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Eastland the name you have learnt to trust. We are well equipped with latest technology and a team of astute and experienced personnel to meet your all insurance needs; such as Fire, Industrial All Risk, Marine Cargo, Marine Hull, Motor, Engineering, Aviation, Personal Accident, Overseas Mediclaim Insurance and Miscellaneous Risks.
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Notice
Stock dividend for the year ended on December 31, 2018 has been credited to the respective shareholders' BO accounts on July 14, 2019. The payment of cash dividend and the sale proceeds of the fraction bonus shares will be distributed within the stipulated time.




(Q3 Un-audited): EPS Tk. 0.18 for July-September, 2018 as against Tk. 0.15 for July-September, 2017; EPS Tk. 1.15 for January-September, 2018 as against Tk. 1.10 for January-September, 2017. NOCFPS Tk. 0.43 for January-September, 2018 as against Tk. 0.22 for January-September, 2017. NAV per share Tk. 21.48 as on September 30, 2018 and Tk. 21.66 as on September 30, 2017.




Credit Rating AA+ : Credit Rating Information and Services Limited (CRISL) has announced the Claim Paying Ability (CPA) Rating of the Company as "AA+" along with a stable outlook in consideration of audited financials of the Company up to December 31, 2017 also un-audited financials up to 30th June 2018 and other relevant quantitative as well as qualitative information up to the date of rating declaration. Rating "AA+" indicates very high claims paying ability (CPA) with strong protection factors supported by good financial performance and sound solvency position.




(Q2 Un-audited): EPS was Tk. 0.50 for April-June 2018 as against Tk. 0.50 for April-June 2017; EPS was Tk. 0.97 for January-June 2018 as against Tk. 0.95 for January-June 2017. NOCFPS was Tk. 0.25 for January-June 2018 as against Tk. 0.20 for January-June 2017. NAV per share was Tk. 20.75 as on June 30, 2018 and Tk. 21.59 as on December 31, 2017.




(Q1 Un-audited): EPS was Tk. 0.50 for January-March 2018 as against Tk. 0.48 for January-March 2017. NOCFPS was Tk. 0.23 for January-March 2018 as against Tk. 0.20 for January-March 2017. NAV per share was Tk. 22.52 as on March 31, 2018 and Tk. 23.21 as on December 31, 2017.




ICMAB BEST CORPORATE AWARD-2015: Eastland Insurance Company Limited has been awarded best corporate award 2015 in non-life insurance sector by the Institute of Cost and Management Accountants of Bangladesh (ICMAB)

Mr. Arun Kumar Saha, Managing Director received the award from Mr. Abul Mal Abdul Muhith, Hon’ble Minister, Ministry of Finance at a function at Dhaka on 26th October, 2016.

ICMAB identified best of the best after due consideration to many quantitative and qualitative factors in general and sector wise in particular and evaluated a company under the measurement of internationally and widely used standards.

The Managing Director of the Company said that Eastland maintained the maximum level of transparency, accountability and good governance during the period which helped it to get such an award.

The Managing Director thanked all members of ICMAB Best Corporate Award Committee for selecting Eastland Insurance Company as one of the recipients of this prestigious award and shared this achievement with valued clients, shareholders, members of the Board and the employees of the company.




EICL-Citizen Charter
   
The Board of Eastland Insurance consists of sixteen Directors, among them, nine are sponsors, five are from Shareholders and remaining two are independent.

Mr. Mahbubur Rahman
Chairman
Mr. MAHBUBUR RAHMAN (1942) an eminent personality widely known in the Business Arena at home and abroad is the Chairman of the Board of Eastland Insurance Company Limited.

Mr. Rahman is the President of International Chamber of Commerce (ICC) - Bangladesh, The world business organization (Estd. in Paris ;1919) having its presence in 130 countries around the world.

Mr. Rahman is the Chairman & CEO of ETBL Holdings Limited (Estd. 1962)- a conglomerate of 7 (Seven) wholly owned commercial & industrial affiliates and stake holders of 4 (Four) PLCs. He is the Founder Chairman of Eastland Insurance Co. Ltd.(plc) (Estd. 1986), Bangladesh International Arbitration Centre (BIAC) - The Institution for Alternative Dispute Resolution (2004) and International Publications Limited (Publishers of The Financial Express - The National English Financial Daily, (1993).

