Board meeting of The Universal Insurance Company Limited will be held on August 29, 2015 (Pakistan Company News)
The Universal Insurance Company Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on August 29, 2015 at Rawalpindi. The agenda of the meeting is to consider un-audited accounts reviewed by auditors of the company for half year ended June 30, 2015.
Further, the company has declared close period from August 21, 2015 to August 29, 2015.
The announcement is available athttp:// www.kse.com.pk/notices-updates/detail2.php?0.41319752647541463&id=4&nid=068493
Universal Insurance Company Limited is a public limited company incorporated in Pakistan on May 9, 1958. The foundations of the company rely on the Companies Act, 1913 now referred to as Companies Ordinance, 1984. It is engaged in the business of non-life insurance business. The services of the company includes motor insurance, marine insurance, fire insurance, miscellaneous insurance, travel insurance and claim settlement procedures. The registered office of the company is located in Lahore. The stocks of the company are quoted on Karachi and Lahore Stock Exchange of Pakistan.
The company is a part of the Bibojee Group of Companies. The operations of the company started in 1960. The reinsurers of the company are Hanover Reinsurance Company of West Germany, Somitomo Marine and Fire Insurance Company of Japan, Korean Reinsurance Company of Korea and J.B Boda & company broker of Singapore.
This clientage of the company includes Textile/Spinning Mills, Flour Mills, Sports and Surgical Manufacturers, Garment Factories, Sugar Mills, Ghee Industries and various other industrial projects the number of which runs over fifteen thousand. The company is also on the approved panel of all the local and foreign Banks/Financial Institutions/Leasing Companies and Modarabas etc.
The symbol “UVIC” is being used by the stock exchange for the shares of Universal Insurance Company Limited.