Hussain Luwaiz, with a tenure exceeding 21 years at Allied Insurance, has been named the company’s new managing director.
The announcement was made on Sunday. Luwaiz, who joined Allied in 2002, progressed through the ranks, previously serving as the manager of Allied’s Claims Section.
His educational background includes studies at New Zealand’s Institute of Insurance and Finance and Malaysia’s Insurance Institute. Luwaiz replaces the former managing director, Mohamed Shafaz.
Allied Insurance is one of the largest financial institutions and a prominent insurance brand, significantly contributing to the country’s growth and development. The company has grown substantially over the past decades, encompassing volume and business profitability.