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Article: AIG Buys Stake In Egypt Firm.(Brief Article)
- Article from:
- National Underwriter Property & Casualty-Risk & Benefits Management
- Article date:
- December 4, 2000
CopyrightCOPYRIGHT 2000 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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American International Group has purchased 90 percent of the outstanding shares of Pharaonic Insurance Company S.A.E., an Egyptian company licensed since 1993 to provide general insurance and reinsurance products and services in Egypt.
Mounir Ghabbour will continue as chairman of the board Cairo-based Pharaonic and will retain a minority interest. Peter Hammer, ...
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