Towards the creation of a reinsurance company in Egypt
The Financial Regulatory Authority (FRA) has examined the possibility of creating a reinsurance company. Based in Cairo, the new company will be endowed with a minimum capital of 1 billion EGP (63.5 million USD) with insurance companies operating in the MENA region as shareholders.
The creation of the new entity will lead to a revision of the reinsurance regulation in Egypt.
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Mon, 14/02/2022 - 10:51
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