The Company was incorporated on 22nd August, 1991 as a private limited liability company under the name Accident and General Insurance Company Limited. Approval for the change of name of the Company to its present name was granted on 5th February, 1993 and approval for conversion to a public limited liability company on the 29th of September, 2006. On 27 December 2012, Custodian and Allied Insurance Plc acquired approximately 56.24% of the share holdings of crusader Nigeria Plc. Consequently, Crusader Nigeria Plc and all its subsidiaries are treated as subsidiaries whose identifiable assets and liabilities are incorporated into the group at their fair value. The principal activities of the company during the period were the provision of marketing and general and special risk services and products.