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The Universal Insurance Company at a glance

Brief Introduction

The Universal Insurance Company Limited (UNISURE), now Universal Insurance Plc. was established by the then Eastern Nigeria Government, African Continental Bank Plc in 1961 through an association between Eastern Nigeria Development Corporation (ENDC) and Pearl Assurance Company Limited of London whereby ENDC acted as agents to the insurance company.

The Universal Insurance Company Limited also from inception has been on a partnership relationship with Swiss Reinsurance Company of Zurich, which also provided the necessary reinsurance support. Mr. K. R. Lugg an expertrate had the privilege of being the first General Manager of the Company untill 1963 when Mr. M.A.C Chukwudinma was appointed the 1st indigenous General Manager.

The aftermath of the Nigeria civil war was that the eastern Nigeria became defunct. Thus after series of changes, the East Central state was split into Anambra, Imo, Enugu, Abia, and Ebonyi states. These five states apart from many individuals have shares in the Company

POST CONSOLIDATION STATUS

The New Universal Insurance Plc is now a mega organization comprising the former United Trust Assurance Company Limited, Oriental Insurance Company Limited and African Safety Insurance Company Limited.  Overtures are still being made by some companies seeking to be acquired by the new mega Company.   The Shareholders fund of the new mega Company after NAICOM verification stood at over N9Billion. 

The new Universal Insurance Plc has 100% equity stake in African Alliance Insurance Company Limited to handle the Life aspect of its operations.

In order to guarantee maximum cover to our customers Universal Insurance Plc has made a two pronged reinsurance arrangement as follows:

(i) Unlimited capacity protection on facultative reinsurances based on individual account. Our facultative reinsurances are placed both locally and offshore depending on the size of the account.

Our offshore placing Brokers based in London give us access to all first class reinsurers worldwide and Lloyds of London.

Our local facultative reinsurance is placed with other local insurers and other regional reinsurers that respond quickly to claims.

(ii) The second segment of our reinsurance arrangement is led by the foremost reinsurance company in African sub region-African Re.

Universal Insurance Plc has therefore restructured its Management and operations for the challenges ahead. We are pleased to introduce to you a repositioned giant in the Insurance Industry in Nigeria.

OUR BOARD

The Board of Directors is made up of men and women of impeccable integrity who have distinguished themselves in various endeavouors.

PROFILE OF THE DIRECTORS

The Board of Directors is made up of personalities of impeccable integrity who have distinguished themselves in various endeavours.

LT. GEN. JOSHUA N. DOGONYARO (RTD) mni, CFR - CHAIRMAN

Lieutenant-General Joshua Dogonyaro is an Accountant by training and a gallant Soldier.

Lt.Gen. Dogonyaro enlisted in the Army in 1964 and was commissioned as a Second Lieutenant in the Nigerian Army Armoured Corps (1967).During his career in the Army Lt.Gen. Dongoyaro held several command positions. In 1992, he was appointed ECOMOG Field Commander in Liberia, a task which he accomplished successfully. Thereafter, he was appointed Chief of Defence Staff of the Nigerian Armed Forces. He retired in 1993.

Lt.-Gen. Dongoyaro, is a Member of the National Institute (mni.), holds the military decorations of Distinguished Service Medal (DSS); and Meritorious Service Star (MSS).He is a Fellow of the Institute of Administrative Management of Nigeria (FIAMN); a Qualified and Incorporated Administrative Manager (QIAM); and a life Member of the Nigerian Institute of International Affairs.

He holds the traditional titles of Barden Langtang, Sardauna Gani, and Ochi Agha 1 of Anambra. He is married with children.

In recognition of his immense role in the development professionalism in the Nigerian Army and his outstanding leadership in the course of Nigeria’s contributions to international peace keeping and monitoring efforts, Lieutenant- General Joshua Nimyel Dogonyaro was honoured with the award of Commander of the Order of the Federal Republic (CFR). He is married with children.

