About Us

Adamjee Insurance Company Limited

Adamjee Insurance Company Limited (AICL) is one of the largest general insurance companies in Pakistan, incorporated as a Public Limited Company on September 28, 1960 and is listed on Pakistan Stock Exchange Limited. AICL has a unique advantage of having regional presence in United Arab Emirates (UAE) and maintains its standing through an unwavering commitment to its corporate philosophy. AICL’s competitive advantage is achieved by a combination of having the largest paid-up capital and reserves, and a well-diversified business portfolio.

A Truly Dynamic Business Setting
AICL aims to deliver innovative customer solutions, owing to its wide-ranging line of products. Its employees are dedicated to performing their best for its valued customers, trained with all the skills necessary for a truly outstanding customer service. The Company’s focus on strengthening and expanding its global presence is reflected in its tapping the growth potential available in the UAE market. AICL in collaboration with Hollard International, a South African company, has life assurance operations under a separate entity namely, Adamjee Life Assurance Company Limited.

Delivering Value to Customers
Adamjee Insurance is broadly involved in underwriting the following classes of business:
• Fire and Property
• Marine Aviation and Transport
• Motor
• Accident & Health
• Miscellaneous Insurance

As a pioneer in the coverage of Oil & Gas (upstream & midstream), Wind and Thermal Energy Risks, AICL has successfully assumed the role of the leading player in Pakistan’s insurance industry. The Company has also managed to secure business being brought in by foreign investors entering Pakistan to execute construction or infrastructure development projects. AICL’s confidence lies in the large number of banking and financial sector clients that AICL insures. Some of AICL’s high risk-value projects include risk-coverage provision to Petrochemical Factories and Industrial Risk projects. AICL also specializes in insuring Engineering and Telecom concerns. Alternatively, AICL serves Pakistan’s primary industry by providing coverage to the Textile and Sugar sectors. AICL is proud to be the premier insurer of Kidnap & Ransom, Professional Indemnity, Product Liability and other specialized lines in Pakistan.

A wide range of Shariah-compliant Takaful Products are also offered through AICL’s top-of-the-line Window Takaful Operations, serving customers from all walks of life, on a much larger scale.

AICL’s customer-centric approach drives it forward in customer care. The Company’s financial strength allows the timely remuneration and settlement of heſty claims. A competent team of professionals works tirelessly to ensure comprehensive customer satisfaction and a 24/7 dedicated customer care call center (0800-00-242) is always on call.

Profile of the Company


Our will is to Explore, Innovate and Differentiate.

Our passion is to provide leadership
to insurance industry.


• Integrity
• Humility
• Fun at the Workplace
• Corporate Social Responsibility

Status of the Company

Public Limited Company

Company Registration Number


National Tax Number


Registered Office

Adamjee Insurance Company Limited
4th Floor, Tanveer Building, 27 C-III, M M Alam Road, Gulberg-III, Lahore.
Phone: +92 42 35772960-79
Email: info@adamjeeinsurance.com

Details of offices

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Board of Directors

Board of Directors has elected in Extra Ordinary General Meeting - EOGM of the Company on May 28, 2016

Umer Mansha


Umer Mansha has been the Chief Executive of Nishat Mills Ltd. since September, 2007. He is a Director of MCB Bank Ltd. and also the member of the Risk Management & Portfolio Review Committee and a Chairman of the Business Strategy & Development Committee and Physical Planning and Contingency Arrangements of the Bank. Umer Mansha completed his education from Babson College, Boston, USA. He also serves as the Director of Nishat Dairy (Pvt.) Ltd., Nishat Developers (Pvt.) Ltd., Nishat Agriculture Farming (Pvt.) Ltd., Nishat Farm Supplies (Pvt.) Ltd., Nishat Hotels & Properties Ltd. and Hyundai Nishat Motor (Private) Limited. He is currently the CEO of Adamjee Life Assurance Company Limited.

