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Alpha Insurance
Company Limited
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A Subsidiary of State Life Insurance Corporation of Pakistan
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National Tax No. : 0709605-4
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Registration No. : (959 of 1951-52) 0000559
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Alpha Insurance Company Limited is one of the oldest and financially sound general insurance companies operating in Pakistan. We have the honour of having our Chairman prominent Pakistanis like Mr. Yusuf A. Haroon, Mr. H.B. Tayabji and Mr. Y.N. Chinoy. It underwrites all classes of general insurance business including Health and Accident and is a member of Insurance Association of Pakistan.
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Alpha was incorporated in the year 1951 and is a Subsidiary of State Life Insurance Corporation of Pakistan which owns approximate 94% of its shareholdings. Alpha in its own right is one of the leading general insurance companies and enjoys very good reputation for providing excellent services to its clients with prompt settlement of claims.
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| The present Board of Directors
is as under: |
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| Mr. Ghufran Memon |
Chairman |
| Mr. Ajaz Ali Khan |
Managing Director |
| Mr. Jamil Anwar |
Director |
| Mr. Mushtaq Ahmed Shah |
Director |
| Mr. Muhammad Rashid |
Director |
| Mr. Mushtaq Ahmad |
Director |
| Mr. Fazal -ur- Rehman |
Director |
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| Some of the salient financials of Alpha are as follows: |
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| Paid up Capital |
403 million |
| Retained Earnings & Reserves 2016 |
216 million |
| Gross Premium 2016 |
151 million |
| General Investment & Bank Balance 2016 |
733 million |
| Total Assets 2016 |
1106 million |
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| Alpha has excellent reinsurance treaties for Fire, Marine, Miscellaneous, Bonds and Engineering Risks with the following reputed world class Re-insurers: |
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| M/S Pak Re (PRCL) |
| M/S Luban Re |
| M/S Saudi Re |
| M/S Emirates Re |
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| Alpha Insurance Company Limited also has special treaty arrangement of Terrorism and Marine Hull. |
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| M/S JCR-VIS Credit Rating Company has rated Alpha as “A” category company with “Stable Outlook”. |
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Urdu Versrion
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