Misr Insurance Seizes Americana’s EGP 4 Bln policy

Informed sources told Amwal Al Ghad that Misr Insurance Company (Non-Life) captured the Insurance Policy on Americana Group,noting that the insurance policy worth EGP 4 billion.

The source added that the policy shall cover the political violence risks and it is for one year renewable.

The source pointed out that in the recent time is witnessing huge demands on the political violence policy fueled by the fear from potential violence and the repercussions which may accompany the going demonstrations all over Egypt.

It is worth mentioning that Misr Insurance aims to achieve premiums volume worth EGP 4.002 billion in the estimated budget of 2013/14 fiscal year.