About us

Board of Directors

The Board of Directors is currently chaired by Mr. Hassan BOUBRIK and comprises 12 substantive members. Directors are elected for a term of three years and may be re-elected at the expiration of the term. They shall continue in office until their successors are elected. The current members of the Board of Directors are detailed below.
  • Hassan Boubrik


    Constituency: Morocco (State and Companies)

  • Aguinaldo JAIME

    Vice Chairman

    Constituency: East and Southern Africa and Sudan

  • Mohamed Ahmed Maait


    Constituency: Egypt (State and Companies)

  • Boubacar Bah


    Constituency: Francophone West and Central Africa

  • Kamel Marami


    Constituency: Algeria (State and 4 Companies)

  • Joseph Vincent


    Constituency: African Development Bank (AfDB)

  • Hafedh Gharbi


    Constituency: Libya, Mauritania and Tunisia (States and Companies)

  • Coenraad VROLIJK


    Constituency: Regional CEO Africa, Allianz SE Casablanca, Morocco

  • Hassan El Shabrawishi


    Constituency: AXA Africa Holding (France)

  • Jean Cloutier


    Constituency: Fairfax Financial Holding (Canada)

  • Moustapha Coulibaly

    Independent Director

    Chairman of the Audit Committee

  • Olorundare Sunday THOMAS


    Constituency: Nigeria (State and Companies)

Mr. Hassan Boubrik was recently appointed as Chairman of the newly formed Supervisory Authority of Insurance and Social Security (ACAPS) which oversees the Insurance Sector in Morocco. He was previously the Director of Insurance & Social Welfare, Ministry of Finance & the Economy, Kingdom of Morocco.

He is a graduate in Finance and Actuarial Science. He is in charge of insurance supervision.

He also served as CEO of a major finance conglomerate in Morocco. Apart from his many board positions, he is an Executive Committee member of the International Association of Insurance Supervisors (IAIS).

Vice Chairman and Member of the Human Resources and Remuneration Committee

Mr Jaime is the current President of the Angolan insurance regulatory authority (ARSEG).

He has also occupied the following positions in Angola: Deputy Prime Minister, Governor of the Central Bank, Minister of Finance, President of the Angolan Agency for Private Investment (ANIP), First President of the Angolan Investment Bank – Banco Angolano de Investimento (BAI), Director of the Foreign Investment Board (FIB), and Director of Planning, Studies and Statistics of the Angolan National Insurance Company.

He holds a Bachelor‘s Degree from the Faculty of Law of the University of Lisbon, a Law Degree from Agostinho Neto University, a Master’s in Business Administration (MBA) and a Master of Arts from the University College of London.

He is presently an MBA Professor at the Angolan Catholic University, Catholic University of Oporto and Catholic University of Rio de Janeiro. 

Director and Chairman of the Audit and Finance Committee

Dr. Maait is currently the Minister of Finance of the Arab Republic of Egypt

He has a first degree in Insurance and Mathematics, M.Phil in Insurance, MSc and PhD in Actuarial Science. He is presently a visiting lecturer in different universities in Egypt, chairman of Egyptian GAD, member of several government committees and Board member of several companies in Egypt.

Mr Boubacar BAH is currently the Director of Insurance at the Central Bank of the Republic of Guinea.

He holds a Master’s degree in Law ( option business) in 1986, from the University of Dakar in Senegal ; a post graduate degree in economic development and planning in Dakar, Senegal and a post graduate certificate in industrial development in Dakar, Senegal. He also hold a post graduate certificate of the Center of economics, financial and banking studies in Paris, France.

He has over 30 years of experience in the Central Bank of Guinea where he served at various managerial capacities including, director of human resources; Director of the banking sector; Inspector of the banking sector, Head of legal department, etc.

Mr Boubacar Bah has once worked in a law firm in Dakar, Senegal.

Mr Marami is currently the Director of Insurance and member of the Insurance Supervisory Commission of the Ministry of Finance of Algeria.

He is a licensed insurer and holds degrees in Economics

and Finance. Mr Marami equally has a postgraduate degree in insurance (diplôme de 3ème cycle).

