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Source: Middle East Insurance Review | May 2017

Bahrain Insurance Association elects new board
The Bahrain Insurance Association (BIA) has elected members of the Board for its next term 2017-2018 to continue providing the best services to the insurance sector.
 
   Mr Yahya Nooruddin from t’azur Company was re-elected once as the Chairman of the Board of Directors, and Mr Ebrahim Al Rayes from Bahrain Kuwait Insurance (gig) has been elected as the Vice-Chairman. 
 
   Mr Mahomed Akoob from Hannover ReTakaful has been assigned as the Board Secretary and Mr Jonathan Jane from AXA Insurance as Financial Treasurer. 
 
   The additional five members of the board elected are: Mr Masood Bader from Bahrain National Insurance Company, Mr Jawad Mohammed from Solidarity General Takaful, Mr Jamil Bahou from Crescent Global Insurance Services, Mr Essam Al Ansari from Takaful International and Mr Fouad Abdulla Aziz from Intershield. 
 
   In addition, Mr Emanuel Lantzos from Al Hilal Life and Mr Vineet Kumar from Gulf Union are named as reserve members.

Jordan: JIF re-elects board for a new term
Jordan Insurance Federation (JIF) has re-elected its Board of Directors for the 2017-2019 term. 
 
   Dr Ali Al Wazani, CEO of Solidarity First Insurance Co will continue as the Chairman of the Board and Mr Majed Smairat, General Manager of Middle East Insurance Co will remain the Vice Chairman. 
 
   Other members include Mr Imad Al-Hajeh, General Manager of United Insurance Co; Mr Fadi Saadeh, General Manager of Al Manarah Insurance Co; Dr Lana Bader, General Manager of Euro Arab Insurance Group; Mrs Manal Jarrar, General Manager of National Insurance Co; and Mr Osama Janineh, General Manager of Arab Jordan Insurance Group.

AXIS Re hires Vice President and Deputy Head of Catastrophe Underwriting for Europe and MENA
AXIS Capital Holdings has appointed Mr Michael Leahey as Vice President and Deputy Head of Catastrophe Underwriting for Europe, MENA and Israel, for AXIS Re. In addition to underwriting property catastrophe reinsurance business in those regions, he will help further expand the coordination between AXIS Re’s European underwriting and catastrophe modelling teams. 
 
   He will report to Mr Andrew Bisset, Executive Vice President, AXIS Re, and will be based out of the company’s Zurich office. 
 
   Mr Leahey has nearly a decade of experience underwriting property reinsurance coverage, including catastrophe modelling and analysis of insurance-linked securities (ILS). He joins AXIS Re from XL Catlin, where he was a Senior Property Underwriter and Market Manager for the Nordics region and Senior Property Underwriter for the DACH region. 
 
   Mr Leahey began his reinsurance career at PartnerRe, where he held a succession of Property Catastrophe underwriting roles. Prior to that, he was an environmental geologist and engineer in Zurich. 

Chubb bolsters MENA underwriting team with four appointments
Chubb has announced four appointments to its underwriting team in MENA, as it continues to build its insurance capabilities in the region. 
 
   Mr Adam Groves, currently Senior Underwriter, Oil and Energy for Chubb in MENA, has been promoted to the role of Regional Manager, Oil and Energy, MENA, effective 1 April. In his new role, Mr Groves will contribute to the development of the company’s underwriting industry strategy and have responsibility for its implementation across the region, leading the growth and profitable development of its energy portfolio in MENA. 
 
   Mr Groves has significant experience in MENA’s energy sector, having worked with a wide range of clients within the region’s energy broking sector. He joined Chubb’s MENA team in 2014 as Energy Senior Underwriter. Previous to this, he held the position of Assistant Vice President - Energy Client Executive at Marsh. He will continue to be based in Dubai, reporting to Ms Mojgan Khoshabi, Regional Managing Director for Chubb in MENA. 
 
   Mr Jack Watson has been appointed to the role of Assistant Underwriter, Oil and Energy, MENA. Based in Dubai, he will contribute to the development and profitable growth of Chubb’s energy portfolio across the region and will support the wider energy underwriting team. He relocated to Dubai in 2013 from the UK. Prior to joining Chubb, he held underwriting roles at Liberty and United Insurance. He will report to Mr Adam Groves. 
 