Mohammad Arif Hameed


Mr. Mohammad Arif Hameed is a former Managing Director of Sui Northern Gas Pipelines Ltd., a company he served for 37 years. He has vast managerial experience in Gas Distribution, Sales, Billing, Logistics Support, Procurement, and Legal. He has served as Director on the Boards of Sui Southern Gas Company Ltd., Inter State Gas System (Pvt.) Ltd., Petroleum Institute of Pakistan and LU MS. Presently he is serving as Director on the Board of DG Khan Cement Limited. He is a Mechanical Engineer by profession, and is registered with the Pakistan Engineering Council (PEC). Mr. Hameed also holds a Masters i n Administrative Sciences degree and is a Law Graduate from University of the Punjab, Lahore.

Ibrahim Shamsi


Ibrahim Shamsi is the Chief Executive of Aladin Water & Amusement Park, Karachi and Joyland, Lahore and is also the Chairman of Cotton Web (Pvt.) Ltd. He is involved in social services as trustee of Jamiat-e-Taleem ul Quran and has served on the editorial board of college and university publications. Ibrahim earned his MBA from the Lahore University of Management Sciences (LUMS). He serves as the Director of Joyland (Pvt.) Ltd., Dupak Developers Pakistan (Pvt.) Ltd., Siddiqsons Ltd., Siddiqsons Tin Plate Ltd., Siddiqsons Energy Ltd., A.A. Joyland (Pvt.) Ltd. and Dupak Tameer Ltd.

Imran Maqbool


Imran Maqbool serves as the President & Chief Executive Officer of MCB Bank Limited. He is a seasoned professional with over three decades of diverse banking experience. Before taking on the CEO position, he was Head of Commercial Branch Banking Group where he successfully managed the largest group of the Bank in terms of market diversity, size of workforce, number of branches on a country-wide basis and diversified spectrum of products. In earlier roles, he worked as Head Wholesale Banking Group-North, Country Head MCB Sri Lanka, Group Head Special Assets Management and Islamic Banking. Prior to joining MCB Bank in 2002, Maqbool was associated with local banking operations of Bank of America and Citibank for more than seventeen years. He worked at various senior-management level positions in respective banks. He also serves as the Director in Pakistan Tobacco Company Limited, MNET Services (Pvt.) Limited, MCB Financial Services Limited and as a trustee of MCB Employees Foundation. Imran Maqbool holds an MBA degree from the Institute of Business Administration (IBA) Karachi and MS in Management from MIT Sloan School of Management, Massachusetts, USA.

Muhammad Anees


Muhammad Anees is a leading businessman/industrialist who is highly regarded in the business community. He belongs to a respectable Khawaja family of Multan which has been in business for more than 100 years. Muhammad Anees is a Director of Masood Spinning Ltd. since July, 2003. He is also a Member of the Board’s Audit Committee. He holds a Master’s degree in Business Administration with a specialization in Marketing from Bahauddin Zakaria University, Multan. He went on to attend the London School of Economics for additional courses. He is involved with the development of the Group’s textile operations, particularly the procurement of cotton, yarn, machinery and other assets. Having good experience in sales promotion, he also promoted Group’s products in the local as well as international markets. He remained the President of Multan Chamber of Commerce & Industry as well as D.G. Khan Chamber of Commerce & Industry and was also the Chairman of All Pakistan Bed sheets & Upholstery Association plus Senior Vice Chairman of All Pakistan Textile Mills Association for the period 2007 to 2009.

Muhammad Umar Virk


Muhammad Umar Virk is the Chairman of Hira Textile Mills Limited & Hira Terry Mills Ltd. He is a qualified and seasoned professional with over 30 years' experience in textile trade and industry. Umar founded Hira Textile Mills in 1995 by acquiring a spinning unit near Lahore. He successfully turned around this unit through skillful expansion and upgradation by setting up a new value-added towel manufacturing unit. Muhammad Umar Virk did his graduation in Textile Engineering in 1976.

Shaikh Muhammad Jawed


Shaikh Muhammad Jawed was the Director of Din Leather (Pvt.) Ltd. and has a vast experience in running a modern tannery. Due to his technical expertise, Din Leather has received several export performance awards, merits as well as best export performance trophies for the export of Finished Leather from Pakistan and the Company’s contribution is earning valuable foreign exchange for the country. Due to excellence in quality and supply, the Company has also received a Gold Medallion Award from the International Export Association, UK. Shaikh Muhammad Jawed has received technical education in Leather Technology from Leather Sellers College, UK. He also serves as a Director of Adamjee Life Assurance Company Ltd.

