Egypt, China sign deal to build level-3 biosafety lab    Foreign, housing ministers discuss Egypt's role in African development push    Egypt backs Palestinian unity, calls for ceasefire, aid access    EGX ends week in green on July 10    Egyptian pound strengthens against US dollar on July 10    Egypt, China central banks sign pacts to boost yuan use, payment systems    Egypt's EDA, Haleon discuss local market support    Environment ministry signs agreement to strengthen marine protection, promote ecotourism    Egypt, WHO discuss expanding health cooperation, development initiatives    Service restoration underway after Cairo telecom fire, minister tells PM    Chinese Premier Li Qiang arrives in Egypt for high-level talks    Gaza under siege, fire: Resistance intensifies amid deepening humanitarian collapse    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Pakistan boost healthcare ties – Cabinet    UK, Egypt strengthen cooperation on green transition, eco-tourism, and environmental investments    Escalation in Gaza as ceasefire talks remain fragile amid mounting humanitarian crisis    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt's PM, Uruguay's president discuss Gaza, trade at BRICS summit    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Eslam Abdelhameed
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 told Amwal Al Ghad on Monday. Sherif Azzazy further said that his company renewed its agreement with the lead reinsurer, General (...)

02 - 01 - 2023
S&P Global affirms Orient Takaful Egypt at A with positive outlook
S&P Global Ratings has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" (Excellent) of Orient Takaful Insurance (Orient Takaful Egypt), a senior official said on (...)

22 - 09 - 2022
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 shares of AIG Egypt, sources with knowledge told Amwal Al Ghad on Wednesday. Deloitte was named as financial auditor for the deal, the (...)

10 - 08 - 2022
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 for a deal to buy shares of AIG Egypt, its managing director Alaa Elzoheiry said on Tuesday. Egypt's Financial Regulatory Authority (FRA) (...)

10 - 08 - 2022
Egypt names EGX's Mohamed Farid as financial regulator chairman
Egypt's President Abdel Fattah al-Sisi has appointed Mohamed Farid as the acting chairman of the country's market regulator, Financial Regulatory Authority (FRA) for one year as of August 7. Saleh, who has been chairman of the Egyptian Exchange (...)

07 - 08 - 2022
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 capital to 150 million Egyptian pounds ($8 million) by the end of the year, its managing director said on Thursday. The capital (...)

28 - 07 - 2022
GIG Egypt Life Takaful's gross written premiums exceed EGP 1 billion in FY22
The value of gross premiums written by GIG Egypt – Life Takaful Company has exceeded 1 billion Egyptian pounds ($53 million) in the financial year 2021/2022, its managing director Rabie Abdel Khaleq said on Monday. "We are targeting growth rates of (...)

04 - 07 - 2022
Egypt's Contact Financial Holding launches digital comprehensive car insurance product
Egypt's Contact Financial Holding, formerly Sarwa Capital, has launched on Monday its digital comprehensive car insurance product. The new product is part of Contact's digital transformation strategy to launch fully digital products and services, (...)

03 - 01 - 2022
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 long-term issuer credit rating of "bbb+" (Good). The rating agency set the outlook of these credit ratings is stable. "The ratings (...)

12 - 09 - 2021
Egypt's first actuarial life table for local insurance players to go live early July
Egypt's first actuarial life table for life insurance will go live as early as next July, the start of the country's financial year 2021/2022, an official said on Monday. Hesham Ramadan, assistant to the Egyptian Financial Regulatory Authority (FRA) (...)

06 - 09 - 2021
Wafa Life Insurance Egypt expects to sign its first-ever bankassurance deal in Q4
Wafa Life Insurance Egypt, a subsidiary of Moroccan insurer Wafa Assurance, said on Tuesday it was in final-stage negotiations with a local major bank over a potential bancassurance deal. "We expect to conclude talks and seek the central bank and (...)

17 - 08 - 2021
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 development hubs in six African countries; Egypt, Morocco, Kenya, South Africa, Côte d'Ivoire, and Nigeria. The move is part of ASR's plans to (...)

10 - 08 - 2021
Moody's affirms GIG Egypt's Ba2 rating, stable outlook – official
Moody's Investors Service has affirmed the Ba2 insurance financial strength rating (IFSR) of GIG Insurance – Egypt (GIG Egypt) and maintained its stable outlook, GIG managing director Alaa el-Zoheiry told Amwal Al Ghad on Sunday. el-Zoheiry's (...)

