International General Insurance Company (Pak) Ltd
Sep 18 - 24, 2000
International General Insurance Company of Pakistan
Limited (IGI) which was established in 1953, is one of the leading
quoted insurance companies operating in Pakistan. It is one of the
oldest Group Company of the well known Packages Group.
IGI during its over 47 years of operations, has
established its reputation in the domestic as well as international
insurance market for quality insurance business and adherence to high
During 1997 IGI was awarded A++ ranking
(exceptional financial performance) by Vital Information Services (Pvt)
Limited in their latest F & J Ranking of the top ten Insurance
Companies of Pakistan based on their 1996 audited accounts.
Recently the Company has been given AA- (Double A
minus) rating of its Claims Paying Ability (CPA) by Pakistan Credit
Rating Agency (Pvt) Limited, an affiliate of Fitch IBCA Inc. New
York/London—third largest international rating agency after S&P
Our reinsurance treaties are with the most
prestigious reinsurers like "Munich Re" and "GeneralCologne
Re" of Germany, "Swiss Re" of Switzerland, "Assicurazioni
Generali" of Italy, "Korean Re" of Korea, "Asian
Re" of Thailand and "PIC" of Pakistan.
Our main reinsurers Munich Re, Swiss Re and Cologne
Re enjoy AAA rating by Standard & Poor's latest evaluation.
Presence of these world renowned reinsurers on our
panel is a clear cut appreciation of our underwriting policies and
professional approach at the international level. With their backing
we have gross capacity of Rs. 331.25 million in case of Fire and Rs.
72.00 million for Marine.
The Company has offices at Karachi, Lahore and
Qualified, experienced and service oriented staff,
trained in United Kingdom, Switzerland and Germany has placed the
Company in a strong position for Fire, Marine and Motor/Miscellaneous
Our Corporate philosophy is emphasis on quality
business and customer service has continued to reward us with a steady
and healthy growth. Amongst local insurance companies IGI ranks today
on position No. 6 compared to No. 9 of the year 1995 and No. 13 of the
Our valued clients are reputed local as well as
multinationals companies like Hoechst Marion Roussel , Siemens
Pakistan Engineering Company Limited, Tetrapak Pakistan Limited,
Nestle Milkpak Limited, Lever Brothers Pakistan Limited, First
International Investment Bank Limited, J & P Coats Pakistan
Limited, Packages Limited, Dane Foods Limited, Wazir Ali Industries
Limited, Zulfeqar Industries Limited, Treet Corporation Limited,
Tripack Films Limited, Coates Lorilleux Pakistan Limited, Coca Cola
Beverages Pakistan Limited etc. etc.
Currently IGI has paid up capital of Rs. 97.1
million and General Reserves of more than Rs. 280 million.
Total assets of the Company at cost are Rs. 586
million. The current market value of these assets is nearly Rs. 1.63
Amongst Pakistani Insurance Companies IGI has the
HIGHEST Solvency Margin of 485%.
IGI has the LOWEST outstanding claims amongst all
the local insurance companies.
Confidence of the general public in IGI and market
respect for its share is evident from the fact that our share of Rs.
10.00 is presently being quoted at Rs. 60 at the Karachi Stock
Exchange (Guarantee) Ltd.
English and Urdu writers to honour Maqsood Ellahie
Sheikh in Bradford
Several English and Urdu writers will join to
honour the Pakistani short story writer Maqsood Ellahie Sheikh. He has
won the Dohazara Literature Publications Award. His two latest books
will be launched in Bradford Central Library on September 21, 2000.
Poet Dr. Saleem-ur-Rehman and English writer,
novelist Qaisara Shehraz of Pakistani origin will read papers on the
fiction writing of Maqsood Ellahie.
Dr. Sifat Ahmed Alvi will speak about Maqsood
Ellahie and also about services of the Central Library to Asian
languages. Mr. Maqsood Ellahie will also present his favourite short