Algeria – Call to reinsure oil on an Arab level
Tuesday, 09 26 2017, Category: Insurance and Reinsurance, Country: Algeria
The Secretary General of the General Arab Insurance Federation Abdel Khaliq Raouf Khalil called on Monday the largest companies in the Arab world including Oil and Gas companies to seek Arab reinsurance capacity and take advantage of the financial strengths of Arab reinsurance companies.
During a seminar recently organized by the General Arab Insurance Federation in coordination with the Algerian Union of Insurance and Reinsurance Companies over three days, Mr. Raouf Khalil criticized “energy companies in the Arab world that reinsure their facilities at foreign companies even though Arab coves are at a lower cost.
Source: Algeria Press Service