Karachi: Habib Insurance Company Limited has announced a significant change in its leadership structure, following a resolution passed by the company’s Board of Directors. According to the official statement dated December 3, 2025, the current Chief Executive Officer, Syed Ather Abbas, has resigned from his position. In his stead, Mr. Murtaza Hussain, who has been serving as the Chief Financial Officer, has been appointed as the new Chief Executive Officer. These changes took effect on December 2, 2025.

The company has yet to announce a replacement for the Chief Financial Officer position, which will be addressed in due course. This transition marks a pivotal moment for Habib Insurance as it navigates these managerial shifts.

According to information available from the Pakistan Stock Exchange (PSX), the market has been closely monitoring such developments within the designated market category. The company’s stakeholders, including certificate holders, have been duly informed of these changes as per the company’s communication protocol.