Reinsurance News

Yegnamurthy becomes new Head of Reinsurance for Dubai-listed SALAMA

23rd May 2023 - Author: Kassandra Jimenez-Sanchez

Govindarajan Yegnamurthy has started a new position at SALAMA – Islamic Arab Insurance Co., as the company’s new Head of Reinsurance, a Dubai-based role.

handshakeYegnamurthy brings to his new role close to two decades of industry experience, over six of them with SALAMA, as he joined the company in 2017 as Head of Non Motor Underwriting.

Prior to his time with the Takaful provider, he served as Reinsurance Vice President for Orient Insurance Company. Before that, he was Senior Vice President – Reinsurance for Oman Insurance Company PSC, a role he Yegnamurthy held for almost 12 years.

Yegnamurthy joins SALAMA at a time when the Takaful and Re-Takaful industry is witnessing rapid expansion with significant worldwide potential.

SALAMA – Islamic Arab Insurance Company is one of the world’s largest and the oldest Takaful provider, the company noted, listed in Dubai Financial Market with paid-up capital of AED 1.21 Billion (USD 330 Million).

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It offers a comprehensive range of Family, General and Health Takaful solutions; and serves both individual and institutional customers in the UAE, and through its network of subsidiaries and associates in Saudi Arabia, Algeria and Egypt.

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