Misr Insurance wins Evergrow Fertilisers’ $255mn policy tender
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets and properties of Evergrow, an Egyptian major manufacturer for many kinds of specialty fertilizers.
Evergrow’s policy is with total sum insured of approximately 2 billion Egyptian pounds (US$255 million), Hossam El-Hefnawy – Head of Insurance at Misr Insurance – told Amwal Al Ghad Thursday.
El-Hefnawy further said Evergrow’s policy is a one-year renewable term, and it involves an insurance coverage of dangers arising out of fire, burglary, other risks, earthquakes, floods, explosions, and accidents.
