Reliance Insurance Company (T) Limited was promoted in 1998 in the light of the opportunities offered by the privatization of the insurance industry. Local businessmen of repute joined hands with Pan Africa Insurance Company Limited of Nairobi, Kenya to infuse the envisaged initial paid - up capital of T.Shs.600 million. APA Insurance Limited, acquired the shares consequent to merger of Pan African Insurance and Apollo Insurance. The company was among the first few companies licensed in 1998 and started operation October 1998. The company has been making steady progress and has built a strong financial base and reputation for strong customer oriented culture.