City Insurance PLC
DDSE:CITYGENINS130.90
BDT
-0.20
(-0.15%)
ISIN
BD0734CGIC09
Return %
Stock
S&P 500
1Y
83.85
14.20
3Y
154.67
81.12
5Y
212.41
68.34
Capital Structure
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- CEO
- Mohammad Shamim Hossain
- Full Time Employees
- 345
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Aug 19, 2007
- Website
- cityinsurance.com.bd
- Similar Companies
- Business
- City Insurance PLC, formerly known as City General Insurance Company Limited, is a Bangladesh-based non-life insurance company that provides a comprehensive range of general insurance, underwriting, and risk management solutions to corporate, industrial, commercial, and individual clients. The company operates through five principal business segments: Fire Insurance, Marine Insurance, Motor Insurance, Engineering Insurance, and Miscellaneous & Accident Insurance. Its product and service portfolio includes Fire and Allied Perils Insurance, covering industrial all risks, fire damage, business interruption, property damage, and natural catastrophe perils; Marine Cargo and Marine Hull Insurance, offering coverage for import and export shipments, ocean transit, inland water cargo, freight risks, and vessel physical damages; Motor Insurance, delivering comprehensive coverage, collision loss, and third-party liability policies for private vehicles, commercial vehicle fleets, and two-wheelers; Engineering Insurance, encompassing contractor's all risks (CAR), erection all risks (EAR), machinery breakdown (MBD), boiler and pressure vessel insurance, electronic equipment insurance (EEI), and deterioration of stock; and Miscellaneous and Accident Insurance, comprising burglary and housebreaking, cash-in-transit (CIT), cash-in-safe (CIS), cash-on-counter, fidelity guarantee, workmen's compensation, public liability, personal accident, health insurance, and overseas medical coverage. City Insurance PLC distributes its underwriting services nationwide across Bangladesh through a widespread branch network situated across major commercial, trade, and industrial centers. The company was incorporated in 1996 and is headquartered in Dhaka, Bangladesh, with its shares publicly listed on both the Dhaka Stock Exchange and the Chittagong Stock Exchange under the ticker CITYGENINS. In recent developments, the company executed a corporate restructuring and rebranding to transition its legal name from City General Insurance Company Limited to City Insurance PLC in compliance with national statutory requirements for public limited companies; accelerated its digital transformation initiatives by integrating digital premium collection channels, automated policy issuance systems, and web-based claims processing interfaces; and expanded tailored non-life underwriting programs to capture emerging demand in small and medium-sized enterprise (SME) commercial assets and national infrastructure projects.