Egyptian insurance market

Wafa Assurance Completes Strategic Acquisition of Delta Insurance in Casablanca, Strengthening Market Position in Morocco

In a significant move set to reshape the Egyptian insurance market, Wafa Assurance has announced a non-binding offer to acquire Delta Insurance S.A.E, a leading player in the sector.This proposed insurance acquisition, submitted on December 8, 2024, could see Wafa Assurance securing between 51% and 100% of Delta’s shares at an estimated total of 5 billion Egyptian pounds.