The Pakistan General Insurance Company Limited (Pakistan)

Two months after the Independence of Pakistan, in October 1947 a group of well renowned and highly motivated Muslim League party members established The Pakistan Life and General Insurance Company. The organization was the first insurance company to be incorporated in Pakistan.
In 1972, the Government of Pakistan nationalized various financial sectors including Life Insurance; thus the life sector was separated from The Pakistan Life and General Insurance Company. The conglomerate’s name was thus changed to The Pakistan General Insurance Company Ltd.
In 1988, the majority shares of The Pakistan General Insurance Co. Ltd were bought by Mr. Ch. Zahoor Ahmad. Mr. Ahmad, with an experience of over 39 years in the sector, has been a pioneer in the development of the Pakistani insurance industry. He currently holds the designation of the chief executive officer. The Insurance ‘Guru’ has also worked in the senior management of various insurance companies and the insurance association of Pakistan.
The organization, under the leadership of Mr. Ahmad, has gone through various phases of development which includes setting up of a nation wide branch network, business development with world class reinsurers, electronic branch linkage, and introduction of sophisticated IT insurance software and so on.
In 1995 the shares of The Pakistan General Insurance Co. Ltd were formally floated on stock exchange. Currently the organization is enlisted on all the Stock Exchanges of Pakistan and providing cover to the great nation of Pakistan in all general classes of insurance.