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Royal Insurance Company succeeded in renewing its agreement with foreign reinsurance companies, said Medhat Saber, deputy managing director of the company.
The company deals with a number of reinsurance companies which have strong solvency positions and are certified by legislative bodies in the Egyptian insurance market. The sound underwriting policy adopted by the company was a main reason behind the aversion of possible disputes between the company and reinsurers, saber added.
Royal Insurance Company achieved premiums of EGP 215 million in FY 2011/2012 ended on last June 30th, compared to EGP 182 million in FY 2010/2011.
