About Us

Corporate Profile

Alpha Insurance Company Limited is one of the oldest and financially sound general insurance companies operating in Pakistan. We have the honour of having our Chairman prominent Pakistanis like Mr. Yusuf A. Haroon, Mr. H.B. Tayabji and Mr. Y.N. Chinoy. It underwrites all classes of general insurance business including Health and Accident and is a member of Insurance Association of Pakistan.

Alpha was incorporated in the year 1951 and is a Subsidiary of State Life Insurance Corporation of Pakistan which owns more than 95% of its shareholdings. Alpha in its own right is one of the leading general insurance companies and enjoys very good reputation for providing excellent services to its clients with prompt settlement of claims.

Following are the Members of the Board and the Chief Executive Officer:
Mr. Tariq Ikram                                    Chairman/Director
Dr. Lubna Ayub                                     Director
Mr. Faisal Mumtaz                                Director
Mr. Muhammad Amjad                       Director
Mr. Syed Shahnawaz Nadir                 Director
Ms. Rafat Sultana                                  Director
Dr. Syed Arif Hussain                           Chief Executive Officer

Some of the salient financials of Alpha are as follows:

Rupees in Million     

Alpha has excellent reinsurance treaties for Fire, Marine, Miscellaneous, Bonds and Engineering Risks with the following reputed world class Re-insurers:

1. M/s. Ocean International Reinsurance Co. Ltd.
2. M/s. Best Meridian International Insurance Company
3. M/s. Labuan Reinsurance
4. M/s. MISR Insurance Company
5. M/s. Saudi Reinsurance Company
6. M/s. Tunisian Reinsurance Company
7. M/s. Pakistan Re-Insurance Company Limited

For Retakaful Operator:

1. M/s. Pakistan Re-Insurance Company Limited – WTO
2. M/s. Kenya Reinsurance Corp Ltd. WTO
3. M/s. Tunis Retakaful Window

M/S JCR-VIS Credit Rating Company has rated Alpha as “A” category company with “Stable” Outlook.

National Tax No. : 0709605-4.

Registration No. : (959 of 1951-52) 0000559

Corporate Setup

BOARD OF DIRECTORS

Mr. Tariq Ikram                                  Independent Director/Chairman
Mr. Faisal Mumtaz                             Director
Mr. Muhammad Amjad                    Director
Mr. Syed Shahnawaz Nadir              Director
Dr. Lubna Ayub                                  Director

Chief Executive Officer

Dr. Syed Arif Hussain

CHIEF FINANCIAL OFFICER / COMPANY SECRETARY

Muhammad Rashid

Board Committees:

– Audit, Procurement and Legal Committee

– Ethics, Human Resource, Remuneration, Nomination Committee

– Investment Committee

Management Committees:

– Underwriting, Reinsurance & Co-Insurance Committee

Claims Settlement Committee

Risk management, Compliance, and IT Steering Committee

MANAGEMENT

Dr. Syed Arif Hussain                                            Chief Executive Officer
Muhammad Rashid                                              CFO, Company Secretary
Mr. Khwaja Balighuddin                                       GM / Head of Operations
Mr. Liaqut Ali Qamar                                             Head of HR & Administration, Law & IT
Mr. Umair Sattar Abro                                          Head of Compliance & Risk Management
Mr. Muhammad Shahbaz                                    Chief Internal Auditor (Acting)

Window Takaful Operations (WTOs)

Mr. Muhamad Nadir                                             Head Of Takaful

MARKETING TEAM

Mr. Mohammad Reyaz Ahmed                             Branch Head, Main Branch – Karachi
Mr. Muhammad Abbas                                           Branch Head – Karachi South Division
Mr. Azmat Ullah Sheikh                                         Branch Head, Central Branch – Karachi
Mr. Salman Khan                                                     Branch Head, State Life Square Branch – Karachi
Mr. Ali Asghar Vakil                                                Branch Head Corporate Branch – Karachi
Mr. Abdul Qadus Mirza                                          Karachi Eastern Branch – Karachi
Mr. Najam Ul Hassan                                             Branch Head, Bank Square Branch – Lahore
Mr. Babar Shahzad                                                  Branch Head – Multan
Mr. Abdul Sattar Javed                                           Branch Head – Faisalabad
Mr. Syed Amir Raza                                                Branch Head – Islamabad
Mr. Javed Iqbal Chauhdhry                                   Branch Head – Rawalpindi

AUDITORS

M/s Grant Thornton Anjum Rahman & Chartered Accountants

LEGAL ADVISOR

M/s Sajids Law Associates

TAX CONSULTANT

M/s. EY Ford Rhodes, Chartered Accountants

BANKERS

United Bank Limited
Allied Bank Limited
JS Bank Limited
MCB Limited
National Bank of Pakistan
Soneri Bank Limited
Meezan Bank Limited

RE-INSURERS

M/s. Ocean International Reinsurance Company
M/s. Pakistan Re-Insurance Company Limited
M/s. Labuan Reinsurance (L) Ltd
M/s. Saudi Reinsurance Company