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 (...)
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 (...)
Egyptian Takaful Insurance (Property) plans to increase its assets to around 2.7 billion Egyptian pounds ($171.3 million) at the end of June 2021, vice-chairman announced on Sunday.
"We seeks to raise our investments to 2.3 billion pounds at the end (...)
Egyptian Takaful Insurance's (Property) total assets increased around 25 percent year-on-year to 2.063 billion Egyptian pounds ($128,822) at the end of last March, its vice-chairman said on Tuesday.
Earlier, assets recorded about 1.654 billion (...)
Egyptian Takaful Insurance has won an insurance policy bid to cover the assets, facilities, and signal transmission towers of Orange Egypt, announced official sources on Monday.
The one-year term policy is with total sum insured of 25 billion (...)
AM Best has assigned a financial strength rating of B- (Fair) and a long-term issuer credit rating of “bb-” to Suez Canal Insurance (SCI). The rating agency assigned SCI's outlook as stable.
The ratings reflect the Egyptian company's balance sheet (...)
Egypt's state-owned Misr Life Insurance says it has invested $15 million or 250 million Egyptian pounds in developing technology infrastructure and launching a scheme for digital transformation.
The company started nearly two years ago a plan to (...)
Egypt's state-run Misr Life Insurance aims a 15.5 percent year-on-year growth in premiums to around 5.2 billion Egyptian pounds ($314.3 million) at the end of financial year 2019/2020.
Earlier, premiums stood at 4.2 billion pounds at the end of the (...)
Egyptian Takaful Insurance Company (Property) says it plans to increase its investment portfolio to 1.65 billion Egyptian pounds ($98.5 million) at the end of financial year 2019/2020.
The company also targets net investment income up to 226 million (...)
Egyptian state-owned Misr Insurance won an insurance policy bid to cover the assets, charge cards, and signal transmission towers of Etisalat Misr, the Egyptian unit of the UAE's Etisalat, according to sources.
The one-year term insurance policy is (...)
Egyptian Financial Supervisory Authority (EFSA) revealed that the total insurance premiums value reached EGP14 billion in the last year, noting that the surplus premium of insurance sector was EGP1.6 billion in last December, Sherif Samy, Chairman (...)
Egyptian Takaful Insurance Company eyes attaining EGP340 million premiums within the upcoming fiscal year of 2014/2015, Ahmed Arfeen, Managing Director revealed.
In a statements to Amwal Al Ghad, Arfeen added that the total value of premiums that (...)
Managing Director of the Egyptian Takaful Insurance Company (Property) Ahmed Arfeen revealed that his company eyes boosting its targeted investment size to become EGP410 million within the upcoming fiscal year of 2014/2015.
In a statements to Amwal (...)
Egyptian Minister of Investment Ashraf Salman asserted that Egypt has much potential in alluring more foreign investments with the growth in the volume of investment returns significantly up to 30%.
Speaking to Amwal Al Ghad Arabic's Website, Salman (...)
Managing Director at the Egyptian Takaful Insurance (Properties) Ahmed Arfeen revealed that Gulf Insurance Group eyes boosting its consumption rate from 17% to 60%.
In a Statements to Amwal Al Ghad Arabic's Website, Arfeen explained that the only (...)