|07 October, 2019

AXA Gulf appoints CEO

Paul Adamson as Chief Executive Officer of AXA Gulf.

Paul Adamson

Paul Adamson

Dubai: AXA, one of the largest international players in the GCC and the no. 1 global insurance brand* for the 10th consecutive year, has announced the appointment of Paul Adamson as Chief Executive Officer of AXA Gulf.

He will take over from Cédric Charpentier, Chief Executive Officer of AXA Gulf, recent Member of the INM Executive Committee and Strategic Development Officer for AXA Gulf, Saudi Arabia & Turkey, who has decided to leave the AXA Group after 22 years.

Mr Adamson joined AXA in 2005 and is currently Managing Director of AXA Cooperative in Saudi Arabia. He has over 30 years’ experience in the insurance industry, is also a Chartered Insurer and has spent the last 20 years working in the Middle East Region. In 2010 Mr. Adamson led the IPO and floatation of AXA on the Saudi Stock Exchange, and since joining AXA has held various senior positions throughout the region.

Commenting on the new appointment, Benoît Claveranne, CEO of AXA International & New Markets, said; “Paul enjoys an extensive knowledge of the region and this, coupled with his strong leadership capabilities, makes him the ideal candidate to take our operations in the GCC forward. He has delivered significant successes during his time in the region and I am confident that he and his team will continue to achieve great things.

“I am grateful to Cédric for his professionalism and commitment to AXA Gulf. He was a respected leader, delivering remarkable growth and implementing a series of innovative initiatives that changed the face of insurance. I wish him all the very best in his next endeavour.”

Mr Adamson is expected to continue overseeing AXA’s operations in Saudi Arabia, and subject to regulatory approval should take up his new role with effect from 1 November 2019.

*As per Interbrand 2018 ranking.

- Ends –

ABOUT AXA

AXA, one of the largest global insurers, is a worldwide leader in Insurance and Asset Management with a purpose of empowering people to live a better life. In the Gulf region, AXA has been present for more than 68 years, offering a wide range of insurance products and services for corporate, SME and individual customers.

AXA in the Gulf is one of the largest international players in the G.C.C., covering the UAE, Oman, Bahrain and Qatar markets, with a workforce of over 800 employees, 25 branches and retail shops region-wide and over 1 million customers. With a range of products and services tailored to each customer, covering property & casualty insurance and life & health insurance, AXA in the Gulf is a multi-lined one-stop shop insurer.

Additionally, AXA is focused on helping the world better face climate risk, whilst also extending protection and risk knowledge to the public, in an effort to contribute to global economic development and become a trusted partner for customers in the region.

Recognised as a leading insurance brand, AXA has been winning several awards for its quality of services and products, and remains the #1 Global Insurance Brand for the 10th consecutive year as per Interbrand 2018 ranking. For more information visit www.axa.ae and follow us on  .

FOR MORE INFORMATION:

AXA:       
Tony Hamad
Regional Brand & Communication Manager
Tony.Hamad@axa-gulf.com
+971 4 447 6181 

WEBER SHANDWICK:
David Ross
Senior Account Director
DRoss@webershandwick.com
+971 4 445 4260                                                

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and AXA’s plans and objectives to differ materially from those expressed or implied in the forward looking statements. Please refer to Part 4 - “Risk factors and risk management” of AXA’s Document de Référence (Annual Report) for the year ended December 31, 2016, for a description of certain important factors, risks and uncertainties that may affect AXA’s business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.

© Press Release 2019

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