Pakistan Company News – Board of directors meeting of Universal Insurance Company Limited

Board of directors meeting of Universal Insurance Company Limited

Karachi, Universal Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 29, 2017 at Rawalpindi. The agenda of the meeting will to consider the allot Accounts for the period ended November 28, 2017.

Further, the company has declared the closed period from November 28, 2017 to December 04, 2017

Universal Insurance Company Limited is a public limited company incorporated in Pakistan on May 9, 1958. The foundations of the company rely on the Companies Act, 1913 now referred to as Companies Ordinance, 1984. It is engaged in the business of non-life insurance business. The services of the company includes motor insurance, marine insurance, fire insurance, miscellaneous insurance, travel insurance and claim settlement procedures. The registered office of the company is located in Lahore. The stocks of the company are quoted on Karachi and Lahore Stock Exchange of Pakistan.

The company is a part of the Bibojee Group of Companies. The operations of the company started in 1960. The reinsurers of the company are Hanover Reinsurance Company of West Germany, Somitomo Marine and Fire Insurance Company of Japan, Korean Reinsurance Company of Korea and J.B Boda & company broker of Singapore.

This clientage of the company includes Textile/Spinning Mills, Flour Mills, Sports and Surgical Manufacturers, Garment Factories, Sugar Mills, Ghee Industries and various other industrial projects the number of which runs over fifteen thousand. The company is also on the approved panel of all the local and foreign Banks/Financial Institutions/Leasing Companies and Modarabas etc.

The symbol “UVIC” is being used by the stock exchange for the shares of Universal Insurance Company Limited.