Law Union & Rock began operations in Nigeria in 1951 as a Chief Agency when the late Sir Mobolaji Bank-Anthony held the Power of Attorney for a U.K. leading insurance Company – the first Nigerian to have such authority.In 1976 when the Federal Government of Nigeria decided to acquire shares in leading Finance Institutions in the Country, the Company was one of those affected by the exercise. The Federal Government acquired 9,775 shares of N2 each, which was 39.1% of the Company’s paid-up capital. In 1989 the Federal Government in pursuit of its privatization and commercialization policy offered to the Public its shares in the Company and this exercise led the Company into being quoted on the floor of the Nigerian Stock Exchange on 9th July 1990.LUR is now a fully indigenised publicly quoted insurance company underwriting all classes of insurance business.