Brief Introduction

The Universal Insurance PLC. at a glance

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.

As at today, this company has an asset base of over =N=11Billion, authorized and share capital of 16Billion units and =N=8Billion paid-up respectively. It is a General Business organization (i.e. underwrites General Insurance business).

The Universal Insurance Plc is now fully computerized to drive excellence in service delivery, Customer – oriented and a prime company that is poised to be a giant in risk bearing.


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.

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

  • 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.
  • 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.

Fun Facts

Enthusiastically deploy process methods of empowerment without information.

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.


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.


Universal Insurance Plc has operations across the country with branches in Port Harcourt, Abuja, Enugu, Owerri, Onitsha, Aba, Umuhia, Abakaliki and Kaduna. Customers can access our products and services through any of our branches or visit our website.

Our core & happy clients

We are proud to have: Multi-Trade,  Kogi, Akwa–Ibom, Anambra, Enugu, Imo, Abia and Ebonyi States as our highly esteemed clients who trust us for their Insurance. So does the listed brands below.


We know how deployment of our expertise in the management of the risk exposures of our clients wherever and whenever.