Red Sea Co. Assigns Misr Insurance To Insure Alfa Ceramic With EGP 700 Mln

The Red Sea Insurance Brokerage Company assigned Misr Insurance Company to insure Alfa Ceramic for a year, said Mohamed El-Ghatrefy, managing director of the insurance brokerage company.

The value of the insurance policy is EGP 700 million, he added. The insurance policy covers the company against risks of fire, burglary, money transfer, breach of trust, marine transport and internal transport as well as insurance coverage over the company’s car fleet.

It is worth mentioning that Misr Insurance Company achieved premiums of EGP 1.6 billion in the first half of FY 2012/2013.