7th Secretary General
1st January 2022
Mo’men Mukhtar, the 7th Secretary General at FAIR, is a seasoned insurance professional with 35 years of practical experience in insurance and reinsurance holding different positions in Egypt and Saudi Arabia.
In 1986, Mr. Mukhtar set first foot in the insurance industry when he joined Misr Insurance Company, Egypt spending three years in the Aviation department, before he moved to Mohandes Insurance Company, Egypt for a short period.
Later in 1989, he was offered a job at the largest composite insurance company in Saudi Arabia, Tawuniya Insurance Company (formerly known as NCCI) and in 1998 was entrusted the position of Reinsurance Manager.
In January 2011 Mo’men was promoted to the position of General Manager Property & Casualty ‘P&C’ (one of the three Strategic Business Units within Tawuniya), taking charge of the overall operations of P&C including underwriting, claims, reinsurance and risk management.
In 2013 Momen was entrusted to create an internal Actuarial Function unit within Tawuniya and to take charge of this new unit in addition to his responsibility over the company-wide reinsurance operations.
In May 2015 Mr. Mukhtar made a shift from direct insurance to reinsurance when he joined Saudi Reinsurance Company, Saudi Arabia as Chief Underwriting Officer. He was responsible for a book of business written across 35+ countries in Africa and Asia for all lines of business (Life and Non-Life). In addition, he was responsible to oversee the Retrocession operations as well as the Actuarial Pricing Unit.
In May 2019, Mr. Mukhtar relocated back home to become the Chairman & Managing Director of Misr Insurance Company, Egypt and successfully served his position until October 2020 when he decided to step down.
In 2021 Mr. Mukhtar was appointed at Mohandes Insurance Company, Egypt as an independent member of the Board of Directors and is member of the Risk Committee and head the Audit Committee.