Misr Insurance to cover assets of plastics factory
Saturday, 08 08 2020, Category: Insurance and Reinsurance, Country: Egypt
Egypt’s state-owned Misr Insurance has won an insurance policy tender to cover the assets of a polythene and plastics factory in 10th of Ramadan City, said a senior official on Wednesday.
Egyptian International Insurance Brokerage Co. (IIBC) had earlier mandated Misr Insurance to cover the factory’s assets, IIBC’s senior client account manager Mohamed Mamdouh added.
The one-year term insurance policy is with a total sum insured up to 285 million Egyptian pounds ($17.8 million), Mamdouh said.
“The policy includes coverage of the factory’s properties and facilities against damages arising from fire, burglary, and additional risks,” he said.
Source: Amwal Al Ghad