Karachi, Universal Insurance Company Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 08, 2019 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2018.
Further, the company has declared the closed period from April 01, 2019 to April 08, 2019.
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.
