UNIVERSAL INSURANCE PLC

Universal Insurance Plc was established in 1961 as The Universal Insurance Company Limited, founded by the then Eastern Nigeria Government and African Continental Bank Plc. From its inception, the company forged key partnerships, including an association with Pearl Assurance Company Limited of London and a reinsurance relationship with Swiss Reinsurance Company of Zurich, which provided essential underwriting support. Over time, Universal Insurance evolved into a larger entity through consolidation, incorporating United Trust Assurance Company Limited, Oriental Insurance Company Limited, and African Safety Insurance Company Limited to form the present mega organization. The company is headquartered in Lagos, Nigeria, and maintains a nationwide presence with branches in numerous major towns and cities across the country. The core business of Universal Insurance Plc involves providing comprehensive non-life insurance solutions, risk underwriting, and related financial services. Its extensive portfolio of general insurance products caters to individuals, families, and businesses of all sizes, encompassing a wide array of coverages. These offerings include auto insurance, property insurance, fire and special perils, marine hull and machinery insurance, oil and gas insurance, various accident coverages, and engineering insurance products such as contractors all risks and erection all risks. The company also provides bond insurance, builders' liability insurance, employers' liability insurance, and other specialized indemnity and guarantee products. Universal Insurance Plc aims to provide protection and risk management across diverse sectors within the Nigerian market.