Egypt - 6 insurance companies pump 583.5 million pounds in their capital base
Monday, 12 28 2015, Category: Insurance and Reinsurance, Country: Egypt
Six Insurance Companies in the Egyptian market are preparing themselves to pump 583.5 million pounds in their capital over the next year. This step aims to support their expansion on the technical level by increasing their direct premiums as well as geographic expansion through the establishment of new branches. The list of companies, that are all engaged in property and casualty insurance, encompasses: Misr Insurance, Royal Insurance, Arab Misr Insurance Group «GIG», Wethaq Takaful, Suez Canal Insurance and the Egyptian Association for Cooperative Insurance.
Source: Al Mal News