El Pharaonia Assigns 3 Companies To Insure Raya Holding
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), Chartis Egypt Insurance and Arope Insurance Egypt to provide the insurance policy with value of EGP 1 billion and premium of EGP 2 billion.
AMIG will provide Raya with insurance coverage against risks of political violence, riots, disturbances, fire, burglary and breach of trust. Chartis will offer coverage against risks of fire, burglary and breach of trust as well as land and marine transport insurance coverage. Arope will insure the company’s vehicles.
It is worth mentioning that El Pharaonia Insurance Brokerage Company targets to achieve premiums of EGP 50 million to insurance companies in the next three years.
