Muhammad Rahat Sadiq


Muhammad Rahat Sadiq

Vice Chairman

Residence: Pakistan
Bachelors of Commerce from University of Karachi, Pakistan
Bachelors of Business Administration University of Wisconsin, USA
Commercial Underwriting Philadelphia, USA
Advance Underwriting & Risk Management, CII College of Insurance London, UK
Vice Chairman, United International Group
Director & Chief Executive of The United Insurance Co. of Pakistan Ltd.

Muhammad Rahat was nominated as the Vice Chairman of United International Group in April 2012.

Since March 2012 he was elected member of the Board of United Insurance Co of Pakistan Ltd and also appointed as Chief Executive officer of the Company.

Insurance Background

He started off his carrier in Insurance in 1976 in the London market with two of the leading insurance brokers of UK, Launds Lambert and Willis Faber & Dumas. During his training he was able to attend the in-house insurance courses organized by them and Chartered Insurance Institute UK.

Insurance Company of North America (INA) (Presently ACE Insurance Co), (1979-1983)

He worked at following INA offices, Head Office in Philadelphia USA, Regional Office London, UK and Regional Office for Middle East and Africa.

Silver Star Insurance Company Limited Pakistan (SSIC) (1984 to 2003)

In December 1983 he moved back to Pakistan and started working on the licensing requirements of the company. He established Silver Star in 1983 and was appointed as Chief Executive Officer of the Company. His tenure successfully ended with SSIC in 2003 in the capacity of vice chairman.

Pakistan Reinsurance Corporation (PRC) (2003 to 2006)

He joined PRC as an Executive Director, in 2003. He was given dual charge as ED Planning and Development Division and Director in-charge of ECO Reinsurance Pool.

United Insurance Co. of Pakistan Ltd. (UIC) (2007 to Present)

In 2007 Rahat Joined United Insurance Company of Pakistan Ltd as an Executive Director. He performed various executive duties at different level of the company. In the year 2011 Rahat became Advisor to the Chairman of UIC.

In March 2012 he was appointed Chief Executive of UIC and was also co-opted as Director of the Board.

Area of Responsibilities:

– Reinsurance Development
– Accounting, Controlling and Central Reserving for Reinsurance
– Geo Risks Research/Corporate Climate Centre
– Group Strategies and Planning
– Rating Agency Relations