PROFILE OF COMPANY

NTN: 0710710-2
Registration No: 0000631
Date of Incorporation: November 02, 1953
Status of the Company: Public Interest Company (PIC)
Entity Rating: Long Term: AA, Short Term: A1+

IGI Holdings Limited – formerly IGI Insurance Limited, a Packages Group Company, is a public listed company and was incorporated in 1953. The Company is quoted on the Pakistan Stock Exchange Limited (PSX Symbol: IGIHL). The registered office and head office of the Company is situated at 7th floor, The Forum, Suite No. 701-713, G-20, Block 9, Khayaban-e-Jami, Clifton, Karachi. The Company also has presence in Lahore through its branch.

In accordance with the Schemes of Amalgamation and Arrangement sanctioned by the Honorable Sindh High Court on December 16, 2017, IGI Investment Bank Limited amalgamated into IGI Insurance Limited. Subsequent to the amalgamation, insurance business of IGI Insurance Limited was transferred to a wholly-owned subsidiary named IGI General Insurance Limited, while certain investments of IGI Insurance Limited were transferred to another wholly-owned subsidiary named IGI Investments (Private) Limited (“IGI Investments”) and IGI Insurance Limited was renamed as IGI Holdings Limited.

Accordingly, objects of IGI Holdings Limited now includes to act as an investment holding company and for that purpose invest, acquire, sell and hold the securities and financial instruments subject to compliance by relevant laws prevailing in Pakistan from time to time.

Head Office & Registered Office
Karachi Branch
7th Floor, The Forum,
Suite 701-713, G-20, Block 9,
Khayaban-e-Jami, Clifton,
Karachi – 75600, Pakistan.
Fax # +(92-21) 35301729
Phone # +(92)-021-111-308-308
Email: contact.center@igi.com.pk

OUR HISTORY

“IGI Insurance as ‘International General Insurance’ by Syed Maratib Ali.

In November 1953, IGI insurance was incorporated under the Companies Act 1913 as a Public Limited Company joint venture between Alliance PLC UK and the Ali Group – Alliance.

In 2004, IGI Insurance had acquired the Pakistan operations of “Royal and Sun Alliance (RSA) PLC., UK”.

In 2014, the company entered the high growth Life Insurance market by acquiring Met Life Alico’s (“American Life Insurance Company”) business operation in Pakistan, Now IGI Life Insurance Limited.

In 2017, The Honorable Sindh High Court sanctioned the Schemes of Amalgamation and Arrangement

In 2018, IGI Insurance Limited renamed as IGI Holdings Limited

 

1st January 1953
Commenced business – with a paid up capital of Rs. 1.0 million. The first fire policy was issued to Syed Babar Ali.
1953

Syed Maratib Ali was the first Chairman of IGI and Syed Babar Ali its first MD.

1964

1964 Alliance PLC as a corporate decision decided to pull out of the sub-continent as such the share of Alliance PLC was taken over by the Ali Group.

      1987

      Got listed on KSE & LSE.

      2001

      First General Insurance Company in Pakistan to obtain ISO 9002 certification.

      2004

      Acquired Royal and SunAlliance (RSA) PLC. UK operations.

      2006

      Acquired American Express Bank shareholding in IGI Investment Bank.

      2007

      Premiums exceed PKR 1 Billion.

      2007

      Name Change: International General Insurance to IGI.

      2008

      ISO 9001:2008 Certification

      2013

      Signing of Share Purchase Agreement (SPA) with Metlife, USA for acquisition of ALICO business in Pakistan.

      2013

      No 1 insurance company – in terms of Market Capitalization.

      2014

      In 2014, the company entered the high growth Life Insurance market by acquiring Met Life Alico’s (“American Life Insurance Company”) business operation in Pakistan, Now IGI Life Insurance Limited.

      2017

      The Honorable Sindh High Court sanctioned the Schemes of Amalgamation and Arrangement on December 16, 2017.

      2018

      IGI Insurance Limited renamed as IGI Holdings Limited