success.

Chief Operations Officer

Mr. Anthony Malasha

Since assuming the role of Chief Operations Officer in July 2020, Mr. Anthony has been a driving force in our conventional business operations. Armed with a Bachelor of Arts degree from the University of Zambia and an Associate of the Chartered Insurance Institute (ACII) from the UK, he brings a wealth of knowledge.

With an impressive 27-year career in general insurance, Mr. Anthony’s expertise was honed in various capacities at Madison and Innovate General Insurance. His specialization in Underwriting, Claims Management, Reinsurance, Risk Management, Marketing, and Product Design, including online selling, has been instrumental in our success.

Currently overseeing Underwriting, Claims, Marketing, Branch Operations, Strategy, and Product Development, Mr. Anthony is pivotal in shaping our company’s growth and future direction.

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