ICMIF member Solidarity General Takaful, Bahrain, has announced the appointment of Youssef Al Kareh as the new CEO of the organisation. Solidarity General Takaful is a subsidiary of Solidarity Group Holding, one of the largest Takaful companies in the world. Youssef was made Acting General Manager in March 2011 and has been with Solidarity Group since early 2009 when he joined as Head of Risk Management.
“Youssef is no stranger to Solidarity and has held several senior posts within the group,” said Solidarity Group Chief executive and Solidarity General Takaful Vice-Chairman Ashraf Bseisu.
“His appointment at the helm of Solidarity General Takaful is a reflection of the board’s confidence in his abilities to guide our flagship company in the current challenging market environment,” Mr Bseisu said.
“I am privileged to have been selected to lead the company as we push ahead with the implementation of our strategic plans in Bahrain,” said Mr Al Kareh.
“I am confident that, under the board’s directives and with the support of the management team, we will be able to translate our corporate vision into a tangible reality,” he added.
Before joining Solidarity, Youssef was a director of investment structuring at an Islamic investment firm in Bahrain. Youssef holds an MSc in Financial Engineering from the ICMA Centre at the University of Reading. He is a fellow of the Chartered Insurance Institute in London and a chartered insurance practitioner, a member of the Securities and Investment Institute and an associate member of the Association of Corporate Treasurers.