Jazz Int’l Holding Ltd enters agreement to acquire controlling stake in TPL Insurance

Jazz International Holding Limited, a subsidiary of VEON incorporated in the UAE, has entered into a definitive agreement to acquire a controlling stake in TPL Insurance Limited (TPL Insurance), a publicly listed insurance company in Pakistan, for a purchase price of approximately Rs4.15 billion. TPL Insurance is a digital-first insurance provider offering auto, health, fire, and property insurance products through its well-established distribution capabilities and holds a general insurer license. The company reported Gross Written Premium (GWP) of Rs5.7 billion and more than 277,000 policies issued as of December 31, 2025. An AA-rated insurer and widely recognized as one of Pakistan’s leading InsurTech players, TPL Insurance continues to strengthen its position through a fully digital operating model that enables scalable, technology-driven insurance solutions.