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East West Insurance Co Ltd
410-414, EFU House, M.A. Jinnah Road
Phone: +92 2135630400p:+92 2135630400 KARACHI, 74000  Pakistan Ticker: EWICEWIC
Placed into Administration on 10/12/2020
On 10/12/2020, Richard Barker and Simon Edel of Ernst & Young LLP were appointed as Joint Administrators of East West Insurance Company Limited (“EWIC”). The appointment was made by the High Court following an application under the provisions of paragraph 12(1) (b) of Schedule B1 to the Insolvency Act 1986.
Business Summary
East West Insurance Company Limited is engaged in the general insurance business. The Company’s segments include Fire and Property Damage, Marine, Aviation and Transport, Motor, Engineering, and Miscellaneous. The Fire and property insurance contracts mainly compensate the Company's customers for damage suffered to their properties or for the value of property lost. The Marine insurance covers the loss or damage of vessels, cargo, terminals, and any transport or property. The Motor insurance provides protection against losses incurred as a result of theft, traffic accidents and against third party liability that could be incurred in an accident. The Miscellaneous insurance provides cover against personal accidents, household insurance, burglary insurance, public liability, cash in safe and transit insurance. Its other various types of insurance are classified as miscellaneous, which mainly includes engineering, bond, hospitalization, accident and health insurance and travel insurance.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
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Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202412/31/2023Yes----

Industries
SIC Code Description
6331 Fire, marine, and casualty insurance
6324 Hospital and medical service plans

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, Independent Director Mian MahboobAhmad
Chief Executive Officer, Managing Director NaveedYunus 10/30/2013 10/30/2013
Chief Financial Officer, Director Finance, Company Secretary Shabbir AliKanchwala
9 additional Officers and Directors records available in full report.

General Information
Number of Employees: 134 (As of 12/31/2014)
Outstanding Shares: 222,502,606 (As of 10/25/2024)
Shareholders: 335
Stock Exchange: PSX
Fax Number: +92 2135630414


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Monday, November 11, 2024