{"id":652108,"date":"2017-02-28T04:07:14","date_gmt":"2017-02-28T04:07:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/aig-to-suspend-retail-insurance-activities-in-egypt\/"},"modified":"2017-02-28T04:07:14","modified_gmt":"2017-02-28T04:07:14","slug":"aig-to-suspend-retail-insurance-activities-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/aig-to-suspend-retail-insurance-activities-in-egypt\/","title":{"rendered":"AIG to suspend retail insurance activities in Egypt"},"content":{"rendered":"

American International Group (AIG) decided on Sunday to suspend sales of its auto, personal property, and home insurance products in Egypt effective from the beginning of April and will \u201crestructure its operations\u201d in the coming period, Al Borsa<\/a> reports. Current policies will not be impacted by the decision.<\/p>\n","protected":false},"excerpt":{"rendered":"

American International Group (AIG) decided on Sunday to suspend sales of its auto, personal property, and home insurance products in Egypt effective from the beginning of April and will \u201crestructure its operations\u201d in the coming period, Al Borsa reports. Current policies will not be impacted by the decision.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652108","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"418c6297-1410-4c31-8327-d261817f4f8a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652066],"teaser":"","voice_url":""},"yoast_head":"\nAIG to suspend retail insurance activities in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/aig-to-suspend-retail-insurance-activities-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AIG to suspend retail insurance activities in Egypt\" \/>\n<meta property=\"og:description\" content=\"American International Group (AIG) decided on Sunday to suspend sales of its auto, personal property, and home insurance products in Egypt effective from the beginning of April and will \u201crestructure its operations\u201d in the coming period, Al Borsa reports. Current policies will not be impacted by the decision.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/aig-to-suspend-retail-insurance-activities-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-28T04:07:14+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/aig-to-suspend-retail-insurance-activities-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/aig-to-suspend-retail-insurance-activities-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AIG to suspend retail insurance activities in Egypt\",\"datePublished\":\"2017-02-28T04:07:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/aig-to-suspend-retail-insurance-activities-in-egypt\/\"},\"wordCount\":56,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/aig-to-suspend-retail-insurance-activities-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/aig-to-suspend-retail-insurance-activities-in-egypt\/\",\"name\":\"AIG to suspend retail insurance activities in Egypt - 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Group wants to acquire AIG Egypt","author":"enterpriseam admin","date":"10 August 2022","format":false,"excerpt":"Kuwaiti insurer wants AIG Egypt: A unit of Kuwait\u2019s largest ins. group has submitted a takeover bid for AIG Egypt, the Financial Regulatory Authority (FRA) said in a disclosure (pdf) to the EGX yesterday. Gig-Egypt, a subsidiary of Gulf Ins. Group (Gig), wants to acquire between 75% and 100% of\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/200.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584601,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/03\/gig-egypt-on-course-to-acquire-95-of-aig-egypt\/","url_meta":{"origin":652108,"position":1},"title":"Gig-Egypt on course to acquire 95% of AIG Egypt","author":"enterpriseam admin","date":"3 April 2023","format":false,"excerpt":"The FRA has approved Gig-Egypt\u2019s mandatory tender offer","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596503,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/29\/aig-badr-city-factory-to-open-by-the-end-of-2019\/","url_meta":{"origin":652108,"position":2},"title":"AIG Badr City factory to open by the end of 2019","author":"enterpriseam admin","date":"29 August 2019","format":false,"excerpt":"Arab International Pharmaceuticals Group (AIG) plans to begin operating its new EGP 400 mn antibiotics factory in Badr City by the end of this year, according to local news. AIG had initially planned to inaugurate the factory last year, and had expected to invest EGP 200 mn in the facility.\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576265,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/egypt-kuwait-holding-increases-stake-in-mohandes-insurance-by-another-2\/","url_meta":{"origin":652108,"position":3},"title":"Egypt Kuwait Holding increases stake in Mohandes Insurance by another 2%","author":"enterpriseam admin","date":"17 November 2020","format":false,"excerpt":"Egypt Kuwait Holding (EKH) has purchased another 2% stake in Mohandes Insurance, just a few days after it doubled its ownership in the insurance provider, according to a regulatory filing (pdf). EKH now holds 22% in Mohandes. Pharos Holding executed the transaction on the OTC market.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593486,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/fra-approves-efgs-request-to-suspend-bond-trading-arm\/","url_meta":{"origin":652108,"position":4},"title":"FRA approves EFG\u2019s request to suspend bond trading arm","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) has approved a request from EFG Hermes\u2019 to suspend for one year one of its fixed income trading subsidiaries, according to an FRA statement (pdf). EFG Hermes had founded the subsidiary back some years ago, when it obtained a license for it. It had remained\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591241,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/01\/591241\/","url_meta":{"origin":652108,"position":5},"title":"CORRECTION- We incorrectly reported on\u2026","author":"enterpriseam admin","date":"1 December 2019","format":false,"excerpt":"CORRECTION- We incorrectly reported on Thursday that EFG Hermes had made a request to the Financial Regulatory Authority to suspend its fixed income trading business. The firm requested permission of the FRA to suspend the activities of a dormant subsidiary for which it had obtained a license in 2011. 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