UOI
 
 
 
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CORPORATE DEVELOPMENT

In the late 1950s and early 1960s, the financial sector was in its infancy. But, a young banker envisioned the need for a local general insurance company that can contribute to the development of the industry.

This marked the beginning of the formation of United Overseas Insurance Limited (UOI). The young banker was UOI’s Chairman Mr Wee Cho Yaw. When he shared his aspiration with Mr Hwang Soo Jin, his friend from the insurance industry, Mr Hwang left his job in a foreign insurance company to become the first Managing Director of UOI.

UOI was incorporated in February 1971 and became operational in May of the same year. The first policy of the new company was issued to Mr Wee. With positive support from the start, gross premium hit S$1.2 million in the first year. In 1978, UOI was listed on the Stock Exchange of Singapore.

Over the years, UOI had been approached by many international and local insurers to manage their operations, certainly a reflection of UOI being one of the leading local general insurer. These companies include international firms like Sun Alliance of UK, Allianz of Europe, and local firms like MMGU and the Industrial and Commercial Insurance (I & C).

In late 2003, UOI moved to our current premises to accommodate a bigger organisation following a transfer of the insurance business from the then Overseas Union Insurance Limited (OUI) which took effect on 1 January 2004. In 2009, OUI changed its name to Union (2009) Limited and now, UOI provides management services for this company.

UOI’s profitable growth over the years reflects our financial strength and prudence.

In 2004, Forbes Global listed UOI among “Best under a Billion” companies that had under US$1 billion a year in revenue and five-year returns on capital of at least five percent. UOI was one of the six Singapore companies on the list of 100 of the best smaller-sized enterprises in the Asia-Pacific and Europe.

Today, UOI continues to meet the needs of Singapore’s insuring public by offering a comprehensive range of general insurance products.

 

 
 
   
     
 
AGM 2023 Minutes 14 April 2023
   
AGM 2023 Minutes Appendix A CEO Presentation
   
AGM 2023 Minutes Appendix B Questions and Answers
   
AGM 2023 Minutes Appendix C WEC Tribute
   
AGM 2023 Minutes Appendix D HSJ Speech
   
Unaudited Results For The First Quarter ended 31 March 2023 - Financial Highlights
   
Retirement of Mrs Vivien Chan as Company Secretary
   
Results of 52nd Annual General Meeting
   
AGM - Responses to Relevant and Substantial Questions
   
Annual Report 2022
   
Notice of Annual General Meeting
   
Proxy Form
   
Changes to Board of Directors and Management
   
Retirement of Dr Wee Cho Yaw as Chairman and Director
   
Appointment of Mr Wee Ee Cheong as Chairman
   
Retirement of Mr Hwang Soo Jin as Director
   
Appointment of Mr Winston Ngan as Independent Director
   
Appointment of Mr Leong Yung Chee as Director
   
Re-designation of Mr David Chan as Non-Executive and Non-Independent Director
   
Appointment of Mr Andrew Lim Chee Hua as Chief Executive Officer
   
Audited Results For The Year Ended 31 December 2022
   
Auditor's Report – 2022
   
Financial Highlights For Full Year 2022 Results
   
Unaudited Results For The Third Quarter Ended 30 September 2022 – Financial Highlights
   
Unaudited Results For The First Half Year Ended 30 June 2022
   
AGM Minutes
   
Unaudited Results For The First Quarter ended 31 March 2022 - Financial Updates
   
Results of 51st Annual General Meeting
   
AGM - Responses to Relevant and Substantial Questions
   
Annual Report 2021
   
Notice of Annual General Meeting
   
Proxy Form
   
Additional Information on Directors Seeking Re-election
   
Frequently Asked Questions
   
Audited Results For The Year Ended 31 December 2021
   
Auditor's Report - 2021
   
Financial Highlights For Full Year 2021 Results
   
Change in share registrar address and place where register of members is kept
   
Unaudited Results For The Third Quarter Ended 30 September 2021 - Financial Updates
   
Changes to Board and Board Committees
   
Unaudited Results For The First Half Year Ended 30 June 2021
   
Unaudited Results For The First Quarter Ended 31 March 2021 – Financial Updates
   
 
     
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  10 June 2022 - A.M. Best has affirmed UOI's Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of "aa-" (Superior). The outlook of these credit ratings remains stable.  
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