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Fortune 500 company Prudential Financial to invest in Egypt’s Sarwa Insurance
INVESTMENT WATCH- Prudential Financial to invest in Sarwa Insurance: Fortune 500 insurance firm Prudential Financial’s impact investing arm has inked…
Egypt’s regulator to hand new Insurance Act to cabinet this week
LEGISLATION WATCH- Insurance Act to make its way to Cabinet this week: The Financial Regulatory Authority (FRA) will hand over…
Egypt’s Fawry to move into micro insurance brokerage early 2020
Fawry is planning to venture into micro insurance brokerage by early 2020, CEO Mohamed Okasha told the press, without providing…
Egypt’s Prime Holding acquires close to 10% of AT Lease at EGP 29 mn
M&A WATCH- Prime Holding has acquired close to 10% of Al Tawfeek Leasing (AT Lease) in a transaction worth nearly…
CI Capital’s BoD approves launching consumer finance arm
CI Capital’s board of directors have approved setting up a consumer finance company offering installment plans for durable goods, according…
FRA issues new guidelines for takaful insurers switching to conventional policies
Mutual guarantee “takaful” insurance providers looking to make a switch to offering conventional insurance plans will now have to comply…
Egypt’s FRA finalizes new Insurance Act, capital minimum more or less the same
LEGISLATION WATCH- Small amendments to capital requirements in latest draft of proposed Insurance Act: The Financial Regulatory Authority (FRA) has…
Draft law granting Egypt’s FRA autonomy revealed
LEGISLATION WATCH- Leaked draft law would grant autonomy to the FRA: The full draft of a proposed law to grant…
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