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Article: New Jubilee Insurance Company Limited.(COMPANY PROFILE)(Company overview)
- Article from:
- Economic Review
- Article date:
- January 1, 2009
CopyrightCOPYRIGHT 2009 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Established in 1953, NJI is one of the most reputable and brightest name in the insurance sector. NJI ranks among the "Big Three" Pakistani insurers in terms of gross direct premium and financial base. Major shareholders include Aga Khan Fund for Economic Development, Habib Bank Limited and Hashoo Group.
In 2003, NJI became the first Pakistani insurance company to acquire a foreign company when it took over the Pakistan operations of Commercial General Union. Together with AKFED, NJI also acquired majority control of CU Life Assurance Company of Pakistan Ltd.
NJI is the only company to secure and sustain an Insurer Financial Strength Rating of "AA" both ...