We are a leading provider of general insurance services in Nigeria having established strong relationships with individual and corporate clients throughout the country in our over four decades of existence.

We have used these relationships and our extensive knowledge of the Nigerian market to become a force to be reckoned with in the Nigerian insurance market. .

The company was incorporated on 1^st of March, 1961 as a private limited liability Company by the then Eastern Nigeria Government in tandem with African Continental Bank under the name, “The Universal Insurance Company Limited”. We commenced business through an association between The Eastern Nigeria Development Corporation (ENDC) and Pearl Assurance Company of London whereby ENDC acted as agents to the insurance company. Universal Insurance Plc 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 expatriate had the privilege of being the first General Manager of the Company until 1963 when Mr. M.A.C Chukwudinma was appointed the first indigenous General Manager.

The aftermath of the Nigeria civil war was that 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.

In 2003, Conau Limited became the major shareholder in the company and successfully recapitalized the company under the various recapitalization and reform programs of the Nigerian government. Today, Conau remains the core investor while the five eastern states and several Nigerians also own shares in the company.

Following the recent consolidation in the Nigerian insurance industry, the new Universal Insurance Plc. Became a mega organization comprising the former United Trust Assurance Company Limited, Oriental Insurance Company Limited and African Safety Insurance Company Limited all of whom were acquired by the company as part of its recapitalization efforts. Overtures are still being made at the moment by some local and offshore companies seeking to invest in the new mega company.

We have gone further to acquire a 100% equity stake in African Alliance Insurance Company Ltd. to handle the life aspect of our operations.

As at today, this company has an asset base of over N10.2Billion (Ten billion two hundred million naira) and authorized and paid-up share capital of N30.0Billion (Thirty billion naira only) and N16.0Billion (Sixteen billion naira) of 50 kobo per unit and is now fully computerized to drive excellence in service delivery, customer-oriented and poised to be a giant in risk bearing, making prompt claims payment our key driving force.

We have maintained profitability in part by leveraging our technology to improve employee productivity and manage our cost structure.

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