Union Insurance Company has named Mr. Ramez Zaid as CEO to spearhead the company's strategic expansion. Mr. Zaid, an experienced insurance industry veteran, became part of Union Insurance in July 2023 as a board member and later assumed the role of acting CEO on December 1, 2023. With more than thirty years of experience in the insurance sector, Mr. Zaid brings a wealth of expertise to his new position.
He said, "Together with the company's qualified and dynamic team, I am confident of delivering on our strategic objectives and capitalizing on new opportunities. I look forward to achieving significant milestones in the company's growth journey".
An advocate for advancing digitalization, enhancing customer experiences, and broadening the scope of insurance operations, Mr. Zaid has held leadership positions at various insurance firms prior to joining Union Insurance. With a tenure of over 25 years at Dubai National Insurance and Reinsurance Company, he has actively contributed to the industry. Additionally, he served as a board member of the Emirates Insurance Association, participated in the High Technical Committee, and chaired both the Motor and Legal Committees.
Mr. Ramez has garnered recognition for his significant contributions to the insurance sector, receiving numerous accolades. He was honored as one of the Top 10 CEOs in the Gulf and MENA region for both 2018 and 2019. Additionally, he received an award from the Insurance Authority in 2020 for his personal achievements in advancing the insurance industry. Furthermore, he was acknowledged by the Dubai Chamber of Commerce for his involvement in shaping the UAE's new insurance law.
Possessing a bachelor's degree in law, Mr. Ramez is a registered authorized arbitrator at the Sharjah International Commercial Arbitration Centre. Founded in 1998 and publicly listed on the Abu Dhabi Securities Exchange, Union Insurance boasts a paid-up capital exceeding AED330m ($90m). The company offers an extensive array of individual and commercial insurance solutions and caters to clients across the UAE and the broader Middle East region.