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Egypt’s leading composite insurer, Suez Canal Insurance has recently renewed its reinsurance contracts for 2016 with Hannover Re, its head of reinsurance department Sherif el-Ghamrawy announced Thursday.
Hannover Re SE, with a gross premium of around €14.4 billion, is the third-largest reinsurance company in the world. Its headquarters is in Hannover, Germany.
Fitch Ratings has affirmed Wednesday Hannover Rueck SE’s (Hannover Re) and its reinsurance subsidiary E+S Rueckversicherung AG’s (E+S Re) Insurer Financial Strength (IFS) ratings at ‘AA-‘ and Hannover Re’s Issuer Default Rating (IDR) at ‘A+’. The Outlook on all ratings is Stable. 
