Guy Carpenter appoints President of new International Division
Guy Carpenter & Company has appointed Mr James Nash to the newly-created role of President, International, subject to regulatory approval. Mr Nash, who currently runs Guy Carpenter’s Asia Pacific operations, will continue reporting to Mr Peter Hearn, President & CEO of Guy Carpenter, and will relocate to London.
Guy Carpenter’s International Division will consist of all operations in Europe, Middle East and Africa (EMEA), Latin America and Caribbean, and Asia Pacific regions. A successor for Mr Nash in Asia Pacific will be announced in 2017.
Mr Nash joined Guy Carpenter in 1985 and assumed his present role in 2008.
Chubb names new Managing Director in Egypt
Chubb has promoted Mr Ihab ElAwady, previously General Manager, Egypt, to the role of Managing Director of its non-life insurance operations in the country. His appointment has been approved by the local regulator and is effective immediately.
In his new role, Mr ElAwady will be responsible for the leadership and management of Chubb’s Egypt business. He will continue to be based in Cairo, reporting to Mr Ghassan Wazen, Vice Chairman, Egypt and Head of North & Sub Saharan Africa for Chubb.
Mr ElAwady has over 10 years’ experience in the insurance industry. He joined ACE in 2005 as Finance Manager for Egypt and was appointed Deputy General Manager and Financial Controller in Egypt on 2011. In 2012 he was appointed to his current role as General Manager in Egypt. Before joining the company he worked in the automotive industry with one of the biggest German motor manufacturers, Duetz.
Saudi Arabia: AICC appoints General Manager
Arabia Insurance Cooperative Company (AICC) has appointed Mr Ammar Halawani as General Manager effective 29 November 2016.
Mr Halawani has been AICC’s Deputy GM of Finance since 2009. He has 18 years of experience in finance, banking and insurance.
UAE: ADCorp appoints new CEO
Mr Talal Al Zain has been appointed as the CEO of the newly established ADCorp, the first Islamic financial institution at the Abu Dhabi Global Market (ADGM).
ADCorp is incorporated and subject to final regulatory approval, will be regulated by the ADGM Financial Services Regulatory Authority (FSRA) under a Category 5 “Islamic financial institution” licence. It was established with authorized capital of US$100 million and its founding shareholders are Abu Dhabi Financial Group (ADFG) and GFH Financial Group (GFH).
Mr Al Zain is recognised as one of the region’s leading asset management executives. Most recently, he was the CEO of PineBridge Investments Middle East and had joint management responsibility for PineBridge’s alternative investments capabilities, as Co-Head of Alternative Investments. Prior to joining PineBridge, he was the CEO of Bahrain Mumtalakat Holding Company, the sovereign wealth fund and investment arm for the Kingdom of Bahrain.
Previously he spent 18 years with Investcorp as Managing Director and Co-Head of Placement and Relationship Management.
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