The Company was founded in 1934 by Dr. Sir Muhammad Iqbal, Hakeem-ul-Ummat, and is one of the oldest insurance companies of Pakistan. The Company was taken over by the Atlas Group in 1980. The Company has made steady progress since its acquisition by the Atlas Group.
This insurance provides coverage against legal liability to pay for death and /or bodily injury and /or direct damage to the property of any third party , arising due to accident caused by Insured’s business activities.
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Mr. Mohammad Habib-ur-Rahman, a chartered accountant from the Institute of Chartered Accountants in England & Wales has over 50 years of corporate management experience in the financial and manufacturing sectors. He formerly worked with National Investment Trust Limited as General Manager of Finance and Investment, Atlas Honda Limited as executive director, ABAMCO Limited as chief executive, and Atlas Asset Management Limited as chief executive.
He is a member of the Atlas Group Advisory Board and is responsible for the preparation of the Group strategy plan. Mr. Habib-ur-Rahman has acted as Securities and Exchange Commission of Pakistan (SECP) nominee director on the Board of Karachi Stock Exchange in 2000, 2001 & 2003. He has also been a member of the Advisory Group on Capital Market constituted by SECP. He was a member of the Enquiry Committee constituted by SECP to enquire about the management of exposure rules and another Enquiry Committee to study the 2008 Financial Crisis.
Mr. Habib-ur-Rahman has contributed to the formation and development of the Mutual Funds Association of Pakistan, a trade body representing asset management companies in Pakistan, and represented the association in international conferences. Mr. Habib-ur-Rahman has represented the association as director, chairman, and chairman of the taxation committee.
Mr. Iftikhar H. Shirazi graduated with a Bachelor of Science in Finance from Notre Dame De Namur University (formerly College of Notre Dame), USA, and completed his OPM from Harvard Business School, USA. He has over 30 years of corporate management experience, particularly in the financial and trading sectors. He has to his credit, work experience at the Bank of Tokyo-Mitsubishi, Yamaichi Securities, and Toyota Tsusho Corporation.
He is currently Chairman of Shirazi Investments (Pvt) Limited, Atlas Asset Management Limited, Atlas Insurance Limited, Shirazi Trading Company (Private) Limited, Atlas Foundation, and Atlas Information Technology Resource Centre. He is also a member of the SAARC Chamber of Commerce & Industry, Karachi Chamber of Commerce & Industry (KCCI), and Pakistan Japan Business Forum. He is also serving on the Board of Forman Christian College, Ghulam Ishaq Khan Institute of Engineering Science and Technology, the British Overseas Association, and the Employers Federation of Pakistan. He was also a member of the Aga Khan Resource Development Committee and a life member of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI). He has also served the Management Association of Pakistan as their Vice President.
He also enjoys membership in several other prestigious associations that include, Harvard Club of New York and Pakistan, Young Presidents Organization, Aitchison College Old Boys Association, Government College of Commerce & Economics Old Students Association and English Speaking Union. He was also President of the International Club, Notre Dame De Namur University (formerly College of Notre Dame), USA.
Mr. Ali H. Shirazi graduated with a BA from Yale University, the USA in 2000 and thereafter completed his Masters in Law from Bristol University, the UK in 2005. During this period he worked for the Bank of Tokyo-Mitsubishi in New York as well as American Honda in Torrance, California. He is the Group Director of Financial Services and President / Chief Executive of Atlas Battery Limited. He serves on the Board of Atlas Asset Management Limited, Shirazi Investments (Pvt.) Limited, Shirazi Trading (Private) Limited, Atlas Foundation, National Management Foundation (sponsoring body of LUMS), Cherat Packaging Limited, Young President Organization-Pakistan (YPO), and Pakistan Society for Training and Development (President). Previously he has also served on the Board of the National Clearing Company of Pakistan Limited (NCCPL).
He is a ‘Certified Director’ from the Pakistan Institute of Corporate Governance and in 2018 completed the Owner / President Management Program (OPM) at Harvard Business School.
