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Egypt to set up catastrophe insurance pool


Alaa El-Zoheiry, chairman of Egypt's insurance federation, said that the country plans to set up its first insurance pool to mitigate natural disasters-related risks and losses by year-end, Amwal Al Ghad reported. Mr. El-Zoheiry said that the federation has invited France-based reinsurer Caisse Centrale de Reassurance S.A. to take part in the pool and would invite other insurers to commit to the pool.

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