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The leading insurer in MENA region, Misr Insurance Company wins a policy bid to insure the assets, facilities, factories, and premises of one of Alexandria-based fertilisers firm.
According to Essam Mansour – Misr Insurance’s representative in Alexandria, the policy is a one-year renewable term and with total sum insured of up to 2 billion Egyptian pounds (US$255 million).
Mansour further told Amwal Al Ghad that the policy involves an insurance coverage of dangers arising out of fire, burglary, dishonesty, in addition to other additional risks.
Moreover, the policy is to insure against all the dangers of political violence on the firm’s assets and facilities, with a coverage rate of 25 percent out of the total sum insured, the official said.
