$95bln insurance losses from natural disasters in ’23
Natural disasters, including earthquakes in Turkey and Syria and storms in the United States, resulted in an…
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Insurance
Ericsson targets 50% of mobile wallets in Africa
Ericsson AB, a manufacturer of 5G networks globally, is expanding a financial technology company that facilitates…
Afreximbank signs $10 million facility deal with Zambia’s IGI
The African Export–Import Bank (Afreximbank) has signed on Sunday a $10 million facility agreement with Zambian…
AM Best assigns national scale rating of aa.EG to Suez Canal Insurance
AM Best has on Thursday has assigned the Egypt National Scale Rating (NSR) of aa.EG (Superior) to Suez Canal…
AM Best affirms GIG Insurance Egypt credit rating at bbb+
AM Best affirmed on Wednesday GIG Insurance – Egypt’s (GIG-Egypt) financial strength rating of bbb+ (Good) and the…
DXC Technology partners with Kaf Insurance Egypt
Egypt’s fastest growing life insurance provider, Kaf is working on its digital transformation with DXC Technology,…
Egypt’s Misr Emirates Life Takaful renews reinsurance deals with Gen Re for 2023
Misr Emirates Life Takaful – Salama has renewed its reinsurance contracts for another year, its managing director…
Misr Emirates Life Takaful to raise capital to EGP 250 million by year-end
Misr Emirates Life Takaful – SALAMA, part of UAE’s Islamic Arab insurance Companies, plans to increase its paid-up…
Reinsurer ASR plans to establish new hubs in Egypt, and five other African countries
Africa Specialty Risks (ASR), the pan-African focused reinsurance group, is planning to establish business…
Moroccan insurer Wafa Assurance expands activity to Egypt
Morocco's biggest insurance company Wafa Assurance, part of Attijariwafa Bank, has expanded its insurance business…