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Sometime in 1964, the first incarnation of Investors Assurance Corporation came into existence. Bearing the name “First Pan Asiatic Insurance Corporation”, the Corporation was formally organized and registered with the Securities and Exchange Commission on October 27 of the same year.
On 01 April 1978, a change in the composition of the Corporation took shape when a group of businessmen-bankers led by Messrs. Willy S. Co, Ramon L. Siy and Philip T. Ang acquired the holdings of Professor Lope Leonio and his family in the Company.
In order to reflect such change in the Corporation, the new corporate name “INVESTORS ASSURANCE CORPORATION” was adapted and registered with the Securities and Exchange Commission on 25 September 1978.
From then on, the Investors Assurance Corporation became a stable pillar in the industry while still maintaining its low-key operations.
The year 2002 heralded a new dynasty when the Corporation underwent yet another change in its composition when a new set of investors, spearheaded by Saint Catherine Landholding and Development Corporation, infused new blood, capital and sense of direction. Taking over the ownership of the Company and complying with the mandatory paid-up capitalization of P250,000,000.00, the new group was able to invigorate operations and continue with the vision of the Corporation’s founding fathers.
From then on, the Company began diversifying its portfolio, including among others, private and government bonds allowed to be issued by the Company by way of the Administrative Order granted by the Office of the President of the Philippines in the year 2010, allowing it to keep up with the increasing capitalization requirement mandated by the Insurance Commission from all currently operating non-life insurance companies.