Karachi: Reliance Insurance Company Limited announced the election of Mr. Irfan Zakaria Bawany as the new Chairman of its Board of Directors during a board meeting held in Karachi on August 28, 2025. The board’s decision was unanimous, reflecting a cohesive strategic direction for the company.

Mr. Bawany’s election comes at a crucial time as the company continues to navigate the ever-evolving landscape of the insurance sector. His leadership is expected to bring a fresh perspective to the board, aligning with the company’s long-term goals and objectives.

According to information available from the Pakistan Stock Exchange (PSX), Reliance Insurance operates within the financial services category. The company’s recent activities and decisions are closely monitored by investors and stakeholders within this sector.

Reliance Insurance Company Limited has urged the certificate holders of the exchange to be informed of this significant development. The company remains committed to maintaining transparency and open communication with its stakeholders as it embarks on this new chapter under Mr. Bawany’s chairmanship.