CHUBB Ends CEO Assignment, Appoints Kamran Mazhar as Replacement

CHUBB Arabia Cooperative Insurance Co. announced on Sunday the decision of its Board of Directors to end the duration of assignment of Mr. Abdulaziz Abdelkarim El Khereiji as the CEO of Chubb Arabia, as of the date of April 03, 2025, with his membership continued in the Board of Directors as an Executive Board Member.

According to the Company, this step comes in line with its strategic vision, and after the Company obtained the Insurance Authority Non-objection, the Board of Directors decided to appoint as Mr. Kamran Mazhar as the new CEO of Chubb Arabia, provided that his duties will officially start as of June 04, 2025.

As Mr. Mazhar, he has extensive experience in the insurance industry, as he played a pivotal role in leading many insurance companies towards growth and success. With an Executive MBA from HEC Paris and a Bachelor’s degree in Economics from the University of Texas, his professional career extends for more than two decades, during which he held prominent leadership positions, including his tenure as Chief Operating Officer and the CEO of the Arab Cooperative Insurance Company. His leadership and strategic vision will be instrumental in Chubb Arabia’s continued development and achieving its long-term business goals.