Rising premiums volume at AMIG

The insurer AMIG has reported its results for the year ending June 30, 2011. At 273 million EGP (46 million USD), gross premiums were up by 7%. Net profits rose by 8.5% at 25.4 million EGP (4.2 million USD) while underwriting results reached 31.5 million EGP (5.2 million USD).

These figures have been disclosed shortly after AM Best granted a B + + rating for its financial strength and a BBB + for its credit rating with stable outlook. AMIG becomes the only Egyptian insurer to be rated.