ENGR. (CHIEF) CYRIL U.O. AJAGU – VICE CHAIRMAN/GROUP MANAGING DIRECTOR

ENGR. (CHIEF) CYRIL AJAGU is a versatile business mogul with responsibilities as the Group Managing Director of Molit Hotels Ltd, Conau Limited, Tecu Limited and Vice Chairman/Group Managing Director of Universal Insurance Plc. He studied in Nigeria and is armed with a B.Tech in Mining Engineering and MBA in Innovation Technology. He has worked with Oil Companies such as Mobil Nigeria and Overseas (North Sea) Schlumberger and Shell.

Chief Ajagu is a good strategist and from a renowned business family. He is highly knowledgeable and his business acumen cuts across Construction, Estate Development, Management, Transportation, Oil and Gas, Farming, SMEs and Industrial Consultancy.  As the representative of the Core Investors that bought Universal Insurance Plc, he is committed to the re-engineering of the new mega-company.

MRS JULIET A. MADUBUEZE

A disciplined and well-schooled woman in Law and Financial/Business Studies with a lot of drive and an accomplished achiever. She is the Former General Manager, Human Resources for the Union Bank Plc group both for Nigeria and Overseas. Presently she is the President of the Nigeria Chartered Institute of Bankers, a Director in Union Bank Trustees and Central Bank of Nigeria. She is married with children.

MR. BENSON U OGBONNA, DIP., MSC, MBA, NIMN, ASCE - EXECUTIVE DIRECTOR (SOUTH-SOUTH ZONE)

Mr. Benson U Ogbonna is an Associate member of National Institute of Marketing of Nigeria and American Society of Civil Engineers respectively.  He also holds Diploma in Salesmanship, from Jerssy Britain, Bsc in Industrial Mathematics, MSc in Geophysics and MBA in Marketing.

He is the Executive Director of South-South- Zone of The Universal Insurance Company Limited.  He has worked in various times with University of Port Harcourt and Rivers State University of Science and Technology as part time Lecturer.  He is a Resource person to Graduate Management School, Port Harcourt. He joined Conau Group in 2000 as Marketing Manager and in 2003 was promoted to General Manger Business Development from where he became and Executive Director. He is married with children.

BEN UJOATUONU- HND, MBA, ACIIN, ACCM - MANAGING DIRECTOR/CEO

BEN UJOATUONU is a seasoned Insurance and Risk Management practitioner. He is a HND graduate of Insurance of the Institute of Management and Technology (IMT) Enugu. He obtained his Masters in Business Administration (MBA) degree from the University of Calabar. He is an Associate of the Chartered Insurance Institute of Nigeria (ACIIN) and Institute of Certified Cost Management (ACCM).

He started his Insurance career with Regency Insurance Co Ltd as one of the key underwriting staff, from where he joined Kapital Insurance Co Ltd. He headed the Technical department of Coral International Insurance Co Ltd and later moved to Global Commerce and General Assurance Ltd as Group Head Technical and later rose to the position of Deputy General Manager (Technical Operations). After the recent consolidation in the insurance industry, he joined Crown Insurance Brokers Limited and Nobel and Lesley Consulting Limited as The Group General Manager from where he joined Universal Insurance Plc.

For the past ten years he has been involved in preparing students for the insurance professional examinations organized by the Chartered Insurance Institute of Nigeria (CIIN). He is also involved in training and facilitation.

Ben has attended many local and international courses on insurance and management. He is happily married with children.

BARR MRS GLORIA MBANEFO, LL.B, BL: - EXECUTIVE DIRECTOR/COMPANY SECRETARY

Barr (Mrs) G N Mbanefo holds OND and HND (Secretarial Studies) from The Institute of Management and Technology, Enugu 1984 – 1986 and later read law at the University of Nigeria Nsukka between 1989 – 1995 from where she obtained Degree in Law,  LLB (Hons) and BL. She started her working career from ELF Nigeria Limited Port Harcourt in 1987 where she gained experience in legal matters, before joining The Universal Insurance Company Limited and has worked in various capacities as Legal Manager and Company Secretary of the Company.  She has gained   experience in Company Law practice and Company legal issues. She is married with children.

