Three companies emerged from MIHC
, and are 100% owned by it: Misr Insurance (properties); Misr Life Insurance; and Misr Real Estate Assets.
As part of these plans, MIHC is preparing to accept bids to choose a real estate developer in order to develop a piece of land it owns in Gezirat Bodran on the Nile Corniche.
MIHC aims to cooperate with the Ministry of Investment to maximise MREA's investments in cooperation with internal and external real estate developers, and the company's activities will not be limited to merely getting rents and selling residential units and malls.
The transition to an MIHC will not drive any changes to Florida Blue's member health care benefits, its physician and hospital networks, and the partnerships it has in place with medical providers to improve health care quality.
Under the plan that has been filed with the OIR, Florida Blue will be organized under an MIHC system and will continue to fulfill its not-for-profit mission.
In that it is a place where individuals can be assisted in the goal of improved and healthier living, the MIHC
concept embodies our company's mission more than any other facet of our business," said Howard Murad, M.
Officials of both companies expect the transaction to close before the end of the year, subject to approval by eligible members of Lafayette Life MIHC
Without a doubt, MIHC
has been a tremendous success and enabled us to do many things, one of which was to acquire BT Financial Group, the largest acquisition in the company's history and extremely important to our global strategy," said David J.
Lafayette Life) on CreditWatch with positive implications following the announcement of the proposed merger of its parent, Lafayette Life MIHC
Our move to MIHC
status is a move to recognize the great changes that are transforming our industry and positions us in such a way as to maintain and grow our competitive strengths and take advantage of opportunities as they arise.
The rating action follows today's announcement that the boards of directors of Lafayette Life MIHC
It was designed to provide reasonable assurance to policyholders in the Closed Block that after adopting the MIHC
structure, assets would be available to maintain policy dividend scales in effect for 1997, if underlying experience continues, and to allow for appropriate adjustments if experience changes.