AXA PHILIPPINES Life and General Insurance Corp. on Wednesday said it has appointed Ayman Kandil as its new president and chief executive officer (CEO) effective Oct. 1.

Mr. Kandil, who is currently AXA Philippines鈥 chief distribution officer and a member of its executive committee, will replace Bernardo Serrano L贸pez, who has held the post for two years, the company said in a statement.

He has over 26 years of experience in the insurance industry, AXA Philippines said, and was previously CEO of AXA Egypt, overseeing four companies: AXA Egypt Investment, AXA Egypt Life, AXA Egypt Non-Life, and AXA Egypt Services.

鈥淲e are thrilled to welcome Ayman in his next big journey at AXA as the new president and CEO of AXA Philippines,鈥 Sally O鈥橦ara, CEO of AXA Southeast Asia and Korea, was quoted as saying. 鈥淗is leadership and expertise will be invaluable as we continue to drive AXA鈥檚 purpose of acting for human progress by protecting what matters. His commitment to innovation and excellence aligns perfectly with our values and strategic objectives.鈥

鈥淚 am deeply honored and excited to take on the CEO role in AXA Philippines,鈥 Mr. Kandil said. 鈥淭he Philippines is a strong market with so many great opportunities to make a difference in people鈥檚 lives. Through our work here in AXA, we aspire to be able to provide the best insurance solutions for Filipinos. I look forward to continuing the company鈥檚 success and service to its customers and other stakeholders, as it has been doing for the past 25 years since AXA was established in the Philippines.鈥

Meanwhile, Mr. Serrano L贸pez will move to a new role within the AXA Group, the company said, where he is expected to continue collaborating with AXA Philippines鈥 board.

AXA Philippines posted a net income of P2.73 billion and a premium income of P21.76 billion in 2023, latest data from the Insurance Commission showed. 鈥 B.M.D. Cruz

RELATED ARTICLESMORE FROM AUTHOR