GIG Insurance Egypt chooses Baker McKenzie as legal counsel to acquire AIG Egypt
GIG Insurance – Egypt has appointed Helmy, Hamza & Partners, Baker McKenzie Cairo office as its legal counsel…
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GIG
GIG Insurance Egypt picks Prime as financial advisor to acquire AIG Egypt
GIG Insurance – Egypt has appointed Egyptian investment bank Prime Holding as a financial advisor in a deal to buy…
GIG Egypt insurance submits $238 million offer to buy AIG
Egypt’s Gulf Insurance Company (gig-Egypt) has submitted a compulsory purchase offer on the shares of AIG Egypt…
AM Best affirms gig Egypt’s B++ rating, with stable outlook
AM Best affirmed on Thursday gig Insurance - Egypt's (gig-Egypt) financial strength rating of B++ (Good) and the…
France’s AXA to sell Gulf operations to GIG for $269 million
AXA, Europe’s second biggest insurer, announced on Monday it has agreed to sell its insurance operations in the…
Three insurers bid for Alexbank’s blanket bond policy
AlexBank, a member of Italian bank Intesa Sanpaolo, has received the technical and financial offers from three…
Egyptian Life Takaful GIG, UAE’s FAB reach bancassurance deal
First Abu Dhabi Bank’s (FAB) Egyptian unit, one of the largest foreign banks in the country, and Egyptian Life…
GIG-Egypt wins Petrojet $207 mln assets insurance contract
Egypt’s Arab Misr Insurance Group – GIG has won a 3.7 billion Egyptian pound ($207.1 million) tender to provide…
GIG-Egypt, Germany’s Hannover Re reach reinsurance renewal deal
Egypt’s Arab Misr Insurance Group (GIG) has reached a further one-year renewal for its reinsurance agreement with…
GIG-Egypt wins Kuwaiti AlKharafi’s $32mn Athens Cypria hotel insurance policy
Egypt’s Arab Misr Insurance Group – GIG has won a $32 million hotel insurance policy tender launched by Kuwait's Al…
South Cairo and Giza Flour Mills launches property insurance policy tender
The state-run South Cairo and Giza Mills and Bakeries has put out to tender a new insurance policy to cover its…
GIG-Egypt wins Petrojet’s insurance policy tender
Arab Misr Insurance Group – GIG has won for the second time in a row a tender to provide property insurance cover…
Egyptian Life Takaful seeks S&P, A. M. Best credit ratings for 2017
The Egyptian Life Takaful Company – GIG says it is seeking a new credit rating from the global credit rating…
3 insurers vying to win Egyptian pilgrims’ insurance cover tender
Three insurers are competing to win this year’s pilgrimage travel insurance cover tender launched by the Egyptian…
GIG wins Egyptian Iron and Steel’s insurance policy tender
Arab Misr Insurance Group – GIG has won a tender to provide insurance cover for one of Egypt’s largest public…
Etisalat Misr launches $50 million political violence insurance policy tender
Etisalat Misr, the Egyptian arm of UAE telecommunications operator, has put out to tender a new political violence…
Egyptian Life Takaful-GIG, NBK Egypt bank sign bancassurance tie-up
Egyptian Life Takaful Company – GIG has signed Thursday a bancassurance agreement with National Bank of Kuwait –…
5 qualifiers vying to win Telecom Egypt’s insurance policy tender
Five insurers are competing to win the new personal accident and public transportation insurance policy launched by…
Egyptian Life Takaful-GIG signs health insurance deals with ADIB, 9 clients
Egyptian Life Takaful Company – GIG says it has signed medical insurance cover agreements with 10 new clients,…
Egyptian Life Takaful-GIG in talks to relaunch NBK bank’s fund
Egyptian Life Takaful Company – GIG seeks to relaunch the National Bank of Kuwait –Egypt’s (NBK Egypt) mutual fund…
Egypt delays insurance tender results of two power plants till year-end
The state-run Egyptian Electricity Holding Company (EEHC) will postpone selecting winners in its two insurance…
Egyptian Life Takaful-GIG launches life savings cover for Suez Cement staff
Egyptian Life Takaful Company – GIG has launched a new product to provide life insurance cover with a savings…
Egyptian Life Takaful-GIG to activate bancassurance deal with NBK soon
Egyptian Life Takaful Company – GIG is entering into bancassurance partnership with the National Bank of Kuwait –…
Kuwait’s Gulf Insurance Group mulls increasing stake in Egypt affiliates
Gulf Insurance Group, Kuwait’s largest composite insurer, plans to raise its stake in Egyptian affiliates in the…
Delta Life names Mostafa Salah as operations and technical affairs chief
Egypt’s Delta Life Assurance has named Mostafa Salah as the new Manager of Operations and Technical Affairs,…
GIG-Egypt posts premiums of $56.3 mln in FY2015-16
Egypt’s Arab Misr Insurance Group – GIG has recorded premiums worth 500 million Egyptian pounds ($56.3 million)…
GIG earmarks $250,000 for Egypt nuclear insurance pool
Egypt’s Arab Misr Insurance Group – GIG is set to commit around $250,000 to the capacity subscription of an…
GIG to insure credit cards owned by National Bank of Egypt customers
Egypt’s Arab Misr Insurance Group – GIG has won the credit card insurance policy bid launched by the National Bank…
A.M. Best affirms GIG-Egypt’s ratings at ‘BBB’
A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “BBB” of Egypt’s…
South Cairo and Giza flour Mills launches $30 mln insurance policy
Egypt’s South Cairo and Giza Mills and Bakeries (SCFM.CA), a subsidiary of the Holding Company for Food Industries,…
Egyptian Tourism Federation tenders $12.6mn insurance policy
The Egyptian Tourism Federation has launched a call for tenders on a new insurance policy tailored for its assets…
Alexandria tram operator launches $33.8 million insurance policy tender
The state-run Alexandria Passenger Authority (APTA) has launched a call for tenders on a new insurance policy…
GIG Egypt Insurance to request new credit rating from A.M. Best
Egypt’s Arab Misr Insurance Group – GIG will start next month negotiations with A.M. Best rating agency to receive…
GIG Insurance boosts capital to $22mn, plans more branches
Egypt's Arab Misr Insurance Group (GIG) has injected 15 million Egyptian pounds into its capital to reach 175…
Four local insurers competing for New Suez Canal’s insurance policy
Four Egyptian insurers are competing for an insurance policy designated for a project to build a tunnel under the…
Misr Insurance wins Zewail Science City’s US$64.2mn Policy
The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets and properties…
Arab Misr Insurance’s Investment Portfolio hit $67mln end June
Arab Misr Insurance Group's (GIG) investment portfolio reached 522.7 million Egyptian pounds (US$66.7 million) at…
Misr Insurance wins Petrotrade’s $53.5 million Insurance Policy
The leading insurer in MENA region, Misr Insurance Company has won an insurance policy worth 408.3 million Egyptian…
GIG Insurance: Total Investments hit EGP475 million at December-end
Egypt’s Arab Misr Insurance Group (GIG) has registered total investments of EGP 475.4 million (US$62.6 million) by…
GIG, Hannover Re to Start Reinsurance Treaty Renewal Talks Next Month
Egypt’s Arab Misr Insurance Group (GIG) plans early November to start talks to renew reinsurance agreements for one…