Gras Savoye Egypt Eyes EGP50mn Premiums from Branches Abroad

Gras Savoye Insurance Broker – Egypt is targeting US$50 million premiums collected by its branches abroad within the current year, said Managing Director Hamed Mabrouk.  

In a recent statement to Amwal Al Ghad, Mabrouk explained that his company has two branches in Sudan and Jordan, stressing that it plans by coming months to increase its presence in the Arab world. 

Gras Savoye Egypt’s board of directors agreed to expand in Kuwait and Yemen, Mabrouk added.

Furthermore, the company is looking forward opening up ts branch in Libya provided that security and political stability is restored there.