About us

Board of Directors

The Board of Directors is currently chaired by Mr Hassan BOUBRIK and comprises 12 substantive members. Directors are elected by the General Assembly for a period of three years and may be reelected at the expiration of the term. They shall continue in office until their successors are elected. The table below contains the current members of the Board of Directors of the Corporation as well as the constituencies/group of shareholders which they represent.
  • Hassan BOUBRIK

    Chairman

    Constituency: Morocco (State and Companies)

  • Aguinaldo JAIME

    Vice Chairman

    Constituency: East and Southern Africa and Sudan

  • Mohamed Ahmed MAAIT

    Director

    Constituency: Egypt (State and Companies)

  • Boubacar BAH

    Director

    Constituency: Francophone West and Central Africa

  • Kamel MARAMI

    Director

    Constituency: Algeria (State and 4 Companies)

  • Joseph VINCENT

    Director

    Constituency: African Development Bank (AfDB)

  • Hafedh GHARBI

    Director

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

  • Coenraad VROLIJK

    Director

    Constituency: Regional CEO Africa, Allianz SE Casablanca, Morocco

  • Hassan EL SHABRAWISHI

    Director

    Constituency: AXA Africa Holding (France)

  • Jean CLOUTIER

    Director

    Constituency: Fairfax Financial Holding (Canada)

  • Olorundare Sunday THOMAS

    Director

    Constituency: Nigeria (State and Companies)

  • Moustapha COULIBALY

    Independent Director

    Constituency: Not Applicable (Independent)

Board Chairman
Chairman of the Nomination and Governance Committee

Mr BOUBRIK is currently the Chairman of the Supervisory Authority of Insurance and Social Security in Morocco. He holds degrees in Finance and Actuarial Science and is in charge of insurance supervision.

He previously served as Chief Executive Officer of a major finance conglomerate in Morocco and has held many board positions.

Vice Chairman of the Board
Chairman of the Human Resources and Remuneration Committee
Member of the Nomination and Governance Committee

Mr JAIME has occupied the following positions in Angola: President of the Angolan insurance regulatory authority (ARSEG), 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, London.

He is presently a visiting lecturer in business administration at the Angolan Catholic University, Catholic University of Oporto and Catholic University of Rio de Janeiro.

Director
Chairman of the Finance and Investment Committee
Member of the Audit Committee

Dr MAAIT is the current 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 the Egyptian Governmental Actuarial Department (EGAD), member of several government committees and board member of several companies in Egypt.

Director
Member of the Audit Committee
Member of the Finance and Investment Committe

Mr Boubacar BAH is the Director of Insurance at the Central Bank of the Republic of Guinea.
He holds a Master’s degree in Law from the University of Dakar, Senegal and a Postgraduate diploma from the Centre for Economics, Banking and Financial studies in Paris, France.
He has over 30 years of experience in the Central Bank of Guinea, where he has held several top managerial positions amongst others, Director of Human Resources, Director of the Banking Sector, Head of the Legal Department etc.


Director
Member of the Nomination and Governance Committee
Member of the Human Resources and Remuneration Committee

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

He is a professional insurer and holds degrees in Economics and Finance. Mr MARAMI equally has a Postgraduate degree in insurance.

Director,
Member of the Human Resources and Remuneration Committee
Member of the Finance and Investment Committee

He trained in industrial psychology and worked in the non-profit sector for 5 years. Thereafter, Mr Joseph VINCENT worked for 14 years in human resources for Japanese, American and European multinationals. For the past 25 years he has worked in senior management positions in credit and political risk insurance as well as risk mitigation of renewable energy projects.

Mr Joseph VINCENT has served as Chief Underwriting Officer at the African Trade Insurance Agency (ATI) and Senior Advisor Financial Products, International Agency for Renewable Energy (IRENA). He has also worked as Senior Advisor, Regional Liquidity Support Facility - a joint project of ATI and KfW, which provides guarantees to renewable energy independent power producers

Director,
Member of the Human Resources and Remuneration Committee
Member of the Underwriting, Risk Management and Information Technology Governance Committee

Mr. Hafedh GHARBI is the Chairman of the General Insurance Committee (Comité Général des Assurances), the supervisory authority of Tunisia. Mr Hafedh GHARBI has previously served as Managing Director of Banque Tunisienne de Solidarité (BTS) and Controller General of Finance. He holds a Master’s degree in Economics and a Postgraduate Diploma in Public Finance from the National School of Administration of Tunis.

Director
Member of the Finance and Investment Committee
Member of the Nomination and Governance Committee

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.

Director
Member of the Human Resources and Remuneration Committee
Member of the Finance and Investment Committee

Mr. 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
Chairman of the Underwriting, Risk Management and Information Technology Governance Committee

Mr Jean CLOUTIER is the current Chairman of Fairfax International, Executive Committee Member of Fairfax Financial Holdings Limited and Vice President of International Operations. Mr Cloutier 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.

Director
Member of the Underwriting, Risk Management and Information Technology Governance Committee
Member of the Nominations & Governance Committee

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.

Independent Director
Chairman of the Audit Committee
Member of the Finance and Investment Committe

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.