Shaker Riad & Sons Assigns Allianz To Insure Printing Factory

Shaker Riad & Sons Insurance Brokers has assigned Allianz Egypt Company to insure a printing plant for a year, said Adel Shaker, chairman of the insurance brokerage company.

Allianz succeeded in signing the insurance contract after competing with Misr Insurance Company and Egyptian Takaful Non-life Insurance Company, he added.

The insurance policy covers the printing factory against risks of fire, machinery breakdown, revenue loss, riots and labor and civil disturbances with EGP 215 million.