American International Group (AIG) has announced the appointment of Mohamed Ali Bouabane as the new CEO for the Gulf and North Africa region.
A leading global insurance organization, AIG said its member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions.
In his new role, Bouabane will manage AIG’s multiple country operations in the UAE, Egypt, Kuwait, Qatar, Lebanon, and Morocco overseeing end-to-end operations including sales activities, service and support.
Bouabane assumes his new role after serving as the Asia Pacific leader for Accident & Health, Travel and Service programs at AIG.
Prior to that, he managed AIG operations across the Middle East, Africa, Central Asia, Eastern Europe and Asia Pacific, with core responsibilities for development and execution of digital strategies, accident & health underwriting, country distribution strategies, and managing large sales, distribution and underwriting teams.
Bouabane joined AIG in 2007 from Blue Cross Blue Shield in Canada. He holds an Applied Physics Degree from the Andre-Laurendeau College in Montreal, Canada.
Lauding the appointment, CEO (Europe, Middle East and Africa) Thomas Lillelund said: "This recognises Bouabane's expertise and commitment to our partners and clients. I am confident that he will demonstrate leadership and skilled execution in delivering on our strategic objectives across this important market for the AIG EMEA business."
On his appointment, Bouabane said: "I appreciate the confidence Thomas and the leadership team have placed in me. AIG has a long history in the region, we have a deep understanding of our markets and excellent relationships with our business partners."
"These two factors combined will ensure we continue to have focused strategies shaped on the needs of our geographies. I am particularly excited with our Reinsurance strategy out of the DIFC which will supplement our direct insurance operations across the region," he added.-TradeArabia News Service