SECP Shuts Down United Insurance’s Guarantee Business Over Rs2.2B Non-Encashment
The Securities and Exchange Commission of Pakistan has ceased the guarantee business of The United Insurance Company of Pakistan Limited through direction issued on May 20, 2025, under section 60 of the Insurance Ordinance, 2000.
Mehfooz
United Insurance to undertaking whole control of SPI Insurance
The Sindh High Court has sanctioned the scheme of merger, transferring the entire undertaking and business of M/s SPI Insurance Company Limited to and vested in the United Insurance Company of Pakistan.
Adil Aziz
President directs reimbursement of 57,172 AUD health insurance claim to a citizen
President Dr Arif Alvi has upheld the decision of the Federal Insurance Ombudsman (FIO) directing an insurance company to reimburse the full health insurance amount of 57,172 Australian Dollars (AUD) to a citizen, who had been denied the insured amount on flimsy grounds, within 30 days. The complainant (Fahad Mahmood) had obtained a Worldwide Travel…