Suez Canal Insurance wins Petrojet’s $262.2 million Policy

Egypt’s leading composite insurer, Suez Canal Insurance, has been selected to insure the oil company, Petrojet’s properties and civil liability, Engineering Sector Head Moshira Maamoun told Amwal Al Ghad.

Maamoun stated that Petrojet’s insurance policy is with sum insured exceeding 2 billion Egyptian pounds (US$262.2 million).

The insurer official further said the insurance policy would also include coverage against dangers of land, maritime, and air transports. Suez Canal Insurance would also insure Petrojet’s vehicles and warehouses.