News Middle East08 Dec 2016

Egypt:Plan revamped in revived bid to establish national reinsurer

08 Dec 2016

State-owned Misr Insurance Holding has officially taken over the lead in a bid to create a new national reinsurance company in Egypt. At the same time, the proposed capital of the reinsurer is to be cut from US$200 million to $50 million, because of difficulties faced in raising funds.

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