Chairman

Ihtsham ul Haq Qureshi

Mr. Ihtsham ul Haq Qureshi serves as the Chairman of Asia Insurance Company Limited and is a member of its Board of Directors.
He was honored with the Prince Henrik Medal of Honor by the Royal Kingdom of Denmark in recognition of his outstanding contributions. After earning his B.Sc. in Electrical Engineering from the University of Engineering & Technology, Lahore, in 1973, Mr. Qureshi began his career at Ameejee Valeejee, an engineering firm affiliated with Brown Boveri & Co., Switzerland. He later joined Pak Elektron Ltd., where he gained valuable industry experience. In 1985, anticipating a shift in Pakistan’s economy towards privatization, Mr. Qureshi founded Falcon Engineering Services with the vision of introducing advanced European technology to Pakistan. This entrepreneurial spirit led to the establishment of Indus Insurance, its subsequent merger with Asia Insurance, and the eventual buyout of other shareholders in 2007. Currently, Mr. Qureshi also serves as the Chief Executive of Asia Insurance Company Limited.
Widely respected within the business community, Mr. Qureshi holds chairmanship positions in the following companies:
  • C Soft (Pvt) Limited
  • Falcon Engineering Services
  • Omega Project Management & Consulting (Pvt.) Limited
Chief Executive Officer

Zain Ul Haq Qureshi

Mr. Zain ul Haq Qureshi serves as the Chief Executive Officer of Asia Insurance Company Limited and is a member of its Board of Directors. With more than 15 years of expertise in Project Sales, Customer Relationship Management, Customer Service, and General Management, he has led strategic initiatives in Digitization, Investment Portfolio Management, and Business Development, driving the company’s growth and modernization before taking on the role of CEO. Mr. Qureshi holds an MBA from the University of Oxford’s Said Business School.
Director

Nosheen Ihtsham Qureshi

Mrs. Nosheen Ihtsham is a member of the Board of Directors of Asia Insurance Company Limited as a non-executive Director. She holds a B.Sc. in Home Economics. She was awarded the “Tamgha-e-Imtiaz” by the Government of Pakistan in recognition of her outstanding services rendered to the game of tennis from 1975 to 2007. She was a National Champion in Lawn Tennis, winning various titles at the national level and remaining among the top 4 lady players of Pakistan for almost the entire period between 1975 and 2005. Mrs. Ihtsham represented Pakistan in overseas competitions, including the SAARC Games in India, Islamic Women Games in Tehran, and the Fed Cup in Thailand, New Zealand, and Japan, earning laurels and medals for Pakistan.
Director

Shiza Hassan

Shiza Hassan holds a BSc (Honours) degree in Social Sciences from the Lahore University of Management Sciences (LUMS) and a diploma in Interior Design from the National College of Arts (NCA). She is also a member of the Wapda Tennis team. She is a renowned fashion designer and established the Haute Couture label “Shiza Hassan” in 2014. The coveted label has been repeatedly showcased in the most prestigious fashion shows across the country.
Director

Syed Murtaza Hussan Nadir

Mr. Syed Murtaza Hasnain Nadir holds an Honours degree in Economics from Lahore University of Management Sciences (LUMS) and has cleared CFA (Level I) from the University of Waterloo, Canada. He has more than 10 years of experience in senior management positions. Currently, he serves as the CEO at Zarkhaiz Farms (Pvt.) Limited, the first of its kind floriculture farm for essential oil extraction and cut-flower production in Pakistan. He is also a Partner at Creative Frontiers, a transmedia agency. From 2010 to 2013, he worked with banks like HBL and UBL as a Relationship Manager and a Risk Analyst, respectively.
Director

Thibaud Ponchon

Mr. Thibaud Ponchon is a Nominee Director at the Board of Directors of Asia Insurance Company Limited. He is nominated by InsuResilience Investment Fund, SICAV RAIF (a Fund set up by the German Development Bank KFW and managed by Swiss-based Impact Investment Manager Blue Orchard Finance) at the Board of Directors of the Company. He has more than 15 years of experience in Private Equity, Venture Capital, and Private Debt investments, including 8 years focused on Asian emerging markets. Thibaud is responsible for Private Equity investments in Asia for BlueOrchard’s USD 80m InsuResilience Investment Fund focused on the insurance sector and sits on the board of portfolio companies such as Skymet Weather Services, a weather and crop yield data technology company in India. Prior to that, he was a Senior Investment Officer in charge of Venture Capital investments in Asia for Advans Group, a microfinance-focused investment company. Thibaud sat on the board of several portfolio companies there. He started his career in London, where he worked in leveraged finance at M&G Investments. Thibaud holds an MSc in Finance from Lancaster University in the UK and is a CFA charter holder.
Director

Wajahat Rasul Khan

Wajahat Rasul Khan has extensive experience of over 38 years in banking and financial management, strategic planning, banking regulatory and compliance issues, re-positioning and restructuring strategies, and project planning & implementation. This experience has been gained in senior leadership positions with banks, financial institutions, professional accountancy firms, and business groups in Pakistan (including HBL & Fauji Foundation) and with KPMG in the UK. He has held senior key appointments at leading commercial and investment banks and possesses a strong financial and management background. He is currently a Board Member and Chair of the Audit Committee at First Women Bank Limited. Wajahat Rasul Khan is a Certified Corporate Director from the Pakistan Institute of Corporate Governance (PICG) and the Institute of Business Administration (IBA). He is also a member of the Hong Kong Institute of Directors.

BOARD COMMITTEES

INVESTMENT COMMITTEE

Chairman

Mr. Ihtisham Ul Haq Qureshi

Member

Mr. Zain Ul Haq Qureshi

Member

Mr. Wajahat Rasul Khan

Secretary

Miss. Rafia Ashraf CFO

AUDIT COMMITTEE

Chairman

Mr. Syed Murtaza Husnain Nadir

Member

Mr. Thibaud Ponchon

Member

Mr. Ihtisham Ul Haq Qureshi

Secretary

Mr. Iftikhar Ahmed (HIA)

HUMAN RESOURCE AND REMUNERATION COMMITTEE

Chairman

Mr. Wajahat Rasul Khan

Member

Mrs. Nosheen Ihtisham

Member

Mr.Ihtisham Ul Haq Qureshi

Secretary

Mr.Shahbaz Hameed