In a move aimed at ensuring continuity and strategic stability within Egypt’s insurance industry, Alaa El-Zoheiry, current President of the Insurers Federation of Egypt, has officially announced his candidacy for a new term, heading into the 2025–2029 electoral cycle with a unified list of prominent insurance executives. The election is scheduled to take place on August 18.
El-Zoheiry’s unified electoral list reflects a high level of consensus within the sector and includes Khaled Abdel Sadeq, Managing Director of Mohandes Insurance, as the sole candidate for the position of Vice President of the Federation.
The list also features two leading female figures who have already secured their seats on the Federation’s Board of Directors: Nevine Gamea, Chairperson of Misr Insurance Company, and Abeer Helmy Saleh, Managing Director of Misr Life Takaful Insurance.
Five candidates from property and casualty insurance companies have been included in the list:
– Mohamed Mostafa Abdel Rasoul, Managing Director of Orient Takaful Insurance Egypt
– Mostafa Abou El Azm, Managing Director of the Egyptian Cooperative Insurance Society
– Mohamed Hassan Farghaly, Managing Director of Suez Canal Insurance
– Ahmed Khalifa, Managing Director of Sarwa Insurance
– Hossam Allam, Managing Director of Egyptian Takaful Insurance – P&C
The life insurance segment is represented by four candidates:
– Amr El-Shimy, Managing Director of QNB Life Insurance
– Haitham Taher, Managing Director of MetLife Life Insurance
– Omar Shalabya, Managing Director of AXA Life Insurance – Egypt
– Charles Tawadros, Managing Director of Allianz Life Insurance – Egypt
According to the bylaws of the Insurers Federation of Egypt, the Board of Directors consists of a President, a Vice President, and 11 elected members from among the Federation’s company representatives. The term of service is four years and may be renewed only once consecutively. One of the top two roles—President or Vice President—must come from a company operating in life insurance and savings, while the other must represent property and liability insurance.
The bylaws also mandate the inclusion of at least two women on the board, selected from among chairs, vice chairs, or managing directors. If fewer than two female candidates run or are elected, the remaining seat(s) are added to the general pool of nine board seats, allocated to the highest-voted candidates, regardless of gender, while ensuring fair representation among companies practicing different types of insurance or reinsurance.
El-Zoheiry’s move to form a unified electoral list reflects a strategic desire to preserve organizational coherence and to push forward with the Federation’s development agenda. It comes at a critical time, as the insurance sector continues to evolve amidst regional and global challenges that require steady and experienced leadership.