The company was founded in Lagos Island by Professor J.O.Irukwu, SAN, who is a well known statesman in Nigeria and an outstanding person in insurance, home and abroad. It began business operation as established by law in 1989. The company writes various lines of business in both life and non-life underwriting in accordance with sound insurance principles as understood by the international insurance community. The company operates through its 8 branches located in major commercial centers of the country. African Development Insurance Company (ADIC) became ADIC Insurance after it was acquired by Diamond Bank in August 2005 in order to reposition the company on a solid ground. We have solid relationship with several international and national professional Re-insurers, such as Munich Re-insurance Corporation, African Re-insurance Corporation amongst others. Periodically, with our Re-insurance Associates, we carry out exchange programs which enable our overseas associates to perform technical review and offer us managerial advice, so as to provide our company with suitable underwriting capacity and more than adequate protection for our customers.