Salama Appoints New CEO to Lead Insurer
Portfolio - People | Mar 24, 2025 | Zawya
Dubai-listed Islamic insurer Salama has appointed Mohamed Ali Boubane as its new CEO, replacing Walter Jopp who resigned last year. Boubane's appointment is subject to approval by the Central Bank. He joins Salama from his previous role at New York-based insurance giant AIG. This leadership transition comes as Salama continues to navigate the complexities of the Islamic insurance market and seeks to reinforce its strategic direction under new leadership.
Sectors
- Insurance
- Islamic Finance
Geography
- United Arab Emirates – Salama is listed in Dubai, making the UAE its primary geographical market and regulatory environment.
- United States – Mohamed Ali Boubane, the new CEO, was formerly with AIG based in New York, connecting the company's leadership to the US market.
Industry
- Insurance – The industry involves companies providing products and services designed to manage risk. Salama operates in the insurance sector, specifically focusing on Islamic insurance.
- Islamic Finance – This encompasses financial institutions and services adhering to Islamic law (Sharia). Salama provides Islamic insurance products as part of this sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Salama | Insurer | Company | A Dubai-listed Islamic insurance company providing Sharia-compliant insurance products. |
| Walter Jopp | Former CEO | Person | The former CEO of Salama who resigned last year. |
| Mohamed Ali Boubane | New CEO | Person | Recently appointed CEO of Salama, formerly with AIG. |
| AIG | Former Employer of New CEO | Company | A New York-based insurer where Mohamed Ali Boubane previously worked. |
| Central Bank | Regulatory Authority | Government | The regulatory authority whose approval is required for the CEO appointment at Salama. |