Pacific Union Insurance Company was founded on June 5, 1945 by the late Don Aurelio Periquet Sr. who was a pioneer in the industry. The company was granted Certificate of Authority No. 1 on July 21, 1945 by the President of the Philippines thru the Insurance Commissioner to write fire, marine, automobile, accident, and miscellaneous lines to act as surety on official recognizances, stipulations, bonds and undertakings. A historical note is that the first bond issued by Pacific Union was in behalf of former President Jose P. Laurel Sr. in favor of then Commonwealth of the Philippines.