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History

Company was established in the year 1959 and commenced General Insurance business from January, 1960.

United Insurance is the only and First Insurance Company of Pakistan doing Crop Insurance and Livestock Insurance. (which have the reinsurance arrangement also)


Type of Company
It is a public limited company listed in Karachi Stock Exchange (Guarantee) Limited. Its directors hail from various vocations & professions.

Board of Directors
Mian M. A. Shahid Director and Chairman
Mr. Khawas Khan Niazi Director and Chief Executive
Mr. Ch. Habib-ur-Rehman Director and President
Miss. Huma Waheed Director
Mr. Ch. Maqsood Ahmed Director
Mr. Ch. Najib-ur-Rehman Director
Mr. Ch. Aziz-ur-Rehman Director
 
Management
Chairman Mian M. A. Shahid
Dy. Managing Director
Company Secretary
Zia Hassan Zuberi
Advisor to Chairman Naseer Ahmed
(Former Member Revenue CBR)

(Additional Secretary Military Finance)
(Additional Secretary Finance)
Deputy Managing Director Mr. Azizullah Memon
(Former President of United Bank Ltd. & Bolan Bank)
Executive Director Maj. Gen. (R) Asif Duraiz Akhter
Executive Director Muhammad Saleem Sheikh
(Former President/Chief Executive ABL)
Executive Director Javaid Sadiq
(Former Chairman/Chief Executive IDBP)
Executive Director Sheikh Muhammad Javid
(Former Member K.E.S.C Borad of Director & Managing Director)
Executive Director Mian M. A. Zahid
Joint Director/Country Manager Dr. Murtaza Mughal
Chief Financial Officer Raja Naeem Tariq
Chief Internal Auditor Maqbool Ahmed
Chief Manager Accounts Tajamal Iqbal
Joint Director Underwriting S.M. Qaiser Imam
General Manager Administration Muhammad Masood Malik
(Former Bank Executive HBL)
 
Executive Management Committee
Mian M. A. Shahid Chairman
Khawas Khan Niazi Member
Zia Hassan Zuberi Member
Naseer Ahmed Member
Aziz Ullah Memon Member
Maj. Gen. (R) Asif |Durani Akhtar Member
Javed Sadiq Member
Seikh M. Javed Member
Main M.A Zahid Member
Muhammad Saleem Sheikh Member
 
Management Committee
Mian M. A. Shahid Chairman
Khawas Khan Niazi Member
Zia Hassan Zuberi Member
Naseer Ahmed Member
Azizullah Memon Member
Muhammad Saleem Sheikh Member
Mumtaz Hussain Khan Member
S. M. Qaiser Imam Member
 
Investment Committee
Mian M. A. Shahid Chairman
Zia Hassan Zuberi Member
Huma Waheed Member
Khawas Khan Niazi Member
Javed Sadiq Member
 
Audit Committee
Ch. Aziz-ur-Rehman Chairman
Ch. Najib-ur-Rehman Member
Huma Waheed Member
 
Re-Insurance Committee
Mian M. A. Shahid Chairman
Khawas Khan Niazi Member
Dr. Murtaza Mughal Member
Mumtaz Hussain Khan Member
Aamir Hameed Member
 
Under-Writing Committee
Ch. Habib-ur-Rehman Chairman
S.M. Qaisar Imam Member
Mumtaz Hussain Khan Member
 
Claims Settlement Committee
Huma Waheed Chairperson
Khawas Khan Niazi Member
Muhammad Yasin Khan Member
S.M. Qaisar Imam Member
 
Joint Directors
Zarar Ahmed Butt  
Mian Kashif Rasheed  
Ch. Aslam Feroz  
Muhammad Siddique Sheikh  
Muhammad Naseem Butt  
Shakeel Ahmed  
 
Auditors
M/s Avais Hyder Liaquat Nauman Chartered Accountants
M/s. Sarwars Chartered Accountants
 
Legal Advisors
Mr. M.Farooq Shaikh (Advocate)
Mr. Fazal Hussain (Advocate)
Mr. M. A. Hamdani (Advocate)
 
Income Tax Advisor
M/s. Sarwars, Chartered Accountants
 

Treaty
Treaty arrangement can easily assume any single risk up to the value of Pak Rs.405.000 Million and it is certified by the Securities & Exchange Commission of Pakistan.

Reinsurance Arrangements for The Year 2009
   
Company's Reinsurers
M/s. Mitsui Sumitomo Reinsurance Limited Kuala Lumpur, Malaysia.
M/s. Sompo Japan Reinsurance, Hong Kong.
M/s. Pakistan Reinsurance Company Limited, Pakistan
M/s. Malaysian Reinsurance Company, Kuala Lumpur, Malaysia.
M/s. Labuan Reinsurance Company, Kuala Lumpur, Malaysia.
M/s. BEST Reinsurance Co., Kuala Lumpur, Malaysia.
M/s. Trust International Insurance Co (BSC), Bahrain.

Central Depository Company (CDC) Issuer

Enlisted with number of Institutions
Company registered as approved Insurance Company with following Schedule Banks, DFI's Leasing Companies and Large Institutions
(Click Here..)

Trade Membership
Karachi Chamber of Commerce & Industry (KCCI)
Company is a member of Insurance Association of Pakistan (IAP)
Comapny is also a member of Lahore Chember of Commerce & Industry (LCCI)

Rules and Regulations
Companies Ordinance 1984
Insurance Ordinance 2000
Fire, Marine & Motor Tariff (IAP)

Business Tariff
Insurance Association of Pakistan has made various tariffs and the Company. as a member follows them in respect of insurance policy, wording, premium rating and rules and regulations.

Company's Offices
Its Registered Office is situated in Karachi and Head Office at Lahore with branches and representatives all over Pakistan.


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Website Coordinator: Miss Huma Waheed, Director and Vice Chairman
Last updated: 11 November, 2009 11:21 PM