Arab Orient Takaful Wins Four Seasons Hotel’s Insurance Policy

Egypt’s Arab Orient Takaful Insurance Company has won an insurance policy for Four Seasons Hotel’s premise CEO Mohamed Moustafa Abdel Rasoul said.

Speaking to Amwal Al Ghad on Wednesday, Abdel Rasoul said the insurance policy would be with total premiums worth 3 million Egyptian pounds (US$ 419.545 million).

As pursuant to the insurance policy, Arab Orient will provide insurance coverage to the bank against all risks of fire, burglary, and other dangers related to the hotel’s premise, he elaborated.

Elsewhere, Abdel Rasoul further referred that his company started renewing for one further year its agreements with the foreign reinsurers. Arab Orient is dealing with multiple foreign reinsurers, led by Scor Re.