Dhaka, Bangladesh (BBN) – Eastland Insurance, one of the 1st generation private sector general insurance companies celebrated 25th years of its achievement on Saturday.
To celebrate this auspicious occasion Eastland organized a reception and cultural program followed by Dinner at Bangabandhu International Conference Center (BICC). Commerce Minister Mohammad Faruk Khan, M.P. former chief justices, ambassadors, large number of business leaders, diplomats, elites of the society, valued Clients and Shareholders graced the Occasion.
Eastland Chairman Mahbubur Rahman who is also the President of International Chamber of Commerce-Bangladesh (ICCB) acknowledged the presence of the distinguished guests with profound gratitude.
Mr. Rahman in his welcome address stated that, Eastland, is 5th of the first generation insurance companies, started its journey on 5th of November 1986 and since completed 25 eventful years. The company by now ranked as one of top ten amongst its peers. It is rated as an ‘AA-’ in consideration of its excellent financial and technical performance, sound solvency, diversified investment portfolio, good re-insurance arrangement with foreign re-insuers and above all, experienced top management.
Commerce Minister Faruk Khan, MP congratulated the Eastland Chairman and its managements for their excellent achievement over the past 25 years. He mentioned that the government has taken a number of steps since it came into power for streamlining the insurance industry including the formation of Insurance Development & Regulatory Authority (IDRA) in 2010. He hoped that the insurance companies will work together with IDRA in furtherance of this vital industry.
BBN/SSR/AD-20Nov11-9:25 pm (BST)
