Asia Pacific General Insurance Company Limited: ASIAPACINS

Asia Pacific General Insurance Company Limited is one of the third generation private sector’s Non-Life Insurance Company in Bangladesh and was established & incorporated as a Public Limited Company on November 17, 1999. The Company obtains registration from Insurance Development and regularity Authority (Former Chief Controller of Insurance) on May 4, 2000 and started business operation in the middle of 2000 A.D. with a view to provide maximum security at a minimum cost and prompt settlement of claims to its Clients.

Mr. AHM Mustafa Kamal, FCA, MP., the Founder Chairman formed the Company along with some other distinguished entrepreneurs with a paid up capital of Tk. 7.5 crore. Mr. AHM Mustafa Kamal, FCA, MP acted as the Chairman of the Company from 2000 to 2010 and thereafter, Mr. Aftab ul Islam, FCA a renowned business personality was unanimously elected as the Chairman and leading the Company till to date.

The current authorized capital of the Company is Tk. 1000 million with paid up capital of Tk. 423 million. The Company open branches in almost all the renowned business centers in Dhaka city and other districts of the Country and established a network all over the country to provide prompt services to wider group of clientele to their best satisfaction.

The Company has extensive Re-insurance treaty agreement up to any amount with Shadharan Bima Corporation (SBC) through surplus, CAT XL and facultative Re-insurance treaty. Under these agreement the Company are in position to underwrite any amount of business with confidence to meet the various needs of its valued Clients.

Settlement of Claims is the prime object of the Company. Prompt settlement of claims is avowed motto under which the Company became a symbol of trust and security through efficient and dedicated services to its insured and stakeholders. Normally the Company settles claims within a shortest possible time subject to received of required documents and assessment from the surveyors.

Summary of Legal Formation of the Company:

Legal Form : Public Limited Company

Nature of Business : All kinds of Non-life Insurance Business

Certificate of Incorporation : C-39092(1050)/99, dated 17/11/1999.

Certificate of Commencement : 17/11/1999.

Company Registration No : CCI-13/28/99-809 & IDRA-CRR-44/2011.

Public Issue : August 25, 2005

Listed with Dhaka Stock Exchange : January 08, 2006

Listed with Chittagong Stock Exchange : Octorber 10, 2005

Stock Market Category : “A”

Authorized Capital : 100, 00, 00,000/- (100 Crore)

Paid-up Capital : 42, 35, 00,000/- (42.35 Crore)

Tax Payer’s Identification Number (TIN) : 720880658798

VAT Registration Number : 19071026422