Al Alamiya appoints new Managing Director and CEO

Al Alamiya appoints new Managing Director and CEO
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Published November 23rd, 2010 - 10:20 GMT

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Cooperative Insurance Company
,
Medgulf Group
,
Shaikh Ali Hussein Ali Reza
,
Al Alamiya
,
Saudi Monetary Agency

Al Alamiya for Cooperative Insurance Company announced today the appointment of Hassan Nasser as Managing Director and CEO of the company with effect from 11th November 2010, following board and regulatory approval.

Mr. Hassan Nasser will join Al Alamiya from Medgulf Group and has over 15 years of experience within the industry and has undertaken senior management roles in Europe as well as the Middle East. Mr Nasser is well versed with the Saudi Arabian insurance market as well as the wider Middle East market. Mr. Nasser has undertaken, among others, senior managerial roles with Gen Re where he was exposed to the Middle East and some European markets.

Commenting on the appointment, Shaikh Ali Hussein Alireza, Chairman of the Board of Directors of Al Alamiya, said:

"We are delighted to welcome Hassan Nasser to Al Alamiya and look forward to his future leadership of the company.

"Al Alamiya has made significant progress over the last few years in completing its listing on the Tadawul and receiving approval from the Saudi Monetary Agency for a full range of insurance products.

"There is significant opportunity for general insurance in the Kingdom of Saudi Arabia, and we are confident that Hassan Nasser, as Managing Director & CEO, can lead the company to achieve its strong growth targets over the years ahead."

The Saudi Monetary Agency granted approval of this appointment on 18th September following approval by the Board of Directors of Al Alamiya for Cooperative Insurance 

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