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Egyptian Takaful Property wins $89 million insurance policy bid


Egyptian Takaful Property and Liability Insurance deputy managing director Ahmed Morsy said that the insurer has won a 700 million Egyptian pound ($89 million) insurance policy bid, which was put out for tender by the nation's General Authority for Investment and Free Zones, reported Amwal Al Ghad.

The one-year policy covers all dangers arising out of natural disasters, burglary, fire and other risks, said Mr. Morsy. The policy also includes coverage to all risks related to riots, terrorist attacks and civil unrests, among others.

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