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Profile of Company

NTN:0710710-2 / Reg: K-110/14257

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.

 

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

General Insurance

Head quartered in Karachi, IGI General is a leading general insurance service provider in Pakistan. It is a flagship organization of ‘The Packages Group’. Rated ‘AA’ by Pakistan Credit Rating Agency (PACRA).

» Visit the IGI General Insurance website
Securities

IGI Securities is a prestigious name in Pakistan’s brokerage industry, setting the tone of integrity, insight, innovation and highest level of ethical standards amongst the investment circles. The Company offers Equities, Commodities & Fixed Income brokerage service as well as Fundamental and Technical Research to local & foreign institutions and retail clientele.

» Visit the IGI Securities website
Life Insurance

IGI Life Insurance (Formerly American Life Insurance Company Pakistan Ltd.) marks entry of IGI Financial Services in to Life Insurance arena through acquisition of controlling shares in MetLife Alico Pakistan in April 2014. IGI Life is a leading provider of Life Insurance, Accident & Health Insurance and Employee Benefits Solutions.

» Visit the IGI Life Insurance website
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© Copyright 2018 IGI Holdings Limited (Formerly IGI Insurance Limited). All rights reserved. Last updated August 29, 2018