Suez Canal Insurance launches representative office in Fayoum

Egypt’s leading composite insurer, Suez Canal Insurance has inaugurated a new branch and representative office in Fayoum city, 100 kilometres (62 miles) southwest of Cairo, its general manager announced Monday.

Hence, Suez Canal Insurance’s branches have surged to 38 in addition to a representation office, Ahmed Shehab added.

Meanwhile, insurer has revealed a 33.6 percent rise in premiums for the first half of the financial year 2015-2016, to reach 322 million Egyptian pounds (US$41 million), from 241 million in the same period a year earlier.