   Mr Iheb Ghileb, previously Property and Terrorism Underwriter for Chubb in MENA, has been promoted to the role of Senior Property and Terrorism Underwriter in MENA. In his new role, Mr Ghileb will continue to be based in Bahrain, and will contribute to the development and profitable growth of Chubb’s property and terrorism insurance portfolios in the region. He has 10 years of insurance industry experience. 
 
   Ms Batool Ali, previously Assistant Underwriter, Oil and Energy, MENA, has been appointed to the role of Assistant Underwriter, Property, MENA, effective 1 April. Based in Bahrain, she will contribute to the development and profitable growth of the company’s property insurance portfolio in the region, with responsibility for both fire and political violence product lines.  
 
   Mr Ghileb and Ms Ali will report to Ms Warda Habib, Regional Property Underwriting Manager for Chubb in MENA. 

Munich Re appoints Asia Pacific, Africa and Middle East health business lead
Munich Re has restructured the responsibility for its health business across the Group. Dr Frank Mayer has been appointed to lead Munich Re’s Health business for Asia Pacific, Africa and Middle East. He reports to Mr Daniel Cossette, Head of Life and Health, for Asia Pacific, Africa and Middle East.
 
   Dr Mayer is also the Senior Executive Officer at Munich Re Underwriting Agents (DIFC) Ltd.

Malaysia: IFSB Secretary-General retires after 6 years at the helm 
The Islamic Financial Services Board (IFSB) has announced the retirement of its Secretary-General, Mr Jaseem Ahmed, effective 14 April 2017, after a six-year term at the helm of the international standard-setting organisations for the Islamic financial services industry.
 
   The Council of the IFSB in its 30th meeting on 6 April 2017, held in Kuala Lumpur, launched measures for the appointment of a new Secretary-General, while appointing the Assistant Secretary-General (Technical & Research) Mr Zahid ur Rehman Khokher as the Acting Secretary-General of the IFSB effective 15 April 2017.
 
   Mr Ahmed, who assumed the position in May 2011, led the stewardship of the IFSB with the introduction of the second generation of the IFSB Standards and Guidelines (SAGs) in enhancing the soundness and stability of Islamic financial services industry (IFSI), within the mandate given to the IFSB. He also spearheaded the formulation of the IFSB’s Strategic Performance Plans, the inaugural one was introduced for the 2012-2015 term, followed by the second in the 2016-2018 period. 
 
   The IFSB also initiated during Mr Ahmed’s tenure as Secretary-General the IFSB’s flagship publication, the annual Islamic Financial Stability Report (from 2013); the IFSB’s annual Standards Implementation Survey, and the preparation of Core Principles for Islamic Finance Regulation (CPIFR or IFSB-17) which aim to facilitate greater integration of Islamic finance into the international economy and global financial architecture. 
 
   In addition, Mr Ahmed oversaw the dissemination of the Prudential and Structural Islamic Financial Indicators (PSIFIs) (2015), a longstanding goal of the IFSB.

Qatar: Doha Insurance Group names new CEO
Doha Insurance Group has appointed Mr Jassim Ali A Al-Moftah as its CEO with effect from 9 April.
 
   Mr Al-Moftah, a Qatari national, has a long-standing track record within the local and regional insurance sector. 
 
   Prior to joining Doha Insurance Group, he served as the CEO of Al Khaleej Takaful Group for several years. Previously, he worked for the Diplomatic Corps during his tenure at the Qatar’s Ministry of Foreign Affairs, after graduating from the University of Missouri in the United States with a bachelor degree in political science. 
 
   Mr Al-Moftah’s appointment comes within the framework of the organisational restructuring aimed at supporting local and regional expansion plans of the group, as well as to ensure efficient performance by highly qualified talents.
 
   Doha Insurance Group gives priority to investing in the Qatari human capital through attracting national talents in the insurance industry and working on enhancing Qatarisation levels among the group and the insurance industry in general, according to its Chairman HE Sheikh Nawaf Nasser bin Khalid Al Thani. The group’s management is also working on training the existing employees to enhance their performance and develop their skills.
 
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