Aon has appointed Hassan Elamin (pictured, left) and Moustafa Jarrah (pictured, right) to senior leadership roles within its reinsurance business. The appointments cover the Middle East, North Africa, Turkey and Africa, where insurers face changing market conditions and risk exposures.
Elamin has been named managing director for facultative reinsurance covering the Middle East, Africa and Turkey. Jarrah has taken on the role of managing director for treaty reinsurance across the Middle East and North Africa.
The appointments place two internal executives in charge of business lines that remain central to insurers’ capital management and risk transfer strategies.
Elamin will oversee facultative reinsurance activities across the region. He joined Aon more than 13 years ago and has held several positions within the company’s facultative business. Earlier in his career, he worked at Lockton and Marsh.
Jarrah joined Aon in 2018 and has more than 15 years of insurance industry experience. Before joining the broker, he held roles at Fenchurch Faris and Chedid Capital.
The appointments come as insurers seek greater flexibility in how they structure reinsurance programmes. Recent analysis from Aon found that reinsurance buyers are operating in a market supported by strong capacity and competition among reinsurers.
The broker said some insurers are making greater use of facultative placements and structured risk transfer solutions. Others continue to supplement traditional treaty arrangements with customised cover for specific risks.
The leadership changes also coincide with growing challenges across the Middle East and North Africa reinsurance market.
AM Best recently said reinsurers in the region continue to face inflationary pressures, catastrophe exposures and changing risk profiles. The ratings agency said market expansion is continuing despite those pressures. That trend has increased demand for underwriting, capital management and risk transfer expertise.
These conditions have placed greater focus on how insurers structure treaty and facultative programmes. Insurers are seeking to manage earnings volatility while protecting balance sheets.
Industry participants have also reported increased scrutiny of reinsurance arrangements amid geopolitical uncertainty across parts of the Middle East. Market observers said insurers are reassessing treaty structures, aggregation exposures and capital allocation strategies.
The review process has prompted closer engagement between insurers, brokers and reinsurance markets. Discussions have focused on programme design, coverage needs and portfolio resilience.
Amr Sartawi, chief executive officer of Aon’s reinsurance business in the region, said the appointments reflected the company’s continued investment in regional operations.
“The appointments of Hassan and Elamin reflect Aon’s continued investment in the region and our commitment to delivering differentiated reinsurance solutions and insights for clients,” Sartawi said.
The appointments strengthen Aon’s leadership team across facultative and treaty reinsurance operations. The moves come as insurers reassess risk transfer strategies in response to market, catastrophe and geopolitical pressures.
