4 Egyptian insurers vying to cover Port Said Container’s assets
Wednesday, 07 08 2020, Category: Insurance and Reinsurance, Country: Egypt
Four Egyptian insurance companies are competing to win an insurance policy tender to cover assets and equipment of the state-run Port Said Container and Cargo Handling Co., according to sources.
The companies are the state-owned Misr Insurance, Arab Misr Insurance Group (GIG), Orient Takaful Insurance – Egypt, and Wethaq Takaful Insurance – Egypt, official sources further told Amwal Al Ghad on Tuesday.
The one-year term insurance policy is with a total sum insured up to 1.2 billion Egyptian pounds ($74.8 million), they added.
The policy will see coverage of Port Said Container’s assets and properties against damages related to fire and burglary as well as additional risks, the sources said.
Source: Amwal Al Ghad