Egypt’s Misr Emirates Life Takaful renews reinsurance deals with Gen Re for 2023
Misr Emirates Life Takaful – Salama has renewed its reinsurance contracts for another year, its managing director…
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S&P Global affirms Orient Takaful Egypt at A with positive outlook
S&P Global Ratings has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer…
GIG Insurance Egypt chooses Baker McKenzie as legal counsel to acquire AIG Egypt
GIG Insurance – Egypt has appointed Helmy, Hamza & Partners, Baker McKenzie Cairo office as its legal counsel…
GIG Insurance Egypt picks Prime as financial advisor to acquire AIG Egypt
GIG Insurance – Egypt has appointed Egyptian investment bank Prime Holding as a financial advisor in a deal to buy…
Egypt names EGX’s Mohamed Farid as financial regulator chairman
Egypt’s President Abdel Fattah al-Sisi has appointed Mohamed Farid as the acting chairman of the country’s market…
Misr Emirates Life Takaful to raise capital to EGP 250 million by year-end
Misr Emirates Life Takaful – SALAMA, part of UAE’s Islamic Arab insurance Companies, plans to increase its paid-up…
GIG Egypt Life Takaful’s gross written premiums exceed EGP 1 billion in FY22
The value of gross premiums written by GIG Egypt – Life Takaful Company has exceeded 1 billion Egyptian pounds ($53…
Egypt’s Contact Financial Holding launches digital comprehensive car insurance product
Egypt’s Contact Financial Holding, formerly Sarwa Capital, has launched on Monday its digital comprehensive car…
AM Best affirms gig Egypt’s B++ rating, with stable outlook
AM Best affirmed on Thursday gig Insurance - Egypt's (gig-Egypt) financial strength rating of B++ (Good) and the…
Egypt’s first actuarial life table for local insurance players to go live early July
Egypt’s first actuarial life table for life insurance will go live as early as next July, the start of the…
Wafa Life Insurance Egypt expects to sign its first-ever bankassurance deal in Q4
Wafa Life Insurance Egypt, a subsidiary of Moroccan insurer Wafa Assurance, said on Tuesday it was in final-stage…
Reinsurer ASR plans to establish new hubs in Egypt, and five other African countries
Africa Specialty Risks (ASR), the pan-African focused reinsurance group, is planning to establish business…
Moody’s affirms GIG Egypt’s Ba2 rating, stable outlook – official
Moody’s Investors Service has affirmed the Ba2 insurance financial strength rating (IFSR) of GIG Insurance - Egypt…
Egyptian Takaful Property wins Orange Egypt’s insurance policy tender
Egyptian Takaful Property and Liability Insurance (EGTAK) has won an insurance policy tender launched by Orange…
Moroccan insurer Wafa Assurance expands activity to Egypt
Morocco's biggest insurance company Wafa Assurance, part of Attijariwafa Bank, has expanded its insurance business…
Orient Takaful wins Crédit Agricole Egypt’s insurance policy tender
Orient Takaful Insurance Company – Egypt has won an insurance policy tender launched by Crédit Agricole Egypt,…
Kuwait Insurance board approves launch of Egypt insurance life unit
Kuwait Insurance Company said on Sunday its board approved plans to launch a life insurance unit in Egypt.
Four insurers lining up to cover assets of Egypt’s top cigarette maker
Four Egyptian insurers are vying to win an insurance policy tender to cover the assets and properties of Egypt’s…
Orange Egypt launches property insurance policy, calling for bidders
Orange Egypt has invited insurers to bid for its new insurance policy designed for its properties against all…
Four insurers lining up bids for TAQA Arabia’s insurance policy
Four Egyptian insurers are vying to win an insurance policy tender to cover TAQA Arabia’s assets, sources familiar…
Egypt’s Mohandes Insurance, Swiss Re renew reinsurance deal for 2021
Egypt’s Mohandes Insurance has renewed a reinsurance contract with Swiss Re Group for another year, chairman and…
Cairo Public Transport Authority launches an EGP3bln policy tender for assets
The Public Transport Authority of Cairo has launched a public insurance policy tender among non-life insurance…
Insurers to allocate additional EGP 1.2bn reserves under new accounting standards, Omran
Implementing the new accounting standard no. 47 for financial instruments, compliant with IFRS9, will result in…
7 insurers vying to cover Egyptian investment authority’s assets – sources
Seven insurance companies are competing to win an insurance policy tender to cover assets and properties of Egypt's…
Egypt’s FRA Oks private insurance funds’ 2.3bn pounds investments in 3 months
Egypt’s market regulator approved on Monday investments of around 2.3 billion Egyptian pounds ($146.1 million) in…
Egypt’s Cooperative Insurance eyes 150 mln pounds profits in FY2020
Egypt’s Cooperative Insurance Society (CIS) targets profits up to 150 million Egyptian pounds ($9.5 million) within…
Compensation paid by Egypt’s Delta Life Assurance 14% up in FY2020 – sources
Compensation paid to clients by Egypt’s Delta Life Assurance rose 14 percent year-on-year during the 2019/2020…
CIS to cover financing of 5 associations in favour of Egyptian state-banks, MSMEDA
Egypt’s Cooperative Insurance Society (CIS) signed contracts to cover financing of five associations in favour of…
Egyptian Mohandes Life Insurance’s premiums fall 13% in FY2020
Egyptian Mohandes Life Insurance posted on Monday around 13 percent year-on-year decline in premiums during the…
Egypt’s CIS, Agricultural Bank inks 60mn pounds loan insurance cover deal
Egyptian Cooperative Insurance Society (CIS) signed a loan insurance cover agreement worth 60 million Egyptian…
Egyptian Mohandes Insurance’s assets climb 5.8% y-o-y June-end
Egyptian Mohandes Insurance’s assets surged 5.8 percent year-on-year to 1.05 billion Egyptian pounds ($66.6…
Egypt’s Metlico paid-in capital likely to rise to 100 mln pounds in 2 years
Egypt’s Misr Emirates Takaful Life Insurance (Metlico) plans to increase its paid-in capital to 100 million…
Egypt’s General Authority for Reconstruction Projects launches fire insurance policy
Egypt-based General Authority for Reconstruction Projects and Agricultural Development has launched an insurance…
Metlico eyes 195 mln Egyptian pounds premiums in FY2020/21
Egypt's Misr Emirates Takaful Life Insurance (Metlico) targets premiums worth 195 million Egyptian pounds ($12.3…
Compensation paid by Egyptian takaful insurance companies 72% up in 6 months
Compensation paid to clients by takaful insurance companies operating in Egypt climbed 72 percent year-on-year…
Egypt’s FRA Oks private insurance funds’ $306.6 mln investments June-end
Egypt’s market regulator approved on Monday investments worth around 4.85 billion Egyptian pounds ($306.6 million)…
S&P affirms Africa Re rating at ‘A-’, outlook at ‘stable’
Ratings agency Standard & Poor's (S&P) has recently affirmed the African Reinsurance Corporation’s (Africa…
Egypt’s Delta Insurance net profits rise 24% y-o-y in FY2020
Egyptian Delta Insurance’s consolidated net profits after taxes increased 24 percent year-on-year during the…
Egyptian insurance companies’ premiums 9.6% up in five months
The premium portfolio of insurance companies operating in Egypt increased 9.6 percent year-on-year during the first…
Egypt’s Delta Insurance eyes 700 mln pounds premiums in FY2021
Egypt’s Delta Insurance targets premiums portfolio up to 700 million Egyptian pounds ($44.1 million) within the…