The Board was deeply grieved on
the untimely demise of its Chairman Mr. Shaukat R. Mirza who had
rendered valuable services to the Country. The Company had greatly
benefited from his leadership. The Board wishes to record its
profound appreciation of the contribution made by Mr. Mirza as
Chairman of the Company.
Mr. Munnawar Hamid, OBE has joined
the Board as the new Chairman. He brings with him long and rich
experience of the corporate sector in his capacity as head of ICI.
The Board extends warm welcome to the new Chairman and hopes that
the Company would continue to grow under his chairmanship.
The shareholders are requested to
appoint auditors for the year 2002 and fix their remuneration. The
present auditors Messrs. Ford, Rhodes, Robson, Morrow, Chartered
Accountants, retire and offer themselves for re-appointment.
NEW BRANCH AT FAISALABAD
During the year the Company extended the area of
its operations by opening a new branch at Faisalabad.
ISO 9002 CERTIFICATION
The Directors are pleased to
inform that the Company has achieved ISO 9002 certification from SGS
Malaysia Sdn. Bhd., in July 2001. IGI was the FIRST general
insurance Company operating in Pakistan, which has achieved this
certification for its entire operations.
GENERAL
We appreciate the continued trust
of our clients in the Company and value their patronage. We take
this opportunity to thank the Securities and Exchange Commission of
Pakistan (SECP), all Re-Insurance Companies, including the Pakistan
Reinsurance Company Limited, and the Bankers for their support.
The Directors are pleased to place
on record their appreciation of the valuable services rendered by
the employees in maintaining the record of high performance of the
Company.
PATTERN OF SHAREHOLDING
A statement showing the pattern of shareholding is
attached with this report.
For and on behalf of the Board
