ICEC

Delta wins $5.2 mln insurance policy for carbon factory in Egypt – broker

Egypt’s Delta Insurance Company has won a policy bid launched by one of the companies operating in carbon industry, managing director of insurance broker Promise Ahmed Naguib said Monday.

Naguib further told Amwal Al Ghad that the policy is with total sum insured of 46 million Egyptian pounds ($5.2 million).

The insurance policy involves insurance coverage for the factory against risks arising out of fire and burglary. It also insures commodities in the factory against any potential dangers they may go through, Naguib added.

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