Allianz Egypt profits near half a billion Egyptian pounds in FY2019/20
Allianz Egypt, part of German insurance giant Allianz, made profits of 490 million Egyptian pounds ($31.4 million)…
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Insurance
South Africa’s Sanlam says coronavirus delays its expansion plans for Egypt
The coronavirus pandemic has led South Africa’s largest insurer Sanlam Ltd to delay its expansion plans for Egypt…
Allianz Egypt to provide insurance systems for Castle Development’s projects
Allianz Egypt, part of German insurer giant Allianz, has signed on Tuesday an agreement with Egyptian property…
Egypt names head of comprehensive health insurance authority
Egypt has appointed Hossam Fouad Sadek as executive director of the General Authority for Comprehensive Health…
Misr Insurance Holding to form JV with Egypt’s two biggest state banks
Egypt’s state-run Misr Insurance Holding Company plans to form a joint venture with the National Bank of Egypt…
Africa Re says 2019 premiums from Egypt worth $41 million
Africa Reinsurance Company’s (Africa Re) premiums portfolio from Egypt reached $41 million or around 657.5 million…
Wethaq-Egypt board Oks paid-in capital increase
Wethaq Takaful Insurance-Egypt’s board has endorsed a planned increase in its paid-in capital to 190 million…
Misr Insurance wins Banque du Caire’s fire policy – source
Egypt’s Misr Insurance has won an insurance policy bid to cover the state-run lender Banque du Caire’s assets and…
Tower Insurance to buy Youi New Zealand for $13 mln
Tower Insurance announced plans to buy Youi Insurance New Zealand for $13 million to boost its growth.
New insurance to bridge gap on claims for agricultural machinery
Rural insurance broker Lycetts has launched a new guaranteed asset protection insurance (GAP insurance) product,…