02 - 08 - 2021
Egyptian Takaful Property wins Orange Egypt's insurance policy tender
Egyptian Takaful Property and Liability Insurance (EGTAK) has won an insurance policy tender launched by Orange Egypt, sources with knowledge of the matter told Amwal Al Ghad on Sunday. The three-year insurance policy launched in March designed to (...)

25 - 07 - 2021
Moroccan insurer Wafa Assurance expands activity to Egypt
Morocco's biggest insurance company Wafa Assurance, part of Attijariwafa Bank, has expanded its insurance business to Egypt as it seeks to grow its presence across Africa. The company announced in a statement on Monday the official launch of its (...)

12 - 07 - 2021
Orient Takaful wins Crédit Agricole Egypt's insurance policy tender
Orient Takaful Insurance Company – Egypt has won an insurance policy tender launched by Crédit Agricole Egypt, sources with knowledge of the matter told Amwal Al Ghad on Sunday. At a total sum insured of up to 3 billion Egyptian pounds ($191.7 (...)

20 - 06 - 2021
Kuwait Insurance board approves launch of Egypt insurance life unit
Kuwait Insurance Company said on Sunday its board approved plans to launch a life insurance unit in Egypt. The Egyptian unit will have a capitalisation of 100 million Egyptian pounds ($6.4 million), Kuwait Insurance added in a bourse disclosure. The (...)

13 - 06 - 2021
Four insurers lining up to cover assets of Egypt's top cigarette maker
Four Egyptian insurers are vying to win an insurance policy tender to cover the assets and properties of Egypt's top cigarette maker, Eastern Tobacco Company, sources familiar with the matter told Amwal Al Ghad on Tuesday. Eastern Tobacco is (...)

02 - 06 - 2021
Orange Egypt launches property insurance policy, calling for bidders
Orange Egypt has invited insurers to bid for its new insurance policy designed for its properties against all risks, sources with knowledge told Amwal Al Ghad on Thursday. At a total sum insured of up to 25 billion Egyptian pounds ($1.6 billion), (...)

21 - 03 - 2021
Securitised bonds issuance records EGP24.1bln during 2020 increasing 9 %, Omran
The value of securitisation bonds issuance was recorded at 24.1bn in 2020 Egyptian pounds, compared to 22.1billion pounds in 2019, Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA). Omran's remarks came during an online (...)

20 - 01 - 2021
Egypt provides micro-sized projects with EGP18.7bln finances by 2020 end
The volume of finances allocated for micro-sized projects has reached 18.7 billion Egyptian pounds by the end of 2020; up 13.3 percent when compared to the earlier year, according to the Financial Regulatory Authority Chairman. Some 3.2 million (...)

20 - 01 - 2021
Four insurers lining up bids for TAQA Arabia's insurance policy
Four Egyptian insurers are vying to win an insurance policy tender to cover TAQA Arabia's assets, sources familiar with the matter told Amwal Al Ghad on Sunday. TAQA Arabia, a major natural gas distributor in Egypt and part of Qalaa Holdings, is (...)

10 - 01 - 2021
Egypt's Mohandes Insurance, Swiss Re renew reinsurance deal for 2021
Egypt's Mohandes Insurance has renewed a reinsurance contract with Swiss Re Group for another year, chairman and managing director Reda Fathy said on Tuesday. Under the 2021 contract, the two parties agreed to increase the retention rates and (...)

29 - 12 - 2020
AM Best affirms bbb long-term issuer credit rating on Egypt's Misr Insurance
Global credit rating agency AM Best affirmed its B++ (Good) financial strength rating and "bbb" long-term issuer credit rating (Long-Term ICR) on Egypt's state-owned Misr Insurance Company and kept its stable outlook. The ratings reflect Misr (...)

15 - 12 - 2020
AM Best affirms B++ financial strength rating on Egypt's Misr Life Insurance
Global credit rating agency AM Best affirmed its B++ (Good) Financial Strength Rating on Egypt's state-owned Misr Life Insurance Company, and kept its stable outlook. The credit agency also affirmed its "bbb" rating on Misr Life Insurance's (...)

15 - 12 - 2020
Advertisement