The company was previously incorporated as Regency Insurance Company Ltd on the 16th June 1993 to undertake non-life insurance busines sin Nigeria. The company was certified to run life insurance on the 11th of March 2005. The company was reincorporated as Regency Alliance Insurance PLC on the 27th of February 2007 to underwite all classes of non-life insurance business after a successful merger of four companies (Regency Insurance PLC, Capital Express General Insurance, Nigeria Alliance Assurance and Destiny Insurance Co)