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JUNE 2015

Mahmood Ahmed, CEO & Mansoor Ali Khan, GM speak at the "Seminar on Engineering Insurances" organized by Lahore Insurance Institute at Faletti's Hotel

As reported in the Lahore Insurance Institute’s Newsletter of June 2015, “In the background of developing scenario of economic infrastructure uplift along with advent of mega power projects, Lahore Insurance Institute realized the significance of these developments and organized an elegant seminar at Faletti’s Hotel on May 14, 2015 to create much needed awareness of Engineering Insurances.

In the left picture is Mr. Mahmood Ahmed & on right side
Mr. Mansoor Ali Khan speaking to audience

This seminar was also designed to provide necessary skills development techniques and expertise to under writers while sharpening the skills of the claim handlers at the same time. Keynote speakers on this occasion were two professionals on Engineering insurance from Hamid Mukhtar & Co. Mr. Mansoor Ali Khan an engineer by profession who has also done his MBA from IBA Karachi having worked in international engineering market spoke on various aspects of skillful underwriting through highly exciting and interactive Mr. Mahmood Ahmed, CEO of Hamid Mukhtar & Company who is also a graduate from UET and who has done his masters in Industrial Engineering from Toronto gave a presentation on big claim demonstrated through video and pictures. He also referred to various aspects which is taken care of can mitigate an otherwise big claim.

From left to right Mr. Mansoor Ali Khan, GM Hamid Mukhtar & Co., Mr. Nasir Us Samad CEO of Alfalah, Mr. Qamber Hamid Sr. Deputy Managing Director of EFU, Mr. Amir Nayab Head of Engineering and Mr. Mahmood Ahmed, CEO Hamid Mukhtar & Co.

 

Mr. Mahmood Ahmed & Mr. Mansoor Ali Khan receiving plaques.

 

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October 2013

Founder of HMCL, Engr. Hamid Mukhtar Ahmed, gets recognition from Insurance Association of Pakistan for his services to the insurance industry, spanning over 4 decades.





On 27th September 2013 The Insurance Association of Pakistan (IAP) presented a memento to late Engr. Hamid Mukhtar Ahmed in recognition of his exemplary services and contribution to the Insurance industry of Pakistan. This is a very august and memorable moment in the organizations’ history. The address made to the gathering, before handing out the award, at the IAP annual dinner on 27th September 2013 is as follows:



Brief on (late) Engr. Hamid Mukhtar Ahmed

Born in 1924, Engr. Hamid Mukhtar Ahmed completed his matriculation in 1939 and Intermediate in 1941 from Delhi board. He graduated as a Mechanical Engineer in 1946 and completed his Masters in Electrical Engineering in 1947, both from Aligarh University. He migrated to Pakistan in 1948.

He spent the next 3 years in United Kingdom where he obtained plant manufacturing experience and then joined the English Electric Company in Pakistan, worked there for 12 years as zonal manager. In 1964, he decided to join the loss adjusting profession and obtained licenses to act as an Insurance Surveyor, being one of the first engineer surveyors in Pakistan.

Due to his expertise and experience he soon became one of the most preferred loss adjusters, not only in the Pakistani market but was also recognized by many International Re-insurers, especially Munichre, with whom he developed a very close working relationship. Engr. Hamid Mukhtar worked jointly with MunichRe on the well-known risk inspections for all Electrical installations and power plants installed in Pakistan in the late 70's that included 22 power stations and 250 grid stations, a unique assignment ever undertaken by any Pakistani Engineer.

He established his name not only in the Engineering Sector, but also provided his services for Major Fire and Allied Perils losses all over Pakistan, especially in Punjab and the Northern Areas. His contribution to banking sector as a Valuation consultant is also highly acknowledged.

Engr. Hamid Mukhtar was a very well respected employer and believed in team work. He was rated as an exceptional teacher by his colleagues and employees. Due to this reason, Hamid Mukhtar & Co. has always been nurturing some of the finest professionals within the organization many of whom started their own organization after obtaining their licenses. This has been one of his greatest contributions. He introduced a unique way of report writing which was adopted by many of his colleagues and contemporaries.

On 17th January 2007 at the age of 82, while working at his desk he suffered a massive heart attack and was rushed to the hospital where unfortunately he breathed his last and left us all for his heavenly abode. This was the culmination of more than 40 years as an engineer, loss adjuster and a professional.

 

Mahmood Ahmed, CEO & Mansoor Ali Khan, GM speak at the “Evolving Coal Power and Mining - Risk Management & Insurance Solutions”




Left: John Nolan, Director, Lockton MEN A. Centre top: Mahmood Ahmed, CEO & bottom: Monsoor Ali Khan, GM, both of Hamid Mukhtar & Company. Right: Tahir Jawaid, SVP, Corporate Services & New Ventures, HUBCO



MAHMOOD AHMED

Power Claims

Mahmood Ahmed, CEO Hamid Mukhtar & Company (Pvt) Ltd provided classification and types of losses in power plants and went on to explain that since 2005, based on a sample of 150 major losses totaling US $ 1.8 billion, a study of a range of different causes show some clear patterns emerging. In total, losses attributed to weather events, fire, or machinery breakdown account for more than 95% of the 150 losses.

Impressive graphical representation of typical losses in energy generation projects were shared with the participants and to address such issues, Ahmed recommended to have continuous professional development and training for Loss Adjusters required due to changing technologies and newer insurance products; use of experts to handling large losses; return period based design calculations need to be revisited for NAT CAT; project delays in case exposure for underwriters and regular follow up by insurers and risk surveys are always helpful.




Speakers and Panelists - afternoon session



MANSOOR ALI KHAN

Risk Management & Coal Transport, Storage & Handling Systems in Power Plants

Mansoor Ali Khan, General Manager, Hamid Mukhtar & Company (Pvt) Ltd presented on Coal Power Plant initiatives, transportation handling, storage, hazards and risks, detection, protection and prevention measures and power plant coal related accidents.

Khan highlighted issues related to transportation, viz only two seaports to handle the imports of heavy machinery; highways leading to the project site are often over crowded; inefficient railroads; inadequate rolling stock to handle the transportation and power plant sites located close to urban population; and lack of technical and supply-chain expertise.

The hazards posed are: spontaneous heating, dust-control glass bag filters, fire control, emission control, ventilator fans, spill control-conveyor shroud; tracking management; coal crushers/grinding plants water sprays, fire retardant low smoke cables and personnel safety. Khan concluded citing case studies of coal plant, fire accidents and interesting slides of heavy equipment used for coal power generation process.