Gras Savoye Egypt To Launch 2 New Branches

Gras Savoye Egypt – Insurance Broker plans to inaugurate two new branches in El Katameya – El Tagamu El Khames and Alexandria, said Hamed Mabrouk, managing director of the company.

The company targets to expand in Upper Egypt and increase the value of premiums by 25% by the end of 2013 as compared to 2012 in which the company achieved premiums of EGP 150 million, Mabrouk told Amwal Al Ghad.

Gras Savoye Egypt has assigned Arab Orient Takaful Insurance Company to insure Family Transport against all risks, he added.

Gras Savoye Reinsurance Brokerage is making some administrative changes to improve its performance in the next period as it appointed Khaled Mohy as its managing director for commercial affairs.