Egypt – Successful 2018 reinsurance renewals
Friday, 12 22 2017, Category: Insurance and Reinsurance, Country: Egypt
Mr. Abdel Raouf Kotb, Managing Director of the Egyptian Saudi Insurance House and former president of the Insurance Federation of Egypt said that most insurance companies operating in Egypt were able to successfully renew their reinsurance covers for year 2018 according to the same conditions agreed upon last year.
Moreover, Mr. Kotb added that Hannover Re contributed largely to the protection of the national economy by supporting Egyptian insurance companies and easing reinsurance procedures and renewals despite the difficult conditions witnessed in Egyptian economy since the 25 January 2011 revolution.
Furthermore, he said that the Egyptian market took advantage of the presence of foreign reinsurers and their expertise.
Source: Veto Gate