AXA, one of the largest international players in the GCC, has announced the appointment of Paul Adamson as chief executive officer of AXA Gulf.

 

He will take over from Cédric Charpentier, who has decided to leave the AXA Group after 22 years. 

 

Adamson joined AXA in 2005 and is currently managing director of AXA Cooperative in Saudi Arabia. He has over 30 years’ experience in the insurance industry and is also a chartered insurer. He has spent the last 20 years working in the Middle East Region. In 2010 Adamson led the IPO and floatation of AXA on the Saudi Stock Exchange, and since joining AXA has held various senior positions throughout the region.

 

Benoît Claveranne, CEO of AXA International & New Markets, said: “Paul enjoys an extensive knowledge of the region and this, coupled with his strong leadership capabilities, makes him the ideal candidate to take our operations in the GCC forward. He has delivered significant successes during his time in the region and I am confident that he and his team will continue to achieve great things.

 

“I am grateful to Cédric for his professionalism and commitment to AXA Gulf. He was a respected leader, delivering remarkable growth and implementing a series of innovative initiatives that changed the face of insurance. I wish him all the very best in his next endeavour.”

 

Adamson is expected to continue overseeing AXA’s operations in Saudi Arabia, and subject to regulatory approval, should take up his new role with effect from November 1. - TradeArabia News Service