MR. ANYANWU REGINALD, HND, PGD, MBA Mgt, MNIM - EXECUTIVE DIRECTOR

Mr. Anyanwu obtained an HND, PGD and MBA Management from the Federal Polytechnic, Oko and University of Calabar respectively.  He has been an active player in the Insurance industry since 1992. Prior to joining Universal, he has worked with African Development Insurance Co Ltd, Central Insurance Co Ltd where he rose to the position of Deputy Manager, Marketing before leaving in 1998. In December 1998, he joined the team that started Guardian Trust Insurance Company Ltd. where he left in June 2004 to join the company as Head, Abuja Office. He is married with children.


PROFILE OF THE MANAGEMENT TEAM

BEN UJOATUONU- HND, MBA, ACIIN, ACCM - MANAGING DIRECTOR/CEO

BEN UJOATUONU is a seasoned Insurance and Risk Management practitioner. He is a HND graduate of Insurance of the Institute of Management and Technology (IMT) Enugu. He obtained his Masters in Business Administration (MBA) degree from the University of Calabar. He is an Associate of the Chartered Insurance Institute of Nigeria (ACIIN) and Institute of Certified Cost Management (ACCM).

He started his Insurance career with Regency Insurance Co Ltd as one of the key underwriting staff, from where he joined Kapital Insurance Co Ltd. He headed the Technical department of Coral International Insurance Co Ltd and later moved to Global Commerce and General Assurance Ltd as Group Head Technical and later rose to the position of Deputy General Manager (Technical Operations). After the recent consolidation in the insurance industry, he joined Crown Insurance Brokers Limited and Nobel and Lesley Consulting Limited as The Group General Manager from where he joined Universal Insurance Plc.

For the past ten years he has been involved in preparing students for the insurance professional examinations organized by the Chartered Insurance Institute of Nigeria (CIIN). He is also involved in training and facilitation. Ben has attended many local and international courses on insurance and management. He is happily married with children.

BARR MRS GLORIA MBANEFO, LL.B, BL: - EXECUTIVE DIRECTOR/COMPANY SECRETARY

Barr (Mrs) G N Mbanefo holds OND and HND (Secretarial Studies) from The Institute of Management and Technology, Enugu 1984 – 1986 and later read law at the University of Nigeria Nsukka between 1989 – 1995 from where she obtained Degree in Law,  LLB (Hons) and BL.

She started her working career from ELF Nigeria Limited Port Harcourt in 1987 where she gained experience in legal matters, before joining The Universal Insurance Company Limited and has worked in various capacities as Legal Manager and Company Secretary of the Company.  She has gained   experience in Company Law practice and Company legal issues. She is married with children.

MR. ANYANWU REGINALD, HND, PGD, MBA Mgt, MNIM - EXECUTIVE DIRECTOR

Mr. Anyanwu obtained an HND, PGD and MBA Management from the Federal Polytechnic, Oko and University of Calabar respectively.  He has been an active player in the Insurance industry since 1992. Prior to joining Universal, he has worked with African Development Insurance Co Ltd, Central Insurance Co Ltd where he rose to the position of Deputy Manager, Marketing before leaving in 1998. In December 1998, he joined the team that started Guardian Trust Insurance Company Ltd. where he left in June 2004 to join the company as Head, Abuja Office. He is married with children.

OGBUEVI  PAULINUS OFFORZOR OLUCHUKWU. - {HEAD: TECHNICAL / ENTERPRISE RISK MANAGEMENT}

Ogbuevi Paulinus Offorzor .O. is a graduate of insurance from The Institute of Management and Technology, Enugu. He equally holds a Bachelor’s Degree in Economics (B.Sc. (Hons) from Imo State University, Owerri and a Masters in Business Administration (MBA) majoring in Insurance and Risk Management from Esut Business School.  He is also an Associate Member of the under listed professional bodies:

    1. Chartered Insurance Institute of Nigeria (ACII);
    2. The Certified Pension Institute of Nigeria (CPIN)
    3. Chartered Institute of Administration (CIA)

He started his insurance career with Intercontinental Assurance Co Ltd in 1995 and has worked in several other companies within the insurance industry.

