New mutual insurer gets go-ahead
Morocco: Casablanca-headquartered Banque Centrale Populaire has received the green light from regulators to start its own insurance company in Morocco. The new insurance company will have an initial capital of MAD50 million (USD6.06 million). It will be named Taamine Chaabi (Assurance Populaire) and operate along the lines as a mutual. It will be managed by Moroccan […]
