Pakistan Company News

Board of Directors meeting of Jubilee General Insurance Company Limited

Karachi, Jubilee General Insurance Company Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on April 23, 2019 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March 31, 2019.

Further, the company has declared the closed period from April 16, 2019 to April 23, 2019.

“Jubilee General Insurance Company Limited was incorporated in 1953. The branch network of the company is located in all the major cities and towns of Pakistan. The relationship of the company is renowned internationally with reinsurers such as Swiss Re, Munich Re, Lloyds, Hannover Re and Mitsui Sumitomo Re. The company is also supported by internationally acclaimed reinsurance brokers including AON Group, Willis, Marsh and UIB. In 2003 the company took control over a foreign country within Pakistan operations of Commercial General Union. It later acquired majority control of CU Life Assurance Company of Pakistan Ltd. The company is listed on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The head office of the company is located in Karachi.

The product range of the company in general insurance includes fire, marine, motor, engineering, health and general accidents. The company is also associated with providing risk coverage and risk management related services. Auto financing, personal loans, mortgages, plastic cards and trade finance, capital investment finance are customized solutions for securing entire operations of the company. Jubilee group health insurance includes services for national and multinational corporations including pharmaceuticals, chemical, textile, cement, hotels, oil and energy, manufacturing, fast moving consumer goods, banking and financial sectors.

The symbol “JCICL” is being used by the stock exchange for the shares of Jubilee General Insurance Company Limited.”