Dubai National Insurance and Reinsurance (DNIR) has announced the appointment of Abdulla Al Nuaimi as its new chief executive officer (CEO) effective April 11, 2021.
The publicly listed company, whose net profit reached 55.073 million dirhams ($15 million) in 2020, said Al Nuaimi has been chosen from a pool of highly qualified candidates.
“We selected [him] after careful deliberation… trusting that he will add great value to the business in these challenging times and lead its strategic development,” said Khalaf Ahmad Al Habtoor, chairman of the board at DNIR.
“With his vast proficiency, Al Nuaimi is the right candidate to achieve the goals set by the board for DNIR and protect shareholders’ interests.
The new CEO has more than 25 years of experience working in the government and private sectors. He has an Executive Master of Business Administration (EMBA) degree in Leadership and Business Management from Wharton Business School of the University of Pennsylvania.
He had worked as the director of operations and international cooperation at Etihad Credit Insurance and served for nearly ten years as the executive vice president for shared services at the Abu Dhabi National Insurance Company.
“2020 was a challenging year for the insurance industry, both in terms of growth expectations and business continuity, but we’ve navigated the challenges with determination and foresight. I trust that Abdullah’s vision will help DNIR achieve new height of success,” said Al Habtoor.
(Writing by Cleofe Maceda; editing by Seban Scaria)
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© ZAWYA 2021