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 (...)
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 (...)
The Arab Orient Takaful Insurance Company plans to increase paid-up capital to EGP 100 million in 2013, said Mohamed Abdel Gawad, managing director of the company.
The company awaits the insurance brokers' commissions to be stable in order to pay (...)
The Arab Orient Takaful Insurance Company plans to launch a new branch in the upcoming period, beside its branches in Heliopolis, Mohandseen, Hurghada and Alexandria, said Mohamed Abdel Gawad, managing director of the company.
The company did not (...)
Insurance experts affirmed that the unstable value of the dollar will affect negatively on economy in general and insurance market in particular because of the loss resulting from the gap between the value of collected premiums paid in local (...)
Arab Orient Takaful Insurance Company renewed reinsurance agreements with Leader Score Reinsurers and Takaful Re for 2013, said Mohamed Abdel Gawad, managing director of the company.
The reinsurers did not impose extra conditions because of the (...)
The Arab Orient Takaful Insurance Company targets to achieve premiums of EGP 250 million in FY 2014/2015, said Mohamed Abdel Gawad, managing director of the company.
The company plans to achieve premiums of EGP 160 million in FY 2012/2013 and it (...)
The Egyptian insurance sector achieved high increase in premiums in the last fiscal year as they reached EGP 10.562 billion at the end of last June, said Alaa El-Zoheiry, managing director of Arab Misr Insurance Group (AMIG). Such increase is (...)
Yasser Al-Alam, Managing Director of Egypt Link Insurance Brokerage, said insurance companies compete to sign health insurance contract to insure the staff of Cleopatra Ceramics.
Al-Alam added that the bid was announced from six months and was not (...)
Arab Misr Insurance Group (AMIG) succeeded in renewing reinsurance agreements for next year, said Ali Bashendy, general manager of technical affairs at AMIG.
AMIG deals with the leading reinsurers such as Munich Re and Swiss Re which have credit (...)