Misr Insurance Insures Future Pharma With EGP 500 Mln

Misr Insurance Company signed a contract to insure Future Pharma for a year with an insurance value of EGP 500 million, said Al Husseini Abdel Aziz, Managing Director of Al-Sharq Insurance Brokerage Company.

The insurance policy covers the company’s assets against risks of fire and burglary as well as third-liability insurance and extra risks. Misr Insurance Company also provides the company with marine cargo insurance and breach of trust coverage over the company’s products.

It is worth mentioning that Misr Insurance Company targets achieving premiums of EGP 3.8 billion in FY 2012/2013.