AMIG’s Premiums Hit EGP 302 Mln In FY 2011/12

The Arab Misr Insurance Group (AMIG) posted premiums of EGP 302 million in FY 2011/2012, up 11% from a year earlier.

The paid compensations surged to EGP 112 million in the last fiscal year, registering an increase of 16%, said Alaa El-Zoheiry, managing director at AMIG.

It is worth mentioning that A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of B++ and issuer credit rating of “bbb” to Arab Misr Insurance Group S.A.E (AMIG). The outlook for both ratings is stable. Such ratings are considered the highest ones for an insurance company in the region that is witnessing political turmoil in the current period.