Muhammad Ali Zeb

Managing Director & Chief Executive Officer

Muhammad Ali Zeb is a fellow member of the Institute of Chartered Accountants of Pakistan and has over 22 years of diverse experience in the Manufacturing, Financial and Insurance sectors. He started his professional career from Nishat Mills in 1995 and joined Adamjee Insurance as Chief Financial Officer in 2005 where he was promoted to Executive Director Finance. He was appointed as Chief Executive Officer in 2008 and remained in this position until March, 2011. He has also served as the Chief Financial Officer at City School (Pvt.) Ltd. before rejoining Adamjee Insurance as the Chief Executive Officer in June 2013. He has served as the Chairman, Insurance Association of Pakistan in 2014. He also serves on the Boards of MCB Bank Ltd, Adamjee Life Assurance Company Ltd and Nishat Chunian Ltd.


Management Team

Muhammad Ali Zeb

Managing Director & Chief Executive Officer

Muhammad Ali Zeb is a fellow member of the Institute of Chartered Accountants of Pakistan and has over 22 years of diverse experience in the Manufacturing, Financial and Insurance sectors. He started his professional career from Nishat Mills in 1995 and joined Adamjee Insurance as Chief Financial Officer in 2005 where he was promoted to Executive Director Finance. He was appointed as Chief Executive Officer in 2008 and remained in this position until March, 2011. He has also served as the Chief Financial Officer at City School (Pvt.) Ltd. before rejoining Adamjee Insurance as the Chief Executive Officer in June 2013.

He has served as the Chairman, Insurance Association of Pakistan in 2014. He also serves on the Boards of MCB Bank Ltd,Adamjee Life Assurance Company Ltd and Nishat Chunian Ltd.

Muhammad Asim Nagi

Executive Director Finance & Chief Financial Officer

Muhammad Asim Nagi has over 20 years of experience in Accounts and Finance. He is an Economics graduate from University College London and is a qualified Chartered Accountant from the Institute of Chartered Accountants in England & Wales. Asim is also a member of the Institute of Chartered Accountants of Pakistan and a fellow of the Association of Chartered Certified Accountants in United Kingdom. He has worked with a number of organizations at the management level in the UK, including Ernst & UHY Hacker Young LLP in London. His experience in UK comprised assurance and transaction advisory, in particular, IPOs, stock exchange flotations & reverse takeovers. He has also worked with A.F. Ferguson & Co., Chartered Accountants and has headed the Internal Audit function at DH Corporation Limited. Asim has been with Adamjee Insurance Company Limited since November 2011 and is currently serving as the Executive Director Finance & Chief Financial Officer.

Adnan Ahmad Chaudhry

Executive Director Commercial

Adnan Ahmad Chaudhry has over 24 years of combined experience in Engineering, Manufacturing & Insurance sectors. He started his career in 1993 from Arden Engineering & Automation after which he moved to ALSTOM in 1995. He served as Senior Sales Engineer (Abu Dhabi Branch) at Al Hassan Group Companies in 2000 and as General Manager Sales & Operations as Classic Needs Pakistan (Pvt.) Ltd. from 2003. In 2008, Adnan joined Adamjee Insurance as the Head of Motor Department and became General Manager Operations in 2010. He is currently the Executive Director Commercial. He was also the Chairman Lahore Insurance Institute in 2015.

Asif Jabbar

Executive Director Technical

Asif Jabbar has over 24 years of insurance experience in the areas of Underwriting, Operations and Sales. He started his career in 1993 with Adamjee Insurance Company Limited where he held different leadership roles. In 2012 he moved to Marsh Operations in Pakistan with Unique Insurance Brokers as a Chief Operating Officer. As an insurance broker his areas of specialty were Energy and Downstream Property plus Business Interruption. In 2013 Asif rejoined Adamjee Insurance Company limited as an Executive Director Technical. He holds a Bachelor’s degree in Commerce and Economics and is an Associate of Chartered Insurance Institute, London. He is also a Chartered Insurer from Chartered Insurance Institute, London.

