Arab Orient Takaful Renews Reinsurance Agreements Without Extra Conditions

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 company’s good results in the last years, Abdel Gawad added.

The company achieved high profits because of its diversified products which attract new customers in the current period.

It is worth noting that Arab Orient Takaful Insurance Company targets achieving premiums of EGP 250 million by the end of FY 2014/2015.