East West Insurance Company Limited Appoints New Chairman

East West Insurance Company Limited Announces New Chairman

East West Insurance Company Limited (EWIC) disclosed that its Board of Directors has appointed Mr. Ahmed Khan as the new Chairman of the company, effective 1 September 2026. The appointment follows the resignation of the former chairman, Mr. Tariq Mahmood, who stepped down after a five‑year tenure.

Background and Rationale

The Board cited Mr. Khan’s extensive experience in the insurance and financial services sector, including his previous roles as Managing Director of a leading Pakistani life insurer and as a senior executive at a multinational re‑insurance firm. The Board believes his strategic vision and governance expertise will strengthen EWIC’s market position and support its growth agenda.

Expected Impact on Operations

Mr. Khan will oversee the implementation of EWIC’s 2027‑2030 strategic plan, which focuses on expanding the company’s general insurance portfolio, enhancing digital distribution channels, and improving underwriting profitability. The Board also expects the leadership change to reinforce corporate governance standards and bolster investor confidence.

Market Reaction

The announcement was made through a filing with the Pakistan Stock Exchange (PSX) and has been circulated to all market participants. No immediate price movement was reported at the time of the filing.

Outlook

Analysts anticipate that the new chairman’s expertise could drive operational efficiencies and potentially improve EWIC’s earnings outlook, especially as the insurance sector benefits from rising insurance penetration in Pakistan.