TPL Insurance Limited has officially changed its name to JazzSure Insurance Limited, completing its absorption into the Jazz group after VEON subsidiary Jazz International Holding acquired a controlling 76.33 percent stake in the company. The company disclosed the change in a filing with the Pakistan Stock Exchange on Wednesday.
The Securities and Exchange Commission of Pakistan issued the certificate confirming the name change with effect from October 7, 2026, after shareholders approved the move at an extraordinary general meeting on October 2.
How the rename was approved
Shareholders voted for the change at an extraordinary general meeting on October 2. The SECP then issued a certificate of incorporation on change of company name.
The company disclosed the name change under Sections 96 and 131 of the Securities Act, 2015, and the Pakistan Stock Exchange’s listing regulations. It also said the exchange’s trading rights entitlement certificate holders would be informed.
The Jazz takeover in numbers
The rebrand follows the July 13, 2026 completion of the acquisition by Jazz International Holding Limited, a subsidiary of VEON Ltd., the global digital operator. The deal came after a mandatory tender offer and shares bought from TPL Corp, giving the holding company 76.33 percent of the issued share capital.
Deal snapshot:
| Item | Detail |
|---|---|
| New name | JazzSure Insurance Limited (PSX: TPLI) |
| Acquirer | Jazz International Holding Limited (VEON Ltd. subsidiary) |
| Stake | 76.33 percent of issued share capital |
| Consideration | Approx. PKR 4.55 billion (~USD 16.4 million) |
| Acquisition completed | July 13, 2026 |
| EGM approval | October 2, 2026 |
| SECP name-change effective | October 7, 2026 |
| Gross written premium | PKR 5.7 billion (~USD 20.6 million), as of Dec 31, 2025 |
| Policies issued | More than 277,000 |
| Credit rating | AA |
TPL Insurance operated as a fully digital insurer offering motor, health, fire, property and other general insurance products. VEON has described the transaction as adding an insurer to its Pakistan ecosystem alongside JazzCash and Mobilink Bank, with the group’s platforms serving more than 100 million customers.
What JazzSure Insurance means for customers
For policyholders, the rename signals where the company is heading. In recent years Jazz has built a presence well beyond telecom, through JazzCash, cloud services, enterprise solutions and digital platforms. The insurer now sits inside JazzWorld, the group’s integrated digital services business.
The acquisition lets Jazz enter Pakistan’s insurance market and tie insurance products into its digital ecosystem, the embedded finance model now spreading across the country’s fintech sector.
VEON sees the deal as small at its current scale but large in long-term growth potential, given how underinsured Pakistan remains. The 76.33 percent stake gives it full control to steer the insurer toward digital-first products.
FAQ
Why did TPL Insurance change its name to JazzSure Insurance?
The rename follows the acquisition of a 76.33 percent controlling stake by Jazz International Holding Limited, a subsidiary of VEON Ltd. The new name brings the insurer in line with the Jazz brand and the group’s integrated digital services strategy.
When did the change take effect?
The Securities and Exchange Commission of Pakistan issued the certificate confirming the name change with effect from October 7, 2026. Shareholders had approved the move at an extraordinary general meeting on October 2, 2026.
What happens to existing TPL Insurance policies?
The name change does not create a new company. The SECP’s certificate of incorporation on change of name means the same legal entity continues under the JazzSure Insurance Limited name, so existing policies remain with the company.
Who owns JazzSure Insurance now?
Jazz International Holding Limited, a subsidiary of global digital operator VEON Ltd., holds 76.33 percent of the issued share capital, following an acquisition completed on July 13, 2026 at a consideration of about PKR 4.55 billion.
What is Jazz’s plan for the insurer?
Jazz aims to fold insurance into its digital ecosystem alongside JazzCash and Mobilink Bank, which serve more than 100 million customers, selling digital-first insurance through its own platforms.
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Originally reported by propakistani.pk.