Currently, Mr. Rahman is the Chairman of Business Advisory Council (EBAC) of UN-ESCAP (United Nations Economic & Social Commission for Asia & the Pacific); He is the Sole Arbitrator in Bangladesh for The China International Economic and Trade Arbitration Commission (CIETAC) ; Vice Chairman of Bangladesh Foreign Trade Institute (BFTI), Member of the Board of Governors of Institute of Business Administration (IBA) of the University of Dhaka, Founder Member of the Independent University Bangladesh (IUB) and a Director in the Board of Karnaphuli Fertilizer Co. Ltd. (KAFCO)- a multinational company comprising Bangladesh, Japan, Denmark & The Netherlands.

Mr. Rahman was the President of the Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) -- The Apex National Chamber of Bangladesh (1992-1994), The Dhaka Chamber of Commerce & Industry (DCCI) -- The premier Chamber of the country (1985-86 and 1991-92), Founder Vice President (1993-95) of 8-Nation SAARC Chamber of Commerce and Vice President (West Asia) of 57-nation Islamic Chamber of Commerce in 1993-95.

During 1972-79, Mr. Rahman represented Government of Sri Lanka in Bangladesh before Colombo setup its Diplomatic Mission in Dhaka. He was a Sponsor Director and Chairman of National Bank Limited (plc), (Estd. 1983) Former Board Member of BIMAN-Bangladesh Airlines (National Carrier of Bangladesh), The Dhaka Stock Exchange and Member of the Board of Governors of Bangladesh Open University (BOU). He was a Member of the Board of Governors of ICC HQs. during 1997-99.

Mr. Rahman was awarded The Lifetime Achievement Award in 2012, by the "DHL-The Daily Star" sponsored most prestigious 'Bangladesh Business Award'.

Mr. Rahman was honoured as a Presidential Friend of Indonesia in 2012 at its 67th Independence Day in Jakarta by the President His Excellency Mr. Susilo Bambang Yodyono of Indonesia.

Mr. Rahman has been honoured by The Daily Star as an Eminent personality for Lifetime Contribution to Nation-Building, in 2016.

He hosted several International Business & Economic Events in Dhaka attended by Heads of Governments as well as Multi-lateral Agencies & led many Trade & Investment Delegations to a number of overseas destinations including Leading a few Business Delegations as entourages of the President/Prime Minister of Bangladesh.

Mrs. Hameeda Rahman
Mrs. Hameeda Rahman is the Director of the Board of Eastland Insurance Company Limited. She is also the Director of ETBL Holdings Limited, Eastern Trading (Bangladesh) Limited, ETBL Development & Construction Limited, ETBL Securities & Exchange Limited, Progressive Investment Limited and, Century Cold Storage Limited.

Mr. Moazzem Hossain
Mr. Moazzem Hossain is the Director of the Board of Eastland Insurance Company Limited. He is also the Director of Rahman enterprise Limited, Holy Crescent Hospital Limited and Hotel Saymen Limited Cox s bazar. He is a member of Chittagong Club and widely known for his involvement in social activities.

Mr. Sanjidur Rahman
Mr. Sanjidur Rahman is the Director of the board of Eastland Insurance Company Limited. He is also the Managing Director of Chandpur Jute balers Limited & Eastern overseas limited.

Mrs. Tahmina Ahmed
Mrs. Tahmina Ahmed is the Director of the board of Eastland Insurance Company Limited. She hails from a respectable Muslim family in Dhaka.

Mrs. Taslima Akhtar
Mrs. Taslima Akhtar is the Director of the board of Eastland Insurance Company Limited. She is also the Director of union fisheries. She is a former Director of Social Islami bank Limited.

Mrs. Monira Yeasmin
Mrs. Monira Yeasmin is the Director of the board of Eastland Insurance Company Limited. She is also the Director of Monico Plastic Industry, Heera Jewelers Limited and Century Cold Storage Limited.

Mr. Rizwan-ur Rahman
Mr. Rizwan-ur Rahman is the Director of the Board of Eastland Insurance Company Limited. He is the Managing Director of ETBL Holdings Limited, ETBL Securities & Exchange Limited., ETBL Development & Construction Limited, Eastern Trading (Bangladesh) Limited and Srijon Designers Limited. He is also the Director of ETBL Technologies Limited, National Tyre & Rubber Industries Limited, Progressive Investment Limited, Century Cold Storage Limited, International Publications Limited. (The Financial Express), Bangladesh-Philippines Chamber of Commerce & Industry (BPCCI). He is the Member of International Chamber of Commerce–Bangladesh (ICCB), Dutch-Bangla Chamber of Commerce and Industry (DBCCI), Dhaka Stock Exchange Limited (DSE), The Dhaka Chamber of Commerce and Industry (DCCI), Chairman of CSR Committee, Dutch-Bangla Chamber of Commerce & Industry (DBCCI), Sponsor of National Bank Limited, Former Director of the Dhaka Chamber of Commerce & Industry (DCCI) 2013-2015 and Secretary General of Sheba Bangladesh Foundation.

