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INSURANCE BUSINESS ACQUIRED - 2003-01-01

Date: 
Wednesday, 2003, January 1
Location: 

The Aga Khan Fund for Economic Development and NJI had also purchased the controlling shares of 63.4 per cent held by CGU International Insurance, PLc in Commercial Union Life Assurance Company (Pakistan) (CULAP).

person_place_reference: 
H.H. Prince Karim Aga Khan IV


Recent Articles

Aga Khan to help revitalize Kabul area - 2003-01-01

Source: 
www.dawn.com/2003/01/02/ebr9.htm

New Jubilee Insurance (NJI) Company Limited announced on Wednesday that it had acquired the general insurance business of Commercial Union in Pakistan effective Jan 1, 2003.A company press release quoted Masood Noorani, MD NJI as saying: 'This is the first time that the business of a prominent foreign insurer has been acquired by a Pakistani insurance company and is a proud achievement for the company as it celebrates its 50 years of successful operation in 2003'. The company stated that it was the pioneer and market leader in Health Insurance business in the country.

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News ArticleAga Khan to help revitalize Kabul area - 2003-01-01 www.dawn.com/2003/01/02/ebr9.htm

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