Egypt may turn to hedging against wheat price spike
To cope with a sudden hike in wheat prices, the world’s biggest importing nation is considering an unusual tactic:…
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Insurance
Egypt inks oil hedging deals with two banks – Reuters
Egypt has signed insurance contracts with two global banks to hedge against fluctuating global oil prices, a senior…
Egyptians spending an average of $16 on insurance: IFE
Average per capita spending on insurance in Egypt reached $16, making it rank 85th globally, the country’s…
A.M. Best affirms GIG-Egypt’s BBB rating
Rating agency A.M. Best on Thursday maintained Egypt-based Arab Misr Insurance Group’s (GIG-Egypt) “BBB” issuer…
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…
Suez Canal Insurance wins AlexBank $103 mln assets insurance contract
Egyptian composite insurer Suez Canal Insurance (SCI) has won a $102 million tender from AlexBank, a member of…
Egypt’s insurance federation considers launch of cybercrime insurance cover product
Egypt’s Insurance Federation (IFE) considers launching a new insurance product designated to mitigate cybercrimes.
Major changes to come to insurance coverage, AXA’s CEO says
The days when insurance was all about financial compensation are gone — adapting with that key shift has considered…
South Africa insurer Liberty Holdings suffers cyber attack
South African insurer Liberty Holdings announced on Sunday it had become the victim of a cyber attack after an…
Europe markets close mixed amid corporate earnings; Valeo down 11%
Equities in Europe closed slightly higher on Friday afternoon as investors reacted to earnings and waited for a…
