MILESTONES

NICO Group reaches a milestone of 50 years

 

NICO has been offering financial services for over 50 years. 50 years of honoring our commitment to clients. 50 years of pioneering various watershed projects in the country.

Below are some of the key milestones throughout the 50 years journey.

1971

National Insurance Company opened its doors for operations

1996

NICO was listed on the Malawi Stock Exchange

1997

NICO extended its operations to Zambia by establishing NICO Insurance Zambia

2002

National Insurance Company restructured to establish:

NICO Holdings Plc
NICO General Insurance Limited
NICO Life Insurance Limited
NICO Technologies Limited

2003

NBS Bank Plc was established with NICO acquiring majority shareholding

2011

Sanlam Partnership with NICO Life Insurance Limited

2017

Eris Properties Mw Limited established

NICO Pension was established as a stand-alone company

2021

NICO Capital Limited started its operations as a stand-alone company

YearMilestone
1971National Insurance Company opened its doors for operations
1996NICO was listed on the Malawi Stock Exchange
1997NICO extended its operations to Zambia by establishing NICO Insurance Zambia
2001Chichiri Shopping Centre was built (with NICO as the majority shareholder)
2002National Insurance Company restructured to establish NICO Holdings Plc
2002NICO General Insurance Limited was established
2002NICO Life Insurance Limited was established
2002NICO Technologies Limited was established
2003NBS Bank Plc was established with NICO acquiring majority shares (from the then Bew Building Society established in 1964 as a mortgage financing society)
2005NICO Insurance Tanzania was established (now Sanlam Tanzania)
2007NBS Bank Plc was listed on Malawi Stock Exchange
2009NICO Asset Managers Limited was established
2010Lilongwe City Mall was opened
2011Sanlam Partnership with NICO Life Insurance Limited
2011NICO celebrated its 40th Anniversary
2013Sanlam partnership with NICO general businesses
2017Eris Properties Mw Limited established
2017NBS Bank Plc Rights Issue
2017NICO Pension Services Limited started its operations as a stand-alone company
2019Listing of ICON Properties Plc
2021NICO celebrated its 50th anniversary
2021NICO Capital Limited started its operations as a stand-alone company