Suez Canal Insurance wins policy for East Port Said tunnel drilling equipment

Egypt’s leading composite insurer, Suez Canal Insurance Company has won a policy bid to insure one of the drilling equipments designated to build a new tunnel under the East Port Said.

Tarek Qadry, General Manager of Marine Insurance Deputy at Suez Canal Insurance, told Amwal Al Ghad on Thursday that the insurance policy is with total sum insured worth 17 million Egyptian pounds ($2 million).

Qadry further said that the policy involves covering all risks of land transport such as armed robbery, as well as of damage to property arising out of loading or unloading operations.