Mohamed Ghazy becomes GAIF’s Egypt Representative

The Insurance Federation of Egypt (IFE) announced Tuesday that Mohamed Ghazy has been appointed as Egypt’s representative at the General Arab Insurance Federation (GAIF) for four-year term.

Ghazy succeeds Alaa El-Zohairy who decided Sunday to step down from being GAIF’s chief and its Egypt’s representative.

During IFE’s General Assembly, Ghazy – who is also the Managing Director of Misr Life Insurance – has been selected for the GAIF post, where 14 insurance firms out of 25 voted in his favour, sources with knowledge of the matter told Amwal Al Ghad.

Meanwhile, Ahmed Arfeen – Managing Director of the Egyptian Takaful Insurance Company – obtained 3 votes less than Ghazy’s.

The sources further noted that IFE would hold talks with GAIF’s board, aiming to elect Ghazy for GAIF’s presidency.