TPL Insurance Limited has officially adopted a new identity after completing a change in ownership earlier this year. The company is now operating as JazzSure Insurance Limited.
The name change took effect on October 7, 2026. It follows Jazz International Holding Limited’s acquisition of a 76.33% controlling stake in the company on July 13.
The company disclosed the development in a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday. The move follows several months of regulatory approvals and transaction-related developments.
TPL Insurance Officially Becomes JazzSure
The change follows the completion of Jazz International Holding Limited’s acquisition of controlling shares in TPL Insurance.
The company stated in its notice:
“Consequent upon completion of the acquisition on 13th July 2026 of a controlling stake in the Company by Jazz International Holding Limited, a subsidiary of VEON Ltd., a global digital operator, Jazz International Holding Limited now holds 76.33% of the issued share capital of the company,”
Following the acquisition, members of TPL Insurance approved the name change at an Extraordinary General Meeting.
The resolution changed the company’s name from “TPL Insurance Limited” to “JazzSure Insurance Limited”.
The company further stated:
“Consequently, the company’s name has changed from ‘TPL Insurance Limited’ to ‘JazzSure Insurance Limited’ with effect from 7th October, 2026.”
How the Jazz Acquisition Started
The ownership transition began with an initial expression of interest in 2025. VEON Group Holding Company Ltd first announced its intention to acquire shares and control in TPL Insurance on September 4, 2025.
The move signalled a potential entry into Pakistan’s insurance sector. At the time, TPL Corp Limited held a 52.87% stake in TPL Insurance.
TPL Corp granted in-principle approval for the proposed transaction on September 8, 2025. However, the identity of the acquiring company later changed.
On December 16, 2025, Jazz International Holding Limited became the confirmed acquirer of TPL Insurance. It replaced VEON Group Holding Company Ltd in the transaction.
Jazz International Holding Limited is a subsidiary of VEON Ltd. Therefore, VEON Group remained the ultimate beneficial owner following the change.
The following day, on December 17, 2025, the TPL Corp Limited Board approved the final signing of a Share Purchase Agreement (SPA).
The agreement covered the sale of TPL Insurance to Jazz International Holding Limited.
SECP Approves the Acquisition
The transaction subsequently moved through Pakistan’s regulatory process. On February 11, 2026, the Securities and Exchange Commission of Pakistan (SECP) approved the acquisition.
The approval anticipated increased insurance penetration and foreign investment.
TPL Corp Limited then formally entered into the Share Purchase Agreement with Jazz International Holding Limited on March 5, 2026.
The agreement covered the sale of shares and the transfer of control of TPL Insurance Limited.
A few days later, Jazz International Holding Limited entered into a definitive agreement on March 8, 2026.
Under the agreement, the company agreed to acquire a controlling stake in TPL Insurance for approximately Rs4.15 billion.
Acquisition Cleared by Competition Commission
The acquisition also required approval from the Competition Commission of Pakistan (CCP). The commission authorised the transaction on April 14, 2026, following a Phase-I review.
The CCP determined that the transaction represented a conglomerate merger. It also found no significant competition concerns.
The acquisition was completed several months later. On July 13, 2026, Jazz International Holding Limited acquired a 76.33% stake in TPL Insurance.
The transfer of shares also gave Jazz International Holding Limited control of the company.
What Led to the JazzSure Name?
The ownership change ultimately paved the way for TPL Insurance’s new identity.
Following the acquisition, members of TPL Insurance formally approved the new name at their Extraordinary General Meeting. The company then adopted the JazzSure Insurance Limited name from October 7.
The transaction also formed part of Jazz’s plans to expand its digital financial services portfolio in Pakistan.
The acquisition was intended to integrate insurance with existing services, including JazzCash, Mobilink Bank and FikrFree.
With the ownership transfer completed and the name change now effective, TPL Insurance has entered a new phase under the JazzSure identity.
The company’s transition follows a year-long process involving the proposed acquisition, changes to the acquiring entity, regulatory approvals, transaction agreements and the eventual transfer of control.
As of October 7, 2026, the former TPL Insurance Limited officially operates under the name JazzSure Insurance Limited, with Jazz International Holding Limited holding a 76.33% controlling stake.
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