Money Three insurers bid for Alexbank’s blanket bond policy Eslam Abdelhameed Dec 17, 2018 0 AlexBank, a member of Italian bank Intesa Sanpaolo, has received the technical and financial offers from three…
Financial Institutions A.M. Best affirms GIG-Egypt’s BBB rating Eslam Abdelhameed Aug 11, 2018 0 Rating agency A.M. Best on Thursday maintained Egypt-based Arab Misr Insurance Group’s (GIG-Egypt) “BBB” issuer…
Financial Institutions GIG-Egypt, Germany’s Hannover Re reach reinsurance renewal deal Yomna Yasser Jan 11, 2018 0 Egypt’s Arab Misr Insurance Group (GIG) has reached a further one-year renewal for its reinsurance agreement with…
Financial Institutions Insurance Federation of Egypt appoints new head Yomna Yasser Aug 15, 2017 0 Egypt’s Insurance Federation (FEI) has voted Alaa El-Zouhery, managing director of Arab Misr Insurance Group – GIG,…
Financial Institutions GIG-Egypt wins Kuwaiti AlKharafi’s $32mn Athens Cypria hotel insurance policy Yomna Yasser Aug 7, 2017 0 Egypt’s Arab Misr Insurance Group – GIG has won a $32 million hotel insurance policy tender launched by Kuwait's Al…
Financial Institutions A.M. Best affirms GIG-Egypt’s rating at BBB with stable outlook Yomna Yasser Jun 28, 2017 0 A.M. Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb”…
Financial Institutions South Cairo and Giza Flour Mills launches property insurance policy tender Yomna Yasser May 29, 2017 0 The state-run South Cairo and Giza Mills and Bakeries has put out to tender a new insurance policy to cover its…
Financial Institutions GIG-Egypt wins Petrojet’s insurance policy tender Yomna Yasser May 25, 2017 0 Arab Misr Insurance Group – GIG has won for the second time in a row a tender to provide property insurance cover…
Financial Institutions GIG wins Egyptian Iron and Steel’s insurance policy tender Yomna Yasser Mar 19, 2017 0 Arab Misr Insurance Group – GIG has won a tender to provide insurance cover for one of Egypt’s largest public…
Financial Institutions Etisalat Misr launches $50 million political violence insurance policy tender Yomna Yasser Mar 8, 2017 0 Etisalat Misr, the Egyptian arm of UAE telecommunications operator, has put out to tender a new political violence…
Financial Institutions 5 qualifiers vying to win Telecom Egypt’s insurance policy tender Yomna Yasser Feb 1, 2017 0 Five insurers are competing to win the new personal accident and public transportation insurance policy launched by…
Financial Institutions Egypt delays insurance tender results of two power plants till year-end Yomna Yasser Nov 28, 2016 0 The state-run Egyptian Electricity Holding Company (EEHC) will postpone selecting winners in its two insurance…
Financial Institutions Kuwait’s Gulf Insurance Group mulls increasing stake in Egypt affiliates Yomna Yasser Aug 23, 2016 0 Gulf Insurance Group, Kuwait’s largest composite insurer, plans to raise its stake in Egyptian affiliates in the…
Financial Institutions GIG-Egypt posts premiums of $56.3 mln in FY2015-16 Yomna Yasser Aug 14, 2016 0 Egypt’s Arab Misr Insurance Group – GIG has recorded premiums worth 500 million Egyptian pounds ($56.3 million)…
Financial Institutions GIG earmarks $250,000 for Egypt nuclear insurance pool Yomna Yasser Aug 2, 2016 0 Egypt’s Arab Misr Insurance Group – GIG is set to commit around $250,000 to the capacity subscription of an…
Financial Institutions GIG to insure credit cards owned by National Bank of Egypt customers Yomna Yasser Jul 21, 2016 0 Egypt’s Arab Misr Insurance Group – GIG has won the credit card insurance policy bid launched by the National Bank…
Financial Institutions GIG-Egypt wins Petrojet’s insurance policy bid worth multi-billion pounds Yomna Yasser Jun 1, 2016 0 Egypt’s Arab Misr Insurance Group – GIG-Egypt has won a policy bid for the country’s state-owned Petroleum Projects…
Financial Institutions A.M. Best affirms GIG-Egypt’s ratings at ‘BBB’ Yomna Yasser May 30, 2016 0 A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “BBB” of Egypt’s…
Financial Institutions South Cairo and Giza flour Mills launches $30 mln insurance policy Yomna Yasser May 9, 2016 0 Egypt’s South Cairo and Giza Mills and Bakeries (SCFM.CA), a subsidiary of the Holding Company for Food Industries,…
Financial Institutions Egyptian Tourism Federation tenders $12.6mn insurance policy Yomna Yasser May 7, 2016 0 The Egyptian Tourism Federation has launched a call for tenders on a new insurance policy tailored for its assets…