Mrs. Roohi Raees Khan is an MBA from IBA, Karachi. She completed her B.A. (Economics & Mathematics) from Punjab University. She has over 36 years of experience in various banking segments like Development Banking, Lease Financing, Housing Finance, SME Financing, Islamic Banking, Investment Banking, etc. She has about 20 years of experience at the senior management level, as well as Chief Executive and Chief Operating Officer and Director on the Boards of various Financial Institutions having dealt with policy-making, strategic planning, systems refinement, implementation of control functions, revamping/restructuring, and mergers. She has dealt with international lending Institutions like World Bank, Asian Development Bank, Islamic Development Bank, and other multilateral lenders. She represented NDFC in the successful negotiation, of a credit line to the financial sector, from Asian Development Bank.
Mrs. Khan is the Chairperson of SNGPL and has served on the Boards of Asian Leasing, Lahore Stock Exchange, International Housing Finance Limited, Mashreq Bank (now Samba Bank), PICIC, etc. She was also the Chairperson of an Investment Bank before it was merged with a local commercial Bank. She has also served at the senior management level in various organizations. She has been Group Head, of Textiles, in National Development Finance Corporation, Chief Executive Officer of Asian Leasing, and Chief Operating Officer of Trust Investment Bank and Zarai Taraqiati Bank Limited (ZTBL). She had also been acting President of ZTBL during 2011 / 2012 when she was instrumental in bringing about many changes with a positive impact on its profitability.
She has constantly devoted time over the past 30 years to various social sector institutions working for the betterment of downtrodden and deprived strata of society and is an advocate of improving the fate of the deprived mainly by catering to the basic right to health, education, and equal opportunity to all.
Mr. Babar Mirza is an MBA from the University of Glasgow, UK. He has over 20 years of experience in the insurance industry. He had associated with Habib Insurance as General Manager (from 1999 to 2009) and worked for Adamjee Insurance as Deputy General Manager of Reinsurance and Head of Claims between 2010 and 2013 before joining UBL Insurers as Chief Operating Officer in 2013. He was appointed Chief Executive Officer of UBL Insurers in 2014 and spent around four (4) years in that position before joining Atlas Insurance Limited in April 2018.
Mr. Rahim is an accomplished professional who has over 30 years of domestic and international experience in the Banking and Financial Services industry. In addition to being the Chairman of Cyan Limited, he serves on the Boards of Hascol Petroleum Limited, Dawood Hercules Corporation Limited, and Dawood Lawrencepur Limited. Previously, he was the Executive Director in charge of the Chairman’s Corporate Office of the Dawood Hercules Group (“DHG”). DHG consists of several listed and unlisted companies and is one of the largest entrepreneurial groups in Pakistan that has a market capitalization exceeding USD 3.5 Billion for companies listed on the Pakistan Stock Exchange.
During his 15-year career with JPMorgan, Mr. Rahim held several senior roles in Pakistan and abroad. He assisted in establishing and heading the Global Corporate Bank in Bahrain, Qatar, and Saudi Arabia, was a Senior Country Officer of Pakistan and was an integral part of the Regional Corporate Finance team based in Singapore. He has originated, led, and executed large complex M&A transactions and Privatizations totaling USD 5.0 billion, Sovereign Debt and Bond issues of over USD 2.0 billion in the Telecom, Airlines, Banking, Oil & Gas, and Petrochemical industries.
Mr. Rahim, previously also held senior roles with Mashreq Bank psc, ANZ Grindlays Bank plc, and commenced his career with Exxon Chemical Pakistan Limited. He was also posted and lived in Zurich, Singapore, Bahrain, and Dubai and received his Bachelor’s degree from the University of Delaware in the USA.
Mr. Frahim Ali Khan is a Law graduate from Karachi University. He has also attended the Senior Managers’ Program at Harvard University, USA, the Financial Management Program at Stanford University, USA, and the Board of Director’s Program at Insead University, France.
He has over 50 years of experience in General Management, Finance, Investment, and Taxation. He joined the Atlas Group in 1967 and has served in different positions. Currently, his other directorships include Atlas Battery Limited, Atlas Asset Management Limited, Atlas Engineering (Private) Limited, Atlas Power Limited, Shirazi Investments (Private) Limited, Shirazi Trading Company (Private) Limited, Atlas Energy (Private) Limited, Atlas Autos (Private) Limited, Atlas Metal (Private) Limited and the Atlas Foundation.
Earlier, he has also served on the boards of Atlas Honda Limited and former Atlas Bank Limited and has been CEO of Shirazi Investments (Private) Limited, Shirazi Trading Company (Private) Limited, Atlas Asset Management Limited and former Atlas Investment Bank Limited.