Madison General Insurance Company Zambia Limited (MGen) is an insurance company which underwrites short term or general insurance business following the amendments to the Insurance Legislation that came into effect on 23 December 2005.
The company commenced operations on 1st April 1992 as the first private sector composite insurance company to enter the liberalized insurance market under the name Madison Insurance Company Zambia Limited.
The company was a subsidiary of the Meridien Group, but due to the difficulties surrounding the Group which eventually led to the liquidation of Meridien International Bank Ltd (MIBL) management successfully bid to take-over the company.
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