AICL


Also found in: Medical.
AcronymDefinition
AICLAustralian Institute of Commerce and Language
AICLAdamjee Insurance Company Limited (Karachi, Pakistan)
AICLActivation-Induced C-Type Lectin (immunology)
AICLAir India Charters Limited
AICLAssociation Internationale des Critiques Littéraires (French: International Association of Literary Critics)
AICLAmnesty International Charity Limited (est. 1986)
References in periodicals archive ?
He added that as a result of the abuse of due process by the Abuja Markets Limited and other subsidiaries, the AICL signed a Facility Management Agreement which has been consistently disregarded to the detriment of the Federal Government.
Going forward, AICL anticipates higher business volumes with a prudent underwriting practice.
The company also mentioned in quarter ended March 31, 2017 that the investment income of AICL and PBT (profit-before-tax) have also risen by 17 percent and 30 percent respectively.
AICL is one of the few insurance companies in Pakistan, which has worked tremendously to improve its insurance business and focus on writing qualitative premiums.
Best believes AICL has a strong management team that adopts prudent strategies to serve the requirements of the local market, thus, establishing a leading market position in Pakistan, with a 29% share of gross premiums written.
The rating also draws comfort from the guarantee structure, which provides for the due and timely payment of debt service, as the guarantee is legal, valid and binding even in the event AICL goes bankrupt and files for protection, Fitch added.
The ratings of AICL reflect its strong risk-adjusted capitalisation, robust underwriting performance, established business profile in the Pakistan insurance market and developing risk management framework.
However, institutional support helped National Bank of Pakistan close at its upper limit while AICL also gained 5 percent after announcing 183 percent surprise bonus issue.
About the company: AICL is the leading non-life insurance company in Pakistan with around 28% market share.
Furthermore, CRISIL believes that GoI's guarantee will remain unaffected by any infirmity or irregularity on the part of AICL to undertake any of its obligations under the NCD programme; the guarantee will remain unaffected even if AICL is referred to the Board for Industrial and Financial Reconstruction, or comes under the purview of the Sick Industrial Companies Act, or that of any other authority notified under any law with powers in respect of revival or rehabilitation of sick companies.
These are ABL, AHC, AHL, ACPL, AICL, ASBL, Amtex Ltd, ANL, APL, ATRL, BAFL, BAHL, BOP, BYCO, CPL, DGKhan, ECCL, EPL, FABL, FCCL, FFBL, FFC, GGL, HBL, HUBCO, ICI, JSCL, KAPCO, Lucky Cement, MCB, MTL, NBP, NCL, NML, NPL, NRL, NTL, OGDC, PEL, PRIL, POL, PPL, PSO, PTCL, SNGPL, SPL, SSGC, Thal, TCL, TRG and UBL.