Cairo-based Delta Insurance eyes renewing talks with Hannover, Swiss, AXA Re

People walk past a closed exchange bureau with an advertisement showing images of the U.S dollar and other foreign currency in Cairo, Egypt, October 12, 2016. Picture taken October 12, 2016. REUTERS/Amr Abdallah Dalsh
Reuters Images/Amr Abdallah Dalsh

Egypts Delta Insurance Company is to start by the end of November talks to renew its annual reinsurance agreements for 2017, its chairman El-Sayed El-Gohary said.

Amwal Alghad

November 11, 2016

PHOTO
People walk past a closed exchange bureau with an advertisement showing images of the U.S dollar and other foreign currency in Cairo, Egypt, October 12, 2016. Picture taken October 12, 2016. REUTERS/Amr Abdallah Dalsh

Thursday, 10 November 2016

Egypt’s Delta Insurance Company is start by the end of November talks to renew its annual reinsurance agreements for 2017, its chairman El-Sayed El-Gohary said Thursday.

The Egyptian insurer aims to renew its reinsurance agreements with Germany’s Hannover Re, Swiss Re Group, and France’s AXA Reinsurance, El-Gohary.

The Egyptian official further said he expects that the reinsurers would renew agreements with Delta without placing any additional conditions.

Delta, which is headquartered in Giza, started operations in 1981.