Misr Insurance renews Nasr Petroleum’s $394 mln insurance policy

The leading insurer in MENA region, Misr Insurance Company has renewed a medical insurance policy bid for Nasr Petroleum Company, the insurer’s chief executive Hosny Mishrif told Amwal Al Ghad on Tuesday.

The insurance policy is with a total sum insured up to 3.5 billion Egyptian pounds (US$394 million), tailored for Nasr Petroleum’s assets and properties, Mishrif added.

The policy is a five-year renewable term, involving an insurance coverage of all the risks arising out of all types of fire, burglary, explosions, machine breakdown, earthquakes, storms, volcano, and plane crash, and drinking water pipeline blasts.