AIG Egypt wins int’l animal health company’s $32mn policy bid

AIG Egypt Insurance, part of American International Group, Inc. (AIG), has won a policy bid to insure the assets owned by one of the foreign veterinary medicine companies working in Egypt.

The policy is a one-year renewable term, with a total sum insured up to 250 million Egyptian pounds (US$32 million), Mohamed El-Ghadrify, a broker with knowledge of the deal, told Amwal Al Ghad Sunday.

El-Ghadrify further said the policy involves an insurance coverage for all the company’s premises, branches, and assets against all dangers arising out of fire and burglary.

AIG is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.