Financial Institutions Alexandria tram operator launches $33.8 million insurance policy tender Yomna Yasser May 3, 2016 0 The state-run Alexandria Passenger Authority (APTA) has launched a call for tenders on a new insurance policy…
Financial Institutions GIG Egypt Insurance to request new credit rating from A.M. Best Yomna Yasser Mar 28, 2016 0 Egypt’s Arab Misr Insurance Group – GIG will start next month negotiations with A.M. Best rating agency to receive…
Financial Institutions GIG Insurance boosts capital to $22mn, plans more branches Noha Gad Dec 27, 2015 0 Egypt's Arab Misr Insurance Group (GIG) has injected 15 million Egyptian pounds into its capital to reach 175…
Financial Institutions GIG Insurance named best non-life insurance company in Egypt Noha Gad Dec 23, 2015 0 Arab Misr Insurance Group (GIG) has been awarded as the best non-life insurance company in Egypt for 2015 by Global…
Financial Institutions GIG Insurance renews reinsurance deals with Germany’s Hannover Re Yomna Yasser Dec 16, 2015 0 Egypt's Arab Misr Insurance Group (GIG) has renew reinsurance contracts for further one year with Germany’s…
Financial Institutions Four local insurers competing for New Suez Canal’s insurance policy Yomna Yasser Aug 31, 2015 0 Four Egyptian insurers are competing for an insurance policy designated for a project to build a tunnel under the…
Financial Institutions Arab Misr Insurance eyes $61mln-premiums by end FY 2015-16 Noha Gad Jul 8, 2015 0 Arab Misr Insurance Group (GIG) targets boosting the volume of its total premiums to reach EGP 480 (US$…
Financial Institutions GIG Egypt targeting new Credit Rating from A.M. Best Yomna Yasser Apr 6, 2015 0 Egypt’s Arab Misr Insurance Group – GIG will start next week lengthy talks with the leading rating agency, A.M.…
Financial Institutions Misr Insurance wins Petrotrade’s $53.5 million Insurance Policy Yomna Yasser Feb 16, 2015 0 The leading insurer in MENA region, Misr Insurance Company has won an insurance policy worth 408.3 million Egyptian…
Financial Institutions GIG Insurance: Total Investments hit EGP475 million at December-end Administrator Jan 31, 2015 0 Egypt’s Arab Misr Insurance Group (GIG) has registered total investments of EGP 475.4 million (US$62.6 million) by…
Financial Institutions Misr Insurance, GIG vying for Petrotrade’s $57.1mn Insurance Policy Yomna Yasser Dec 17, 2014 0 Misr Insurance Company and Arab Misr Insurance Group (GIG) are competing to win an insurance policy contract for…
Financial Institutions Egypt Tenders EGP1.7bn Insurance Policy for West Damietta Power Plant Project Yomna Yasser Nov 30, 2014 0 Insurers in Egypt are competing to win an insurance policy for the second phase of West Damietta Power Plant…
Financial Institutions 8 Insurers Compete for Egyptian Holding Company for Airports’ EGP20bn Policy Yomna Yasser Nov 20, 2014 0 Eight insurance companies are fighting off to win a tender designated to insure the assets and premises of the…
Financial Institutions GIG, Hannover Re to Start Reinsurance Treaty Renewal Talks Next Month Yomna Yasser Oct 28, 2014 0 Egypt’s Arab Misr Insurance Group (GIG) plans early November to start talks to renew reinsurance agreements for one…
Financial Institutions GIG Insurance Invests EGP5 million in New Suez Canal Project Yomna Yasser Sep 11, 2014 0 Egypt’s Arab Misr Insurance Group (GIG) bought today EGP 5 million (USD 699.056) worth of investment certificates…
Banks NBE Plans Exiting from Egyptian Life Takaful and ARCOSTEEL Yomna Yasser Aug 17, 2014 0 Egypt's largest lender the National Bank of Egypt (NBE) will be selling some of its non-core subsidiaries and…
Financial Institutions Misr Insurance Wins Misr Travel’s EGP700 mln Insurance Policy Yomna Yasser Aug 5, 2014 0 Misr Insurance Company (MIC) will provide insurance cover for Egypt's leading travel company Misr Travel, sources…
Financial Institutions Arab Misr Insurance Group GIG Attains EGP367mn Premiums in FY13/14 Salma Ayman Jul 24, 2014 0 Managing Director of Arab Misr Insurance Group (GIG) Mr. Alaa El-Zohairy said his company succeeded in attaining…
Banks Arab Misr Insurance GIG Eyes EGP530mn Investment Portfolio by FY14/15 Salma Ayman Jul 22, 2014 0 Head of Investment Sector at Arab Misr Insurance Group GIG Mohamed Nagah Nour said his company eyes increasing its…
Financial Institutions Arab Misr Insurance GIG Eyes EGP410mn Premiums in FY14/15 Salma Ayman Jul 21, 2014 0 Managing Director of Arab Misr Insurance Group (GIG) Mr. Alaa El-Zohairy eyes attaining EGP410 million premiums…