Mr. Saiful Islam
Mr. Saiful Islam, MBA is one of the Directors of Eastland Insurance Company Ltd. He is the eldest son of Late M. Nurul Islam & Ms. Suraiya Begum. Mr. Saiful Islam is the Chairman of Islam & Company Ltd., Managing Director of NISI Green Fields Ltd. and ECO Oil Products Ltd. Mr. Saiful is also the Director of DAPHA Feed & Agro Products Ltd.

Mrs. Kamrun Ness
Mrs. Kamrun Nessa is the Director of the board of Eastland Insurance Company Limited. She is also the Director of Century Cold Storage Limited.

Alhaj Mohd. Arshad Ali
Alhaj Mohd. Arshad Ali is the Director of the board of Eastland Insurance Company Limited. He hails from a respectable Muslim family in Munshigonj. He is also the Chairman of Dhaka Ink Company Limited and Managing Director of the Merchants Limited, Elite Printing & Packages Limited. He is also the Director of New Zealand Dairy Products Bangladesh Limited. Alhaj Mohd. Arshad Ali is prominently known in the printing and packaging sector. He is the member of Dhaka Club, Uttara Club, Chittagong Club Limited. and associated with a host of social organizations.

Mr. Nasiruddin Ahmed
Mr. Nasiruddin Ahmed is the Director of the board of Eastland Insurance Company Limited. Mr. Nasiruddin Ahmed is a retired marketing specialist having fifty years of experience in the field. He was one of the top executives of Mitsui & Co. a Japanese firm which was a prominent business house during Pakistan era.

Mr. A. S. M Quasem
Mr. A. S. M Quasem is the Director of the Board of Eastland Insurance Co. Ltd. Mr.Quasem is chairman of Newage Group of Companies and a prominent industrialist engaged in the apparel and garments export sector. Born in 1942, he graduated in Mechanical Engineering from BUET in 1963. He founded Newage Garments Ltd, the first company in Newage Group in 1984. Since then the group kept on expanding and now consists of three garment manufacturing units, one composite Knit Textile mill and a modern button manufacturing plant. The group currently has over 8000 employees and one of the leading export houses of Bangladesh. Mr. Quasem is also a sponsor Director of Credit Rating Agency of Bangladesh Ltd.

Mr. Quasem takes an active interest in trade politics. He served as President of Bangladesh Employers Federation in 1999-2000, President of Dhaka Chamber of Commerce and Industry in 1997 and as Vice President of ICC-Bangladesh for several terms He was the founder Chairman of BIMST-EC Business Forum (1998-2000), a regional forum of business communities of Bangladesh, India, Myanmar, Sri Lanka and Thailand.

Mr.Quasem has traveled extensively and participated in many international conferences, seminars and workshops. He is on the active list of International and National Consultants of the International Trade Centre (ITC), a UN organization affiliated with the UNCTAD and WTO that took him as an ITC consultant to Malawi and Mozambique in Africa and to Cuba and Bolivia in Central and South America. He also carried out a number of assignments in his home base in Bangladesh as ITC s National Consultant.

Keeping in mind the need for social development, Mr. Quasem created Gulshanara Razzaque Welfare Foundation and engages himself as its Managing Trustee. The Foundation works in the area of education and health care development of the less privileged section of the society through operation of a free primary school that has ap enrollment of about 600 students in Dhaka and a 30 bed fully equipped General Hospital in Dohar. He is also a member of the Board of Trustees of RADDA MCH-FP Centre, a well reputed large NGO that operates in the Mirpur area providing health care services in the field of mother and child care and family planning.

Mr.A.S.M Quasem currently member of Dhaka Club Ltd. &, Kurmitola Golf Club Ltd.

