Misr Ins. wins mandate to cover an oils factory
Thursday, 07 25 2019, Category: Insurance and Reinsurance, Country: Egypt
Egypt’s state-owned Misr Insurance has won an insurance policy tender to cover the assets and warehouses of an oils factory operating in the country, according to a senior official.
Egyptian International Insurance Brokerage Co. (IIBC) had earlier mandated Misr Insurance a policy to cover an oils factory’s assets and warehouses, chairman Mohamed Hassan said on Wednesday.
The one-year term policy is with a total sum insured up to 2.3 billion Egyptian pounds ($138.5 million), Hassan further told Amwal Al Ghad.
Source: Amwal Al Ghad