Africa Re Spurs Reinsurance Sector In the Continent
Royal Eyes Capital Increase Up To EGP 100 Mln
EGP 300 Mln Forecasted Insurance Premiums in 2013
Political Turmoil Clogs Insurance Awareness
The insurance sector in the African continent has (...)
Gaining confidence of banks' customers after launching bancassurance is the greatest challenge facing insurance companies
Parent company is expected to achieve US$ one billion premiums in 2013 and to expand in three Arab countries
GIG Egypt achieved (...)
African Reinsurance Corporation (Africa Re) targets to achieve premiums of US$ 770 million by the end of 2013, said Omar Gouda, Regional Director of Africa Re for North East Africa and the Middle East.
The company has collected premiums worth US$ (...)
The African Reinsurance Corporation (Africa Re) plans to inaugurate four new regional offices in Africa in the upcoming period, said Omar Gouda, Regional Director of Africa Re for North East Africa and the Middle East.
Africa Re has 10 regional (...)
Kuwait's Gulf Insurance Company K.S.C. (GIC) plans to expand regionally in United Arab Emirates in the upcoming period.
The company has recently acquired 20% of Alliance Insurance – Dubai as a first step to expand into the Emirati market in the next (...)
The Arab Misr Insurance Group (AMIG) signed a contract to insure Scimitar Production Egypt's oil wells in Ras Ghalib with EGP 1.6 billion (US$ 234 million).
The insurance policy includes coverage over the pipelines, crude oil storage tank and (...)
The Lebanese Delta Insurance Holding Company will finalize the acquisition procedures of Solidarity Family Takaful Egypt before the end of the current fiscal year, said Ahmed Ramadan, managing director of Solidarity.
After the acquisition process is (...)
Iskan Insurance Company plans to inaugurate two new branches outside Cairo, raising the number of its branches to five after launching a new branch in Nasr City at the beginning of the current fiscal year, said Hammam Badr, chairman and managing (...)
Royal Insurance Company signed an insurance contract to insure an Italian cement company for a year, said Hassan Darwish, managing director of the company.
The insurance premium of the policy reaches to €3 million (=EGP 30 million), in addition to (...)