Delta Insurance and Delta Life Insurance have now become subsidiaries of Wafa Assurance Group (Wafa Assurance), the leading insurer in Morocco.
This follows the completion of the mandatory purchase offer by Wafa Assurance to acquire all the shares of Delta Insurance, which enabled Wafa to own 97.9% of the capital and voting rights of the Egyptian insurer, becoming the main shareholder in both Delta Insurance and Delta Life Insurance. Delta Insurance is the parent of the life insurance company.
In accordance with the requirements of the Financial Regulatory Authority, Wafa’s life insurance arm in Egypt—Wafa Life Insurance-Egypt—and Delta Life Insurance will be merged during 2026. This will result in a stronger and more efficient entity with an expanded product portfolio, an integrated operating model, a strong financial base, enhanced customer services, and multiple distribution channels.
Including Egypt, the Wafa group operates in seven countries across the Middle East and Africa.
In Egypt, Wafa Assurance seeks to meet the diverse needs of individuals and economic actors in the fields of general and life insurance, based on:
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Its proven expertise and diverse product portfolio
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Its leadership and benchmark position in the markets where it operates, especially in Morocco;
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The strength of its financial position, which represents a key pillar for supporting growth and expansion plans.