Before joining Universal Insurance Plc as the Head (Technical & Enterprise Risk Management ) Ogbuevi Paulinus was the General Manager / Chief Executive Officer Generation Insurance Brokers Limited. Currently he is on the board of Elsa Quest international – An Insurance and Risk Management consulting firm since June 2009. He is married with children.

MR SAMUEL UGOCHUKWU NDUBUISI - HEAD OF FINANCE AND ACCOUNTS

Samuel Ugochukwu Ndubuisi is an Associate member of Institute of Chartered Accountants of Nigeria (ACA). He holds a Diploma in Practical Accounting from The British Training College.

He has over 20 years experience at top management level. He began his career with The Lion of Africa Insurance Ltd and moved to Global Commerce & General Assurance Ltd as Senior Manager-Finance and Accounts; he joined Unitykapital Assurance Plc as an Assistant General Manager (Finance) He is happily married with children.

James OLATUNJI Oyebayo – ACII -HEAD OF MARKETING

James Olatunji Oyebayo started his insurance career two decades ago with Fire, Equity & General Insurance Company where he rose to the position of an Assistant Manager as an underwriter, while he was with Fire & Equity Insurance Company, he represented the company and served as an officer at various offices Committee which includes Fire Offices Committee (FOC), Marine Offices Committee (MOC) and Offices Representative Committee (ORC).

He later joined Kapital Insurance Company as the Head of Marketing in the Lagos office. In the year 2007, he resigned his appointment with Kapital insurance Company and joined First Cover Insurance Brokers as an Executive Director.

Today James Olatunji Oyebayo with his wealth of experiences both in underwriting and marketing has joined Universal insurance Company. He has attended various insurance courses organized by local and international bodies, he is also an Associate Member of insurance institute of Nigeria and he is happily married with children.

MRS OKAFOR MERCY, B.SC (HONS) - MANAGER (UNDERWRITING)

Mrs. Mercy Okafor holds B.Sc (Hons) in Insurance and Risk Management from Enugu State University of Science and Technology (ESUT) and HND (Secretarial Studies) from  Federal Polytechnic Auchi.

She started his career in Insurance in her early years with The Universal Insurance Company Limited and have worked in various Departments and Branches of the Company and have held various positions.  She is currently a Manager in the Underwriting Department of The Universal Insurance Company Limited, Zonal Office, Enugu. She is married with children. 

Mission Statement

"Our mission is to become a dominant player through the provision of Insurance Services with professional touch, using highly motivated workforce and modern Information Technology, while discharging our duties to the Society and all stakeholders as a responsible corporate citizen.". This shows we recognize that our investments in support of customers, employees and the communities in which we operate are critical to our success.

Our ongoing efforts to be an outstanding corporate citizen and promote responsible and sustainable business practices are essential to our long-term business objective of creating value for our shareholders and serving the interests of our clients, and thus our focus-

Our Corporate Focus

"To render prompt, honest, efficient, innovative and dynamic Insurance Services to all our stake holders, especially, in the areas of provision of adequate cover, risk management services and prompt settlement of claims".

Who We Are

The Universal Insurance Plc. is one of the nation’s largest personal lines insurer. With over N8 billion in assets, we sell eight major lines of insurance, including auto, property and commercial.

We are widely known for providing peace of mind to our clients and enriching their quality of life through our partnership in the management of the risks they face.

Structure

Our company is structured to guarantee efficiency in service delivery to our clients. We run a unique system that empowers middle level officers to take decisions quickly. We have also developed and put in place an environment that is customer oriented in both design and attitude that enables us walk our talk.
Our high performance work environment encourages individual accountability, innovative thinking and continuous learning and improvement. Our work environment is fast-paced, challenging, and collaborative. It's our goal to provide challenging work that is interesting and meaningful and to reward employees' efforts based on a pay for performance approach.

Our Network

Universal Insurance Plc has operations in 10 states with branches in Port Harcourt, Abuja, Enugu, Owerri, Benin City, Onitsha,
Jos, Aba, Port Harcourt and Kaduna. Customers can access our products and services through any of our branches or visit our website. Contact us.

 
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