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«Active Capital» For Re-Insurance Expands In the Middle East

Panama-based insurance company Active Capital is planning to expand into the Egyptian insurance market through reinsurance agreements with Egyptian insurance companies in the coming period Raymond Martins, Executive Vice President of Active Capital Reinsurance, said that there are promising growth opportunities in the Egyptian insurance market due to the large population in addition to the low penetration rate of insurance in the community. Martins added that his company seeks to contract with Egyptian insurance companies in order to provide new insurance products to the Egyptian public and to exert greater efforts to improve the lives of citizens and future generations, pointing out that there is a large and new capacity for the company to provide them to the Egyptian insurance companies to be contracted during the coming period.