Catherine Adel

Arab Misr Insurance Group “gig”

About us Arab Misr Insurance Group "gig" is an Egyptian Insurance company established in 1994 under the Egyptian Insurance Law No. 10 of 1980, gig is a member of the Egyptian Insurance Federation and started business since July1st , 1994 . Issued capital is EGP 500 M. Paid up capital is EGP 175 M. Milestones : 2009 : gig was the 1st insurance company in the Egyptian market in both underwriting & Technical results ( EFSA report on 30/6/2009 ) 2010 : gig was the first in growth ratio in Egyptian Market 2011-2015 : gig gets its first financial rating by A.M.Best and becomes the only rated Egyptian Insurance company in the local market . Our Rating : ِ gig is rated a Financial Strength Rating B++ and Issuer Credit Rating BBB by A.M.Best. The outlook for both ratings is stable. The ratings of gig reflect its good level of risk-adjusted capitalization, good financial performance and improving business position in Egypt . The main shareholders of gig are:- 1. Gulf Insurance Company (Kuwait ) Major contributor with 94.8% 2. Suez Canal Bank with 5% 3. Egyptian Businessmen with 0.15%