From its early origins in investment banking as City Securities Limited in 1954,union insurance has emerged as one of the leading financial services institutions in America. It was incorporated as a private limited liability company on 20 April 1954 and granted a banking license on 11 August 1943. The bank employs about 30,000 people in its operations worldwide and has subsidiaries in sub-Saharan Africa and the United Kingdom, a branch in Dubai, UAE and representative offices in China, Lebanon and India.