Mr Jean-Louis Laurent Josi, is stepping down from his role as CEO, announced Sukoon Insurance, which is among the UAE's top five insurers in terms of insurance revenue and net profits.
In a statement yesterday, Sukoon said that to ensure a seamless transition, Mr Hammad Khan has been appointed as the Interim CEO.
Mr Khan’s new appointment is effective immediately. Prior to the interim CEO position, he served as CFO and EVP.
“With over 25 years of professional experience and a strong alignment with Sukoon’s values, Hammad brings a wealth of expertise and leadership to this role. He joined Sukoon in 2018 as CFO,” said the statement.
Sukoon also said, “Jean-Louis Laurent Josi, has decided to bid farewell to Sukoon, concluding a remarkable and successful seven-year journey.
“Since joining Sukoon in 2018, Mr Josi has been instrumental in shaping the company into a regional benchmark for customer service, operational resilience and financial strength. Under his leadership, Sukoon has undergone a profound transformation, achieving consistent growth in revenue and profitability, successfully executing on major strategic initiatives and rebranding our company.
“Jean-Louis’ unwavering passion of insurance and customer-centricity has empowered all our teams and elevated Sukoon’s reputation across the industry.”
Mr Badr Al Ghurair, chairman of the Sukoon board, said, “Jean-Louis has been an exemplary leader whose commitment to innovation and excellence has reshaped our company’s trajectory.”
“We thank him for his many contributions and laying a strong foundation for continued success”.
According to the group’s 2024 integrated report, Sukoon posted profit before tax of AED291.5m ($79.4m) for the year-ended 31 December 2024, a growth of 13 % year-on-year. Insurance revenue topped the AED5bn mark for the first time to reach AED5.41bn, a growth of 17% year-on-year. Net investment income reached AED209.1m, a growth of 10% year-on-year. All these key financial metrics were the highest ever in Sukoon’s history.