Browsing Category
Financial Institutions
Xl Catlin lead underwriter for missing EgyptAir plane: sources
Ireland-based insurer XL Catlin is the lead underwriter and Marsh is the broker for the EgyptAir plane which…
Shell, SFD Egypt sign preliminary agreement
Egypt’s Social Fund for Development (SFD) has signed Wednesday a memorandum of understanding with oil giant Shell…
AXA France CEO Nicolas Moreau to step down in June
French insurer AXA SA CS said Wednesday the head of its French operations, Nicolas Moreau, will leave the company…
Goldman Sachs cuts equities to ‘neutral’, upgrades commodities
Goldman Sachs downgraded equities to "neutral" over a 12-month time-frame on growth and valuation concerns, but…
IMF wants Greece off bailout loan hook until 2040
The International Monetary Fund (IMF) is pressing the eurozone to let Greece skip paying interest or principal on…
Iskan Insurance wins Sheraton Tirana Hotel policy bid
Cairo-based Iskan Insurance Company has won a policy bid for Sheraton Tirana Hotel in Albania, a senior source in…
S&P cuts Egypt’s credit outlook to ‘negative’ on finance pressure
Standard & Poor's rating agency has on Friday cut Egypt’s credit outlook to negative from stable. The Global…
Takaful seizes 12.77% of total insurance premiums in Egypt
The Egyptian takaful premiums have managed to capture in two months around 12.77 percent of the total insurance…
IMF: Egypt surpasses South Africa as second largest economy in Africa
Egypt has surpassed South Africa as the second largest economy in Africa, the International Monetary Fund (IMF)…
Willis’s profits hit $1.7 billion following Gras Savoye acquisition
The multinational insurance brokerage, Willis Towers Watson (WTW) registered $1.7 billion in profits after its…