November 28, 2011 - The Board of Directors of Green Crescent Insurance Company PJSC, a leading Group Health & Life Insurance company in the UAE, announced today the appointment of Dr. Hazem Al Madi as the Chief Executive Officer.
Dr. Hazem Al Madi is an experienced insurance professional and is widely seen as an industry trendsetter. Prior to joining Green Crescent, Dr. Al Madi was the Executive Vice President in-charge of the Health Insurance Division at a leading insurance company in the UAE. Dr. Al Madi has significantly influenced the shape of the health insurance sector with over a decade of experience in the regional and local insurance market. Interacting with major international and regional players, his expertise spans across many sectors to include; operations, technical, business development and strategic planning.
Commenting on the announcement, H.E. Sheikh Saeed Bin Hamdan Al Nahyan, Chairman of Green Crescent Board of Directors said: "We have tasked Dr. Hazem Al Madi with steering the company to profitability and believe that his entrepreneurial spirit and business acumen will provide exceptional value. Dr. Hazem Al Madi´s enthusiasm and energy, and his deep local industry expertise are expected to help us realize the full potential of Green Crescent."
Green Crescent was founded on four core principles of Global Presence, Flexibility, Technology and Care Management and will remain committed to these fundamentals. Green Crescent has grown tremendously in its three years of operation. The strategy moving forward under Dr. Hazem Al Madi´s leadership will be to focus on the balance sheet and at the same time enhance service and customer focus.
About Dr. Hazem Al Madi
A Bachelor of Medicine and General Surgery, Dr Hazem Al Madi consolidated his medical education and development through a range of multi-faceted programs: Post Graduation in IT and Healthcare Management accredited from the American Medical Association; Credit Analysis from Standard & Poor´s, USA; Black Belt in Six Sigma; and Member, Institute of Risk Management, UK - to name a few. Dr Al Madi started his insurance career in 1999 as the medical underwriter; he went on to become the Operational Head of a multinational TPA Company
AXA Green Crescent Insurance Company (AXA Green Crescent) is part of AXA Group, a worldwide leader in insurance and asset management. Headquartered in Abu Dhabi, AXA Green Crescent has been created post a strategic alliance between AXA Group, Kanoo Group and Green Crescent Insurance Company (GCIC). GCIC was founded in 2008 as a public joint stock company to provide tailor-made health and life insurance solutions to groups and corporate clients. AXA Green Crescent now aims to offer life protection and savings solutions to customers in the UAE, making AXA Gulf a one stop shop for all insurance needs.
AXA in the Gulf