Silver Star Insurance Co Ltd (SILV)

Silver Star Insurance Company Limited provides general insurance services in Pakistan. The company operates through four segments: fire, marine, motor, and miscellaneous. It offers fire and allied perils insurance that covers property against riot strike damages, riot fire damages, malicious damages, explosion damages, earthquakes, atmospheric disturbances, impact damages, aircraft damages, and electrical risks; and marine insurance coverage for goods in transit for import and export through sea, road, rail, and air transportation. The company also provides motor insurance for private, commercial, industrial, and agricultural vehicles, as well as third-party liability, and assorted insurances comprising workmen’s compensation, personal accident, fidelity guarantee, cash in transit, cash in safe, and hand, and burglary/theft insurance products. In addition, it offers engineering insurance that covers the contractor’s risks, erection of all risks, and machinery equipment, as well as machinery breakdown, including boilers and pressure vessels; and bond insurance that provides guarantees against bid, performance, mobilization advance, professional indemnity, maintenance, excise, customs duty, and surety bonds. Further, the company provides livestock insurance that protects against mortality due to disease, theft, and disability of the insured animals, including fire and lightning; and crop insurance, which offers protection against natural disasters, excessive rain, flood, hail storm, wind storm, frost, fire and lightning, and insect/pest attacks on standing crops. Silver Star Insurance Company Limited was incorporated in 1984 and is based in Lahore, Pakistan.