United General Insurance Company is one of Malawi’s leading short term/general insurance companies and has been operating in Malawi for over 40yrs.The original name of the company was Pearl Assurance Company Limited. In 1995 the name changed to Property and General Insurance Company Limited following the sale of the business to Zimbabwe Reinsurance Corporation (ZimRe) United General Insurance Company is a result of merging Fide Insurance Company Limited and Property and General Insurance Company Limited as from 1st July 1998.In terms of shareholding, National Bank of Malawi (NBM) holds 47% Shares, Nicoz Diamond Insurance (NDI) holds 34% Shares while ZIMRE Holdings Limited (ZHL) holds the remaining 19% shares.
National Bank of Malawi is a Financial Services company based in Malawi and listed on the stock exchange.
Nicoz Diamond is one of the most recognised brands in Zimbabwe with six branches in Zimbabwe and regional operations in Zambia, Mozambique and Malawi with Insurance as their core business.
ZHL is an investment and coordinative company holding a number of synergistically linked subsidiary companies operating in Zimbabwe and within Africa namely Zambia, Malawi, Uganda, Kenya, South Africa, and Mozambique
UGI is both a member of the Insurance Association of Malawi and the African Insurance Organization
UGI’s head office is located in Blantyre and has branch offices in Lilongwe and Mzuzu.