Changes have been made at the head of several insurers this summer with the arrival of new CEOs, following a trend in recent years that has seen some public and private insurers re-make their management entirely.
In the private sector, the owners of CIAR and the Algerian Insurance Company (SAA), respectively, Messers Hadj Tahar Soufi and Abdelwahab Rahim, have decided to make changes.
At SAA, Mr Tahar Bala has been replaced as CEO by the new Deputy General Manager, Mr Mourad Kaoula, who was formerly with Trust Assurances.
Mr Mouloud Abane is the new CEO of CIAR, replacing former CEO Hocine Hassani. Mr Abane was previously Chairman of the board of directors of SAA’s life insurance subsidiary, Amana.
In the government sector, life and health insurers saw the arrival of new CEOs.
At the Mutualist, which is a subsidiary of the Caisse Nationale de Mutualite Agricole, Mr Mohamed Rafik Benelmouffok has been replaced by Mr Attmane El Akeb Kamel, who was previously the head of the regional bank, Chlef.
The appointments at CIAR and the Mutualist are awaiting board confirmation or completion of a trial period, reported Emerging Maghreb.
At Taamine Life Algeria, a CAAT subsidiary, Mr Nacer Aberhouche, submitted his resignation as CEO to the board of directors last June. He is replaced by Ms Dalila Ouaïl who is acting CEO pending the appointment of a new CEO. Ms Ouaïl previously held the position of commercial director at the company.
Also, at the Automobile Guarantee Fund, Mr Mohamed Fatmi, who left the company this summer, is replaced by Abderrahmane Ahmed-Bacha, who was previously the company’s Legal and Technical Director.
Meanwhile, MAATEC, a teachers’ insurance mutual, has been without a head for many months since Mr Mohamed Yahiaoui vacated the position. M