Egypt’s Banque du Caire invites insurers to cover assets
Tuesday, 07 30 2019, Category: Insurance and Reinsurance, Country: Egypt
Egypt’s state-run lender Banque du Caire is negotiating with a number of public and non-life insurance companies operating in the country to cover its assets and facilities, an official source said on Sunday.
The one-year term insurance policy will see coverage of the bank’s assets and facilities against all risks, with a total sum insured of 7 billion Egyptian pounds ($421.7 million), the sources further told Amwal Al Ghad.
“The policy includes coverage of all damages related to fire and burglary as well as additional risks that may occur to Banque du Caire’s assets, facilities, and headquarters, besides route and maritime transports and cash transfer,” he said.
Source: Amwal Al Ghad