Egypt – Insurers monitor aviation pricing
Thursday, 04 05 2018, Category: Insurance and Reinsurance, Country: Egypt
Direct insurance markets including the Egyptian market are monitoring the pricing of aviation risks after the acquisitions that took place lately among the large international reinsurers that control large parts of this activity.
Moreover, the Japanese reinsurer “Mitsui” was able to acquire the English company “Amlin” in order to increase its market share to 10% compared to 5% previously.
Furthermore, Mr. Amr Mokhtar had of aviation insurance at Misr Insurance Company said that there are currently negotiations between the French company AXA for reinsurance that controls 5% of the global aviation market in order to acquire the English company XL Colin, which has a market share of 15%.
Source: Al Mal News