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Financial Institutions
Egyptian Takaful Life Insures Pharma Overseas’ Employees With EGP 134 Mln
The Egyptian Takaful Co. - Life signed an insurance contract to insure the employees of Pharma Overseas Company…
Insurance Federation Of Egypt Studies Suggestions Proposed By Technical Committees
Abdel Raouf Kotb, chairman of the Insurance Federation of Egypt (IFE), revealed the results of IFE’s meeting that…
Swiss Re Reports Net Income Of Usd 83 Million, Demonstrating Underlying Earnings Power
Swiss Re reports a net profit of USD 83 million for the second quarter of 2012. The result is impacted by the sale…
Allianz Egypt Announces New CFO
Allianz Egypt welcomes Ayman Hegazy, the company’s new CFO, who will be taking place of the company’s current CFO…
Wethaq Takaful’s Premiums Down By 15% In FY 2011/12
Wethaq Takaful Insurance Company posted premiums of EGP 77.4 million in FY 2011/2012, down from EGP 91.5 million,…
Suez Insurance’s Car Compensations Hit EGP86.6 Mln In FY 2011/12
Suez Canal Insurance Company's paid car compensations reached EGP 86.6 million in FY 2011/2012 excluding revenues…
Insurer Catlin Back In Profit As Catastrophes Ease
Bermuda-based insurer Catlin (CGL.L) swung back to profit in the first six months of 2012, helped by a sharp drop…
Ageas Insurance Net Tops Estimates As Combined Ratio Drops
Ageas SA (AGS), the majority owner of Belgium’s biggest life insurer, reported insurance profit that beat analyst…
IMF Approves New Loans To Morocco, Jordan
The International Monetary Fund (IMF) on Friday approved loans to Morocco and Jordan after they were hit by…
Compensating Cars Damaged Around Nile City Depends On Riots Insurance Policy
The riots and civil unrest insurance policy is what covers the cars damaged during the riots sparked in the area…