Pakistan

Pakistan Reinsurance Company Limited

An EMIS Company Report EMIS is a Euromoney Institutional Investor plc company USD 29.95 Industry: Insurance Carriers Available in: English Format: PDF Download Most recent financial data: 2016 Buy full report

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Contact Information

Legal Address
Prc Towers, 32-A,Lalazar Drive,M.T. Khan Road
Karachi; Sindh; Map
Postal Code: 4777

Tel: +92-219920,+92-219920
Fax: +92-219920

Email:
@pakre.org.pk

Website:
http://www.pakre.org.pk

Company Description
PRCL was established in 1952 as Pakistan Insurance Corporation under PIC Act 1952 in order to support local insurance industry. Since then it has managed National Insurance Fund (NIF), National Coinsurance Scheme (NCS), War Risks Insurance (WRI) and Export Credit Guarantee Scheme (ECGS) providing help in difference forms to the insurance as well as business community.

In the year 2000, the President of Islamic Republic of Pakistan was pleased to make and promulgate the Insurance Ordinance No.XXXIX of 2000 and Pakistan Insurance Corporation (Reorganization) Ordinance No.XXXVI of 2000 to provide for conversion of Pakistan Insurance Corporation into Pakistan Reinsurance Company Limited.

PRCL was incorporated as a public limited company on 30th March, 2000 with the name of “Pakistan Reinsurance Company Limited”.

The company was formed with a view to take over all assets and liabilities of Pakistan Insurance Corporation. Accordingly, it has taken over assets and liabilities of PIC on 15th February 2001 in pursuance of Ministry of Commerce SRO No.98(1)/2000 dated 14-2-2001 which was issued under President Ordinance No.XXXVI of 2000.
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