EFG Hermes Holding, GB Capital launch Kaf

EFG Hermes Holding and GB Capital have rebranded Tokio Marine Egypt Family Takaful (TMFT) to KAF after they acquired 75 percent of the company’s shares in 2020, according to an official statement released on Monday.

This step has been taken under the guidance of new management following the acquisition. The company looks forward to facilitating the access of a larger segment of Egyptians for insurance services.

Kaf aims to be unique by making insurance effortless for their customers and providing them with straight-forward, fair, and value-for-money insurance solutions.

The new company had witnessed an exceptional growth from 100,000 customers before the acquisition, since the completion of the process 18 months ago.

Noteworthy, that the company is currently providing life insurance services to about 2 million Egyptians in 2022, as the company focused on issuing insurance policies targeting employees, small business owners and the micro-enterprise sector.