Dubai, UAE: Zurich International Life (Zurich), part of Zurich Insurance Group, has announced the appointment of Mufazzal Kajiji (Mufi) as Chief Executive Officer for its life insurance business in the Middle East, effective 1 June 2022.
Mufi joins Zurich from Mashreq Bank where he was the Head of Wealth Management and Mashreq Gold. A senior financial services professional with over 20 years of multi-functional experience across local and international financial organisations in India and the Middle East, Mufi brings to the role significant expertise within bancassurance, wealth management, digital transformation, business and distribution strategy, risk management, marketing and Islamic banking.
Speaking on the appointment, Wendy Liu, Chief Executive Officer, Zurich Integrated Benefits Solutions said, “We are delighted to have Mufi on board. His strong business management and distribution experience, proven track record in digital transformation and deep understanding of the regional market will ensure that we grow from strength to strength in our delivery of market-leading and customer-focused innovations.”
Mufi will replace Reena Vivek, the interim CEO for the Middle East who had earlier announced that she would be leaving Zurich after a successful career spanning nearly 10 years, as part of her decision to step away from a full-time corporate role.
“We would also like to sincerely thank Reena Vivek for all her support and contribution to this business, and wish her all the best for her future,” Liu added.
Speaking on his appointment, Mufi said, “I am delighted to join a strong and growing business. Zurich Middle East has talented people, well-established relationships with partners and is a trusted brand with customers. I look forward to building on the strong foundation and expanding the business to meet the needs of our customers.”
Zurich has built a robust business in the Middle East region over the past 30 years, with solutions spanning life insurance, savings, and employee benefits. Mufazzal Kajiji’s appointment reinforces Zurich’s commitment to the Middle East and the continued focus on strengthening its position in the region.
About Zurich Insurance Group
Zurich Insurance Group (Zurich) is a leading multi-line insurer serving more than 55 million customers – both people and businesses – in more than 210 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.
Reflecting its purpose to ‘create a brighter future together’, Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and is one of the world’s most sustainable insurers, as shown by the S&P Global Corporate Sustainability Assessment. The Group has about 56,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX.
About Zurich International Life Limited
Zurich International Life Limited is a part of Zurich Insurance Group and established in the Isle of Man, which is licensed by the Isle of Man Financial Services Authority with established and registered branches in the UAE licensed by the Central Bank of the UAE, Bahrain licensed by the Central Bank of Bahrain and the Qatar Financial Centre authorised by the Qatar Financial Centre Regulatory Authority. In the UAE, it is registered (Registration No. 63) under UAE Federal Law Number 6 of 2007, and its activities in the UAE are governed by such law.