LAHORE (October 25 2002) : Securities and Exchange Commission of Pakistan (SECP) has notified as many as 51 insurance companies, including four foreign companies for carrying out insurance business in Pakistan.
According to sources in SECP, only the notified companies have been authorised to make transaction regarding non-life/general insurance business in Pakistan.
These companies have been registered under Section 6 of the Insurance Ordinance 2000, after fulfilment of all codes and procedural formalities.
ACE Insurance Limited, Karachi; CGU International Insurance Plc Karachi; Royal & Sun Alliance Insurance Plc Karachi; and New Hampshire Insurance Co Karachi have been notified as foreign insurance companies.
The local insurance companies notified by SECP include:
Adamjee Insurance Co Ltd., Karachi;
Agro General Insurance Co Ltd., Karachi;
Allianz EFU Health Insurance Co Ltd., Karachi;
Alpha Insurance Co. Ltd., Karachi;
Asia Insurance Co Ltd., Lahore;
Asian Mutual Insurance Company Ltd., Lahore;
Askari General Insurance Co Ltd., Rawalpindi;
Business & Industrial Insurance Co Ltd., Islamabad;
Capital Insurance Co Ltd., Sialkot;
Central Insurance Co Ltd., Karachi;
Century Insurance Co Ltd., Karachi;
Credit Insurance Co Ltd., Lahore;
Crescent Star Insurance Co Ltd., Karachi;
The Co-operative Insurance Society of Pakistan Ltd., Lahore;
Continental Insurance Company Ltd., Karachi;
Dadabhoy Insurance Company Ltd., Karachi;
Delta Insurance Co Karachi;
EFU General Insurance Ltd., Karachi;
East West Insurance Co, Ltd., Karachi;
Excel Insurance Co Ltd., Karachi;
Gulf Insurance Co Ltd., Lahore;
Habib Insurance Co. Ltd., Karachi;
Indus International Insurance Co Ltd., Lahore;
International General Insurance Co of Pakistan Ltd., Karachi;
The Itefaq General Insurance Co. Ltd., Rawalpindi;
Jupiter Insurance Co. Ltd., Karachi;
Muslim Insurance Co Ltd., Lahore;
New Jubilee Insurance Co Ltd., Karachi;
North Star Insurance Co Ltd., Lahore;
Orient Insurance Co Ltd., Karachi;
Pak Equity Insurance Co Ltd., Lahore;
Pakistan General Insurance Co Ltd., Lahore;
Pakistan Guarantee Insurance Co Ltd., Lahore;
Pakistan Mutual Insurance Co Ltd., Lahore;
Platinum Insurance Co Ltd., Karachi;
Premier Insurance Co Ltd., Karachi;
Prime Insurance Co Ltd., Karachi;
Raja Insurance Co Ltd., Karachi;
Reliance Insurance Co Ltd., Karachi;
The Seafield Insurance Co Ltd., Karachi;
Security General Insurance Co Ltd., Lahore;
Shaheen Insurance Co Ltd., Karachi;
Silver Star Insurance Co Ltd., Lahore;
Union Insurance Co Ltd., Karachi;
United Insurance Co Ltd., Lahore;
Universal Insurance Co Ltd., Lahore.
