Egypt, Misr Insurance wins the bid of Suez Steel’s non life insurance policy

Suez Steel Company has retained Misr Insurance as the insurer of the risks pertaining to fire, theft, explosions, machinery breakdown and natural events. The policy of an insured sum of 11 billion EGP (1.4 billion USD) lasts for one year.

All of the local insurers were battling it out for this bid. Suez Steel is one of the country’s most important industrial companies.