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International

Egypt: Arab Misr Insurance, Misr Insurance competing for $57 million contract

December 19, 2014 Reprints

Two Egypt-based insurers Arab Misr Insurance Group S.A.E. and Misr Insurance Co. are competing to secure a contract to provide insurance for Egypt's Petrotrade Co., Zawya reports citing Amwal Al Ghad.

The policy includes coverage against burglary, fire and dishonesty risks, among others. The sum insured is 408 million Egyptian pounds ($57 million). The duration of the policy is five years. Petrotrade has allotted about EGP 340.9 million to secure cover for its premises, storehouses and assets against fire risks.

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Egypt: Arab Misr Insurance, Misr Insurance competing for $57 million contract

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