United Overseas Insurance Limited (UOI) is engaged in the underwriting of general insurance business and reinsurance. General insurance covers a range of classes of insurance, which include fire, marine, motor, engineering, general accident and liability business. Through its wholly owned subsidiary, UOB Insurance (H.K.) Limited, UOI provides a complete range of general insurance services in Hong Kong. UOI provides management services for Union (2009) Limited, with different operating segments, its businesses are segregated into separate fund accounts. UOI has established and maintained a Singapore Insurance Fund (SIF) for insurance business relating to Singapore policies and an Offshore Insurance Fund (OIF) for insurance business relating to offshore policies. Shareholders� Fund (SHF) relates to the Company�s investment activities of its non-insurance funds. United Overseas Bank Limited is an ultimate holding company, incorporated in Singapore, which owns 58% of interest of UOI.