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Takaful Re Appoints New General Manager
Posted on: Jul 01,2013

The Board of Directors of Takaful Re Limited, a Dubai International Financial Centre based Retakaful operator, is pleased to announce the appointment of Mr. Firas El Azem as its new General Manager with effect from 1 August 2013. He succeeds Mr. Chakib Abouzaid who resigned from Takaful Re earlier in the year.

Mr. El Azem, aged 50, is a graduate of business administration from the University of Cologne and brings with him over 22 years of experience in insurance and reinsurance with a special focus on Takaful. He began his career with Munich Re and worked there for 15 years until becoming the CEO/General Manager of its Kuala Lumpur Branch. He then returned to Syria and lead the establishment of two new private insurance companies, until the war broke out. In 2012, Mr. El Azem moved to Kuwait, where he was last General Manager of Al Safat Takaful.

Mr. Khalid Al Bustani, Chairman, Takaful Re said, "We are pleased to welcome Mr. El Azem on board to lead Takaful Re and we are confident that the company will benefit from his immense business expertise in the emerging market sector of Retakaful. At the same time, I would like to thank Mr. Abouzaid for spearheading Takaful Re expansion over the last 8 years and firmly establishing its brand name throughout the Takaful arena".

 

About Takaful Re

Takaful Re (TRL) is a significantly capitalized Islamic reinsurance company committed to actively contribute to the growth and development of the Takaful industry in accordance with Shari’a principles. TRL's BBB ‘Stable’ long-term counterparty credit and insurer financial strength rating was reconfirmed by Standards and Poor’s. 

Takaful Re is registered in Dubai International Financial Centre (DIFC) number CL0089 and regulated by the Dubai Financial Services Authority (DFSA).

 

 

For further information, please contact  Amel Dardour – Asst. Director, Corporate Communications & Business Planning on Tel: +973 17 544 357, Fax: +973 17 531155, Email:takaful-re@takaful-re.ae

 
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