Board of Directors

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Rafique R. Bhimjee

Mr. Rafique R. Bhimjee is B.Sc (Hons) in Management Science, University of Warwick, MBA in Finance from City University, London and a “Certified Director” from Pakistan Institute of Corporate Governance.

He has worked overseas in Merrill Lynch Asset Management, New York and Abu Dhabi Investment Authority.

Mr. Rafique Bhimjee was the Chairman of EFU General Insurance Ltd. from February 1999 to July 2011 and became Chairman of EFU Life Assurance Ltd in July 2011. He is also a Director of Allianz EFU Health Insurance Ltd. and EFU Services (Pvt.) Ltd. and Director of International Foundation Garments (Pak) Pvt. Ltd.

Saifuddin N. Zoomkawala

He has been associated with EFU Group since 1964. He served as Managing Director of EFU General Insurance Ltd, .from July 10, 1990 till July 2011 when he was elected Chairman of the Company.

He is also the Chairman of Allianz EFU Health Insurance Ltd and Director of EFU Life Assurance Ltd., and EFU Services (Pvt.) Ltd., all being EFU Group Companies. He was also the Chairman of EFU Life Assurance Ltd., from February 1999 to July 2011.

In addition to EFU Group companies he is also Chairman of SAARC CCI Council on Financial Services & Insurance;  Member, Executive Committee, SAARC Chamber of Commerce & Industry;  Member, Board of Investment (Government of Pakistan); Member,  Community Development Board- Planning & Development Department (Government of Sindh); IBA Advisory Council;  and Aga Khan Resouce Committee . He is on the Board of Governors of Shaukat Khanum Memorial Trust and Research Centre; Burhani Hospital; Sindh Institute of Urology and Transplantation; and Fakhr-e-Imdad Foundation.

Taher G. Sachak

Mr. Taher G. Sachak has studied in UK and is a graduate in Business Studies from Bournemouth University, and also has a post-graduate Diploma in Management Studies from Liverpool University. Following his studies he joined the British Civil Service and after 5 years decided to pursue a career in life assurance. He held executive positions in major UK Life Assurance Companies, Allied Dunbar, Trident Life and finally Century Life before coming to Pakistan in 1994 to join EFU Life.

He is also a Director of EFU General Insurance and Vice Chairman of Allianz EFU Health and Director of Institute of Capital Markets and a “Certified Director” from Pakistan Institute of Corporate Governance.

Muneer R. Bhimjee

Mr. Muneer R. Bhimjee, has been associated with EFU since July 1993. He is a Graduate (Hons) in Economics, London. He is also a Director of International Foundation Garments (Pak) Pvt. Ltd. and EFU General Insurance Ltd.

Hasanali Abdullah

Mr. Hasanali Abdullah qualified as Chartered Accountant in 1973 and is also a “Certified Director” from Pakistan Institute of Corporate Governance.

Mr. Hasanali has been associated with EFU General Insurance Ltd since 1979 and was appointed as Managing Director & Chief Executive of EFU General Insurance Ltd. in July 2011.

He is also the Director of two other companies of EFU Group i.e. Allianz EFU Health Insurance Ltd. and EFU Services (Private) Ltd.

He is Director of Tourism Promotion Services (Pakistan) Ltd. (owners of Serena Hotels in Pakistan), Honorary Treasurer of Aga Khan Hospital & Medical College Foundation, Member of National Committee of Pakistan of Aga Khan University Foundation, Geneva and Chairman of Pakistan Insurance Institute.

He has served on the Boards, Council and Committees of various Aga Khan Development Network institutions from 1976 to 2002.  He has been Director of Pakistan Institute of Corporate Governance in 2011, Chairman of Insurance Association of Pakistan for the year 2008 and 2010 – 11, Executive Committee Member of Federation of Pakistan Chambers of Commerce & Industries for 2011 and Vice-Chairman of Pakistan Insurance Institute.

Heinz Walter Dollberg

Mr. Heinz Dollberg, based in the Asia Pacific Division of Allianz SE in Munich since 1998, was responsible for managing operations in Asia, the Middle East and North Africa, in collaboration with Allianz offices across the region. He frequently travelled between Allianz headquarters in Munich and the subsidiaries to oversee operations.  He has over three decades of experience at Allianz and had held various positions, from Personnel Manager to General Manager to Chief Representative and Managing Director.

In the 1980’s, Mr. Dollberg worked in Tokyo and Hong Kong and was part of the pioneering team that established the Group’s widespread operations in the Asia Pacific.

Mr. Dollberg holds a degree in Law and holds executive positions with numerous subsidiaries of Allianz. He was appointed, Honorary Professor by two well reputed universities in China — South Western University of Chengdu, as well as the Tongji University of Shanghai.

Syed Salman Rashid

Mr. Syed Salman Rashid holds a Bachelors’ Degree from Karachi University and is a “Certified Director” from Pakistan Institute of Corporate Governance.

He has worked with EFU Group for over 30 years and presently serves as Deputy Managing Director of EFU General Insurance Ltd., looking after the largest Marketing and Sales Division of the Company.

Parallel to his professional services he has also served on the Board of JS Investments Bank Limited and Power Cement Limited.

Kamal Afsar

Mr. Afsar holds a post-graduate degree in Economics and International Studies and is a “Certified Director” from Institute of Corporate Governance.  He was Chairman, State Life Insurance Corporation of Pakistan, Chairman and CEO, Pakistan Reinsurance Company Limited, and Chairman and CEO, Pakistan Automobile Corporation Limited. He has also served as the Managing Director, Karachi Electric Supply Corporation Limited (now named as K-Electric Limited) and CEO, National Tanker Company.

Mr. Afsar has held the position of Federal Commerce Secretary where he was involved in decision making at the highest level in matters concerning Pakistan’s economy. He remained Consul General of Pakistan at Hong Kong for over 5 years, gathering hands-on experience in international trade and diplomacy.

He also sits on the Boards of Karachi Stock Exchange, Central Depository Company of Pakistan and Bank Islami.

Mahmood Lotia

Mr. Mahmood Lotia is a B.Sc from Punjab University and an Associate of the Chartered Insurance Institute of UK (ACII). He started his insurance career in April 1974 then trained at the M&G Reinsurance Company, UK. From April 1977 he worked with Adamjee Insurance Company Ltd and Commercial Union Assurance Pakistan Branch. In 1989 left for Abu Dhabi to work with Abu Dhabi National Insurance Company. On return to Pakistan in August 1991 joined EFU General Insurance Ltd and currently is in-charge of the Company’s technical operations including underwriting, claims and reinsurance. He is the Senior Deputy Managing Director.

Mr. Lotia had also been tasked by EFU General to set up its Window Takaful Operations which is now operational.

Mr. Lotia has remained associated with Insurance Association of Pakistan in various capacities since 1980 and served on nearly all technical committees, the Executive Committee and presently is the Chairman for the year 2014-2015.

He has also been involved on various training programs as lecturer organized by IAP, PII and also including PRCL.


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