Dr. Coenraad Christiaan Vrolijk is the current Regional CEO for Allianz in Africa, overseeing the Allianz subsidiaries across the continent. Amongst others, he is on the Board of Directors of Allianz Africa Holding, Allianz Morocco, Allianz Nigeria and Allianz Cameroon, and is a member of the Allianz Group Underwriting Committee. In addition he is on the Board of BIMA (Milvik), as well as the Board of the International Baccalaureate Organization.

Prior to joining Allianz he has served in Private Equity as CEO at Rosewood Insurance in Zurich, as Managing Director at BlackRock in London, and as Partner at McKinsey & Company in Geneva. He holds a BSc. in Economics from the University of Bath, and an MA and PhD. in Economics from Brown University.

Hassan El-Shabrawishi is currently the CEO / Strategic Development Officer for African business at AXA. He is also the chairman of AXA Egypt, AXA Algeria, Microensure and AXA Africa Speciality Risk, and board member of AXA Morocco, AXA Senegal, AXA Cote D’Ivoire, AXA Cameroon, AXA Gabon and AXA Mansard in Nigeria.

He holds an honours degree in Finance and Econometrics from Richmond University in the United Kingdom and an international MBA from IE Business School in Spain. He is a certified director from the National Association of Corporate Directors in the United State of America.

Mr Hassan El-Shabrawishi joined AXA in 2010 as a Business Transformation Leader, he was previously the Group Chief Innovation Officer and the assistant to the deputy CEO of AXA Group. He founded AXA in Egypt and was its Chief Executive Officer.

Before joining AXA, he held several positions in the insurance sector and at the International Finance Corporation (IFC), a member of the World Bank Group 

Director and Chairman of the Risk Management and Information Technology Governance Committee

Mr Jean CLOUTIER is currently Chairman of Fairfax International, Executive Committee Member of Fairfax Financial Holdings Limited and Vice President of International Operations. He holds a Bachelor’s degree in Actuarial Science from Laval University, Quebec City. He is a fellow of the Canadian Institute of Actuaries (FCIA) and Casualty Actuarial Society (FCAS), fellow of the Singapore Actuarial Society and fellow of the Society of Actuaries of Thailand.

Moustapha COULIBALY is currently a senior partner with the firm BDO in Côte d’Ivoire. Previously, he was the managing partner of Grant Thornton Côte d’Ivoire (2012-2018) and, COO of Deloitte & Touche Côte d’Ivoire (2000-2007).

He holds a USA CPA degree (Certified Public Accountant), an MBA degree in Finance & Management from ADELPHI University, Long Island, New York, USA and, a Bachelor degree in management and, a Master degree in Finance from the University of Abidjan, Côte d’Ivoire.

Mr. COULIBALY was external auditor (as Audit partner) to AFDB group for 25 years, external auditor to AFRICA RE for 8 years (as Engagement Partner) and, to CICA RE for 9 years (as Engagement partner).

Mr. COULIBALY is the founder of Lycée Maurice DELAFOSSE in Abidjan, Côte d’Ivoire of which he was the chairman of the Board from

inception in 2004 to 2017.

Mr Olorundare Sunday THOMAS became substantive Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Nigeria with effect from 30 April 2020, after his appointment as acting Commissioner in August 2019.

Prior this appointment, Mr THOMAS was the Deputy Commissioner in charge of technical matters at the Commission from April 2017 to August 2019.

Mr THOMAS is a thorough-bred insurance professional with vast knowledge and experience in underwriting, regulation and hands-on management of human and material resources spanning over four decades uninterrupted.

During these years, he traversed the entire insurance sector in Nigeria leaving indelible marks along the way. It is during his tenure as Director – General of the Nigerian Insurers Association (NIA) between May 2010 and April 2017 that the Association successfully developed and deployed the Nigeria Insurance Industry Database (NIID) platform.

He holds a BSc (Hons) in Actuarial Science and an MBA Finance both from the University of Lagos. He is also an Associate member of the Chartered Insurance Institute, London and Nigeria, Member Society of Fellows of the CII London, Member Nigeria Institute of Management among others.