Wethaq Renews Unionaire’s Marine Cargo Insurance Policy

Wethaq Takaful Insurance Company renewed the marine cargo insurance policy of Unionaire Group for 2012, giving a full insurance coverage against all marine cargo risks of physical loss or damage. In addition, the policy covers Unionaire’s incoming and outgoing trucks.

Wethaq Takaful Insurance has been providing insurance coverage for Unionaire for years.

It is worth mentioning that the value of premiums achieved by Wethaq Takaful was EGP 91.5 million in 2011/2012, down from EGP 95 million as reported in the initial financial results of the Company.