Essam Rashed, head of Marine Hull Insurance Committee and general manager of Marine Insurance sector at Suez Canal Insurance Company, said the committee will be discussing the repercussions of the Grand Ethiopian Renaissance Dam upon boats and (...)
Senior sources in Royal Insurance Company told Amwal Al Ghad that the company has concluded its reinsurance agreements without adding new conditions and regulations. This was in the awake of the company's good results that have boosted the (...)
Ahmed Shoukry, Managing Director at Suez Canal Life Insurance (SCLI), said that his company intends during the upcoming period to expand geographically in the west and middle of delta by opening new branch in Mansourah. Shoukry explained, in his (...)
Africa Re Spurs Reinsurance Sector In the Continent
Royal Eyes Capital Increase Up To EGP 100 Mln
EGP 300 Mln Forecasted Insurance Premiums in 2013
Political Turmoil Clogs Insurance Awareness
The insurance sector in the African continent has (...)
Gaining confidence of banks' customers after launching bancassurance is the greatest challenge facing insurance companies
Parent company is expected to achieve US$ one billion premiums in 2013 and to expand in three Arab countries
GIG Egypt achieved (...)
African Reinsurance Corporation (Africa Re) targets to achieve premiums of US$ 770 million by the end of 2013, said Omar Gouda, Regional Director of Africa Re for North East Africa and the Middle East.
The company has collected premiums worth US$ (...)
The African Reinsurance Corporation (Africa Re) plans to inaugurate four new regional offices in Africa in the upcoming period, said Omar Gouda, Regional Director of Africa Re for North East Africa and the Middle East.
Africa Re has 10 regional (...)
Royal Insurance Company is getting ready to finalize the procedures of renewing reinsurance agreements, sources said.
The company deals with more than a reinsurance companies in European and Arab countries as well as some of the reinsurers in North (...)
Misr Insurance Company's motor insurance premiums are expected to reach EGP 241 million by the end of next June, said Khaled Farouk El-Mallah, general manager of Research, Development and International Relations at the Misr Insurance Holding (...)
Kuwait's Gulf Insurance Company K.S.C. (GIC) plans to expand regionally in United Arab Emirates in the upcoming period.
The company has recently acquired 20% of Alliance Insurance – Dubai as a first step to expand into the Emirati market in the next (...)
Egypt Link Insurance Brokerage currently studies the offer presented by Banque Misr to insure the latter's employees.
Shafaei Abdel Aziz, executive director of Egypt Link, revealed that the insurance policy will cover the employee's pensions in (...)
The Arab Misr Insurance Group (AMIG) signed a contract to insure Scimitar Production Egypt's oil wells in Ras Ghalib with EGP 1.6 billion (US$ 234 million).
The insurance policy includes coverage over the pipelines, crude oil storage tank and (...)
Royal Insurance Company plans to expand geographically through launching two new branches in Cairo in the next period, raising its number of branches to 14.
One branch will be launched in Sixth of October City and the second one will be in Nasr City (...)
The Lebanese Delta Insurance Holding Company will finalize the acquisition procedures of Solidarity Family Takaful Egypt before the end of the current fiscal year, said Ahmed Ramadan, managing director of Solidarity.
After the acquisition process is (...)
Iskan Insurance Company plans to inaugurate two new branches outside Cairo, raising the number of its branches to five after launching a new branch in Nasr City at the beginning of the current fiscal year, said Hammam Badr, chairman and managing (...)
The chairman of Delta Insurance Company El-Sayed El-Gohary has purchased 2.84% stake (640,000 shares) in the company which has 22.3 million shares.
El-Gohary raised his stake in the company to 4.012% after purchasing 640,000 shares for EGP 4.096 (...)
Royal Insurance Company has offered MENA Submarine Cable Systems, subsidiary of Orascom Telecom Holding, compensation of EGP 5 million as a result of submarine cable malfunction that led to big losses, sources said.
MENA Submarine is a submarine (...)
The Egyptian Financial Supervisory Authority (EFSA) revealed that insurance companies achieved premiums written of EGP 198.9 million last November, compared to EGP 230.3 million in October 2012.
Non-life insurance policies accounted for 82.8% of the (...)
El Pharaonia Insurance Brokerage Company has assigned Chartis Egypt Insurance Company to insure Fawry electronic bill service with insurance value of more than EGP 100 million, said Sameh Thabet, chairman of the insurance brokerage company.
The (...)
El Pharaonia Insurance Brokerage Company assigned three insurance companies to issue the insurance policy of Raya Holding, said Sameh Thabet, chairman of the insurance brokerage company.
El Pharaonia assigned Arab Misr Insurance Group (AMIG), (...)
El Pharaonia Insurance Brokerage Company targets to launch a new branch in Alexandria in the upcoming period, said Sameh Thabet, chairman of the company.
The company studies to move its headquarters in Downtown to Nasr City because of the security (...)
Royal Insurance Company signed an insurance contract to insure an Italian cement company for a year, said Hassan Darwish, managing director of the company.
The insurance premium of the policy reaches to €3 million (=EGP 30 million), in addition to (...)
Misr Insurance Company paid compensations of EGP 6.7 million for the owners of stolen cars last January, said Ahmed Abul Enein, head of Motor Insurance Sector at the company and Motor Insurance Committee of the Insurance Federation of Egypt (...)
Arab Misr Insurance Group's (AMIG) engineering insurance premiums rose 28% by the end of last December, said Atef Moustafa, deputy general manager of Engineering Insurance Sector at AMIG.
The company managed to make a quantum leap in the growth rate (...)
Arab Misr Insurance Group (AMIG) insured the 44th Cairo International Book Fair which ended last January 9th, 2013 with EGP 10 million, said Makeen Lotfy, deputy general manager of Business & Products Development Sector at AMIG.
AMIG offered the (...)