Mr. Abul Kasem Khan
Mr. Abul Kasem Khan is one of the Directors of the Board of Eastland Insurance Company Ltd. Mr. Khan completed his Business Administration (BBA) from Xavier University, Ohio, USA in 1992. He worked in the banking sector in Bangladesh from 1995 to 1996 and later joined the family business in 1996. Mr. Abul Kasem Khan is a Board Director of A.K.Khan & Company Ltd (AKK). He is also Managing Director of A.K. Khan Telecom Ltd (AKTL), and is also a Director in A.K. Khan Penfabric Ltd (AKPEN).

Mr. Abul Kasem Khan was elected President of Dhaka Chamber of Commerce & Industry (DCCI) in 2010, 2017 and 2018. He also served as a Board Director in TM International Ltd (AKTEL), Bengal Fisheries Ltd, Titas Gas Transmission & Distribution Ltd, Bangladesh Services Ltd (BSL), Dhaka Water Supply & Sewerage Ltd (WASA), Bangladesh Foreign Trade Institute Ltd (BFTI), Dhaka Stock Exchange (DSE) and Bangladesh Submarine Cable Ltd (BSL). He was also Finance Director in Bangladesh Philippines Chamber of Commerce Ltd (BPCCI). Mr. Khan was awarded one of the Highest Tax Payer for 2013-14 Financial Year from Chittagong. He was also recognized as CIP (Commercially Important Person) in 2010.

Mr. Muhammad A. (Rumee) Ali
Eastland Insurance Company Ltd. Appointed Mr. Muhammad A. (Rumee) Ali as one of its Independent Director at Company’s 30th Annual General Meeting held on 24th of May 2017.

After completing Masters in Economics from University of Dhaka Rumee Ali joined ANZ Grindlays Bank in 1975. During his career with ANZ Bank, he worked in India, UK and Australia. In 1997 he was appointed as CEO of the Bank’s operation in Bangladesh and in 2000 he was appointed The CEO of the combined operation of the merged ANZ Grindlays and Standard Chartered Bank. In 2002 Mr. Ali joined Bangladesh Bank as Deputy Governor and was responsible for supervision and driving the regulatory reforms in Banking sector, specially in risk management and corporate governance areas. During this period he was also Chairman of the National Task Force on Anti Money Laundering and National Committee for Implementation of Basel-II. National Advisory Committee of Small and Medium Enterprises and Sub-Committee on UN Conventions on Anti-Terrorism are some of the other national forums he participated in. Mr. Ali also served on the Governing Board of PKSF for a number of years and was a member of the Chamber Committee of the Metropolitan Chamber of Commerce and Industry (MCCI).

From January, 2007 to December, 2013 Mr. Rumee Ali served as the Managing Director, Enterprises and Investments at BRAC and from January, 2014 to December, 2015 as advisor to the Interim Executive Director, BRAC. During this period he served as a member of the Board BRAC and BRAC International. Among the international institutional bodies, he was appointed to the Board of Alliance for Bangladesh workers Safety (ABWS) (USA) and the Global Alliance for Banking on Values (GAB) The (Netherland). He was the Vice Chairman of Bangladesh Association of Banks and Bangladesh Employers Federation. He was Chairman of BRAC Bank Ltd. From January, 2009 to December, 2015 and was the founding Chairman of bKash Ltd, the largest Mobile financial service company in Bangladesh.

Mr. Mahbub Jamil
Mr. Mahbub Jamil is one of the Independent Director of the Board of Eastland Insurance Company Ltd. Mr. Jamil completed Masters in Sociology and Journalism from the University of Dhaka. During his professional career Mr. Mahbub Jamil presently has been an Advisor of the Board of Robi Axiata Ltd. Chairman of ICE Technologies Ltd. and Trustee, Biswa Shahittya Kendro ,(World Literature Centre ).

Mr. Mahbub Jamil was the Managing Director and CEO of Singer Bangladesh Limited since 1984 and had been its Chairman of the Board since October 1987. He was also the Senior Vice President of Singer Asia, HQ in Hongkong. Mr. Jamil is the former special Assistant (Cabinet Minister) to the Chief Advisor Caretaker Government (2008) in-charge of three Ministries of Civil Aviation & Tourism, Industries, Youth & Sports. He had been the Chairman of the Board at International Leasing and Financial Services Ltd. and Chairman of Electrical Services & System Ltd. He was also President of the Foreign Investors Chamber of Commerce & Industry (FICCI), President, Metropolitan Chamber of Commerce & Industry (MCCI) and Executive Board Member, International Chamber of Commerce-Bangladesh (ICC-B).
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