Egypt’s Arab Misr Ins. wins policy bid for GASCO assets
Thursday, 08 08 2019, Category: Insurance and Reinsurance, Country: Egypt
Egyptian Arab Misr Insurance Group- GIG has won an insurance policy bid to cover the assets and gas pipelines of the state-run Egyptian Natural Gas Co. (GASCO), said official sources on Tuesday.
The one-year term policy will be with a total sum insured up to around 100 billion Egyptian pounds ($6 billion), the sources told Amwal Al Ghad.
“The policy will cover GASCO’s assets, gas networks, and factories against all engineering risks as well as damages related to fire, burglary, and thief, besides additional risks,” they said.
Source: Amwal Al Ghad