Misr Insurance Company has signed a contract with one of the largest Egyptian electricity generation companies to insure its three projects in Ethiopia, Niger and Ghana, said Hossam Olama, general manager of marine insurance sector at the company.
The insurance policy will cover all aspects of marine cargo and storage risks. Misr Insurance Company is responsible for transporting the equipments of the electricity generation company to the three African counties as well as insuring them when being stored, installed and maintained. The insurance value of each project is US$ 100 million.
He noted that marine insurance customers always get insurance coverage from insurers in their country, affirming that the company always helps Egyptian customers in their foreign expansions.
