Gras Savoye Launches A New Insurance Consultancy Company In Egypt

Gras Savoye Insurance Group still targets expanding in Egypt by forming a third company, despite the economic turmoil that followed last year’s revolution.

Patrick Lucas, chief executive officer of Gras Savoye Group, said the Group plans to establish an insurance consultancy company, as he is confident in the Egyptian market and that the political and economic stability will return to the country.

The Egyptian Financial Supervisory Authority (EFSA) will approve the new company tomorrow, Lucas added.

Gras Savoye Group also plans to expand in Iraq, Libya and some African countries.