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Jubilee Life Insurance
Jubilee Insurance is a brand used by Pakistani general and life insurance companies headquartered in Karachi. The two companies are subsidiaries of Swiss for-profit organization Aga Khan Fund for Economic Development. , Jubilee Life was the largest private-sector insurance company in Pakistan. It is also the most awarded insurance company in Pakistan. History Jubilee Insurance was incorporated as New Jubilee Insurance Company Limited by the Fancy family in May 1953. In 1955, it was listed on the Karachi Stock Exchange. The life insurance business was nationalised in 1972 and later Fancy family sold it to the Hashwani family. In 2002, the Aga Khan Fund for Economic Development acquired the Pakistani operations of CGU International Insurance plc. CGU International Insurance founded life insurance business in Pakistan in 1995. In 2011, New Jubilee Insurance was renamed as Jubilee Insurance. In 2015, Jubilee entered the Takaful Takaful (, sometimes translated as "solidarity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalization, nationalised concer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EFU Group
EFU Insurance, originally Eastern Federal Union Insurance Company Limited, is a Pakistan based insurance company. It was the first insurance company in India founded in 1932, owned by the Muslims based in Calcutta. After the partition of India, the company moved to Pakistan and operated in East Pakistan and West Pakistan. The company ceased to exist in East Pakistan after it became Bangladesh in 1971. History It was the first insurance company in India owned and run by Muslims targeted for the Muslim populace. Abdur Rahman Siddiqui of Surat and Khonkar Fazle Haider of Murshidabad district were the company's founders. Siddiqui and Haider executed a “memorandum of understanding” in 1931 with one of leading British insurance companies, the “Atlas” and Messrs. B.M. Collins, Lloyds brokers. The company was incorporated on 2 September 1932 in Calcutta with E.N. Menhinick, a senior manager of Atlas as the first chief executive officer of the company.The main objective of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |