Misr Insurance renews Etisalat Egypt’s $901mn policy

The leading insurer in MENA region, Misr Insurance Company has renewed an insurance policy for the Egyptian arm of UAE telecom operator Etisalat.

With a total sum insured up to 8 billion Egyptian pounds (US$901 million), the policy is tailored for Etisalat Misr’s assets and properties, Insurance’s division manager, Hossam Hefnawy told Amwal Al Ghad by phone Sunday.

The policy is a one-year renewable term, involving an insurance coverage for Etisalat Misr’s administrative building in Downtown area alongside other locations, electronic devices, and vehicles of all dangers arising out of fire, burglary, and other risks, he added.