Muhammad Salim Iqbal

Executive Director Reinsurance

Muhammad Salim Iqbal has over 29 years of experience in the Insurance & Reinsurance sector. Salim started his career in 1987 from Wahidis Associates (Pvt.) Ltd. He then joined Adamjee Insurance in 1989 as Probationary Officer and was progressively promoted to the position of Deputy Chief Manager - Engineering Dept. in 1994, after which he joined Al-Dhafra Insurance Company, Abu Dhabi in 1995 as Manager Marine Aviation and Reinsurance. Salim returned to Pakistan in 2005 and joined New Jubilee Insurance Company as Head of Reinsurance. He later joined Adamjee Insurance Company Ltd. in 2006 as Deputy General Manager, Reinsurance. He moved on to IGI Insurance Limited in 2009 as Head of Underwriting and rejoined Adamjee Insurance in 2010 as General Manager Technical. Salim is currently serving as Executive Director Reinsurance. He is a Chartered Insurer and Life member of Pakistan Engineering Council.

Muhammad Salim Iqbal is a qualified engineer B.E. (Civil Engg.) and Fellow of Chartered Insurance Institute (FCII). He served as member of IAP’s Fire Section Committee & Engineering Insurance Sub-committee in 2009-10 and was also a member of Marine Technical Committee of Emirates Insurance Association from 1997 till 2005.



Board Committee

Audit Committee
• Muhammad Anees
• Ibrahim Shamsi
• Shaikh Muhammad Jawed
• Umer Mansha

Ethics, Human Resource and Remuneration Committee
• Muhammad Anees
• Ibrahim Shamsi
• Muhammad Ali Zeb
• Umer Mansha

Investment Committee
• Umer Mansha
• Imran Maqbool
• Muhammad Ali Zeb
• Muhammad Asim Nagi

Management Committees

Underwriting Committee
• Umer Mansha
• Muhammad Ali Zeb
• Asif Jabbarl

Claim Settlement Committee
• Muhammad Ali Zeb
• Muhammad Asim Nagi
• Syed Ameer Hasan Naqvi

Reinsurance & Coinsurance Committee
• Muhammad Ali Zeb
• Muhammad Salim Iqbal
• Asif Jabbar
• Adnan Ahmad Chaudhry

Risk Management & Compliance Committee
• Muhammad Ali Zeb
• Asif Jabbar
• Muhammad Asim Nagi
• Tameez ul Haque

Company Secretary
• Tameez-ul-Haque .


Shareholding Pattern

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Auditor of the Company

M/s. KPMG Taseer Hadi & Co. Chartered Accountants, Lahore


Legal Advisor

Jameel Khan

Quality Policy

The management and employees of Adamjee Insurance demonstrate commitment in satisfying customer needs for managing the risk assessment in General Insurance.In alignment with satisfaction of customer needs, processes are established to support the vision and values of the company. We use QMS-9001 as a tool to continually review and improve the effectiveness of our implemented systems. We regularly assess our processes and practices, to build on our relationship with all our stakeholders including customers, shareholders, strategic partners and employees.

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Health & Safety Policy

At AICL Health, Safety and Environmental (HSE) responsibilities are integral to the way the company operates. In carrying out all its activities, Management and all employees believe that good HSE performance contributes to business success. To realize this vision, employees work together to protect the quality of the environment and the health and safety of their colleagues, customers, and neighbors. The company aims to protect peoples’ health, and minimize any environmental impact that can occur during the performance of their job functions. The HSE policy follows all existing laws, regulations and amendments.

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Code of Conduct

The Board of Adamjee Insurance Company Ltd (the Company) has adopted a Code of Conduct (COC). The ‘COC’ defines acceptable and unacceptable behaviors. It shall be disseminated throughout the Company. The Company hereby requires directors and all its staff both executive staff and subordinate employees, the observance of the high conduct standards in the conduct of its business activities. All employees must well understand and meet the standards of professional and personal integrity expected of them to protect and safeguard the reputation of the Company. Contravention of “COC” will be regarded as misconduct.

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Adamjee Window Takaful Operations