Karachi, Premier Insurance Limited informed Pakistan Stock Exchange that Mr. Nadeem Maqbool Director has been appointed as Chief Executive Officer of the Company in place of Mr. Zahid Bashir (Late) subject to approval of the Securities and Exchange Commission of Pakistan under the Insurance Companies Regulations, 2012. Mr. Nadeem Maqbool will join as Chief Executive Officer once the approval is granted by the SECP, which will be intimated to the exchange accordingly.
Premier Insurance Limited was incorporated in Pakistan in May, 1952 as a public limited company. The operations of the business are related to general insurance. The registered office of the business is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.
The products of the company includes property insurance, motor insurance, miscellaneous insurance, marine insurance, engineering insurance, shop owners insurance, group health insurance and specialized insurance.
The symbol “PINL” is being used by the stock exchanges for the shares of Premier Insurance Limited.