Royal Insurance Renews Reinsurance Agreements Successfully
Royal Insurance Company succeeded in renewing its agreement with foreign reinsurance companies, said Medhat Saber, deputy managing director of the company.
The company deals with a number of reinsurance companies which have strong solvency positions and are certified by legislative bodies in the Egyptian insurance market. The sound underwriting policy adopted by the company was a main reason behind the aversion of possible disputes between the company and reinsurers, saber added.
Royal Insurance Company achieved premiums of EGP 215 million in FY 2011/2012 ended on last June 30th, compared to EGP 182 million in FY 2010/2011.
