Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has appointed Charalampos Mylonas as the Chief Executive Officer (CEO) of the company.

Mylonas will succeed Ahmad Idris, who resigned as of February 28.

Mylonas joined Adnic in 2020 and he currently holds the position of Deputy CEO; he will assume his new position as the Chief Executive Officer effective March 1, 2023. Over the past 25 years, Mylonas has held various leadership positions in leading insurance companies in the United Arab Emirates and abroad, and has diverse experience in the field of Underwriting, Risk Management and Actuarial Services, as he held several leadership roles in various organisations such as AXA, AIG, Sukoon (Oman Insurance) and Fidelity United Insurance Company.

Sheikh Mohamed bin Saif Al Nahyan, the Chairman of the Board of Directors, said: “Abu Dhabi National Insurance Company has been able to strengthen its position as one of the pioneering companies in the insurance market and to continue its distinguished business strategy that lays strong foundations for continuing sustainable growth and achieving rewarding returns for the Shareholders.”

He added: “We are pleased to appoint Mr. Charalampos Mylonas as the new CEO of the Company, and we wish him success in his new role to continue our journey and achieve our strategic goals. We would like to thank Mr. Ahmad Idris for his efforts during his tenure at Abu Dhabi National Insurance Company, and we wish him success."

Mylonas holds a Master of Actuarial Science and he is a holder of a Chartered Enterprise Risk Actuary Institute of Actuaries (UK), CERA 2019 qualification. – TradeArabia News Service