Material information of Crescent Star Insurance Limited

Karachi: Crescent Star Insurance Limited informed Karachi Stock Exchange about signing of agreement with Frontier Works Organization (FWO) covering motor insurance of around 67,000 vehicles/day using the motorway (M2) between toll to toll which may add considerably to the premium base of CSIL with expected revenue of Rs. 300 million/per annum. The launching ceremony of the deal will be held on January 15, 2016.

Crescent Star Insurance Company Limited was incorporated as a public limited company in the year 1957 under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is a member of Insurance Association of Pakistan. It deals in the general insurance business providing services relating to fire, marine, motor and miscellaneous insurance. The branches of the company are located country wide. The registered office of the company is located in Karachi. The stocks of the company are traded on the Karachi and Lahore Stock Exchanges of Pakistan.

The products of the company for the individual businesses include motor insurance, travel insurance, home care and shop owner’s policy. The services provided by the company to the businesses include fire & property insurance, marine cargo, marine hull, aviation, motor insurance, engineering insurance, health insurance and miscellaneous insurance related services.

The symbol “CSIL” is being used by the stock exchange for the shares of Crescent Star Insurance Company Limited.