Mr. Mahomed Akoob

Mr. Mahomed Akoob

Independent Member

Mahomed Akoob brings unique insights in general risk and financial managements as a result of his nearly 20-year-long association with the industry. 

Prior to joining the board of Chedid Capital, Mr. Akoob was the Managing Director of Bahrain-based Hannover Retakaful B.S.C., a position he steered since 2006.  Before this, he was the Group Chief Financial Officer and Executive Director of Hannover Reinsurance Group Africa (PTY), from 2002 to 2006. Mr Akoob served as  the General Manager and Executive Director of Munich Reinsurance Company of Africa Limited between 1976 and 2002, where he assumed responsibility for four  divisions: Non-life South Africa, Non-life International, Finance Investments and Strategy, and Business Development. 

His technical skills encompass strategy-level influence in areas of insurance and reinsurance underwriting, and Takaful and Retakaful. He is an Associate of  Insurance Institute of South Africa and a Fellow of the Institute of Risk Managers of South Africa. Furthermore, he is a director on several boards of insurance and  other companies, including, currently, Hannover Retakaful B.S.C., Bahrain Institute of Banking & Financing (both in Bahrain), Noor Takaful General and Noor Takaful Family (both in the United Arab Emirates). 

Earlier in his journey, Mr. Akoob served the directorships of South African Reserve Bank Captive Insurance Company Limited, Hannover Reinsurance Group Africa (PTY) Limited, Compass Insurance Company Limited, Credit Guarantee Insurance Corporation of Africa, New National Assurance Company Limited, Munich Reinsurance Company of Africa, Munich Mauritius Reinsurance Company, Hannover Reinsurance Company Mauritius, Takaful South Africa, and Bahrain Insurance Association. 

Mr. Akoob has held numerous professional appointments and memberships, including stints at the Editorial Board of Cover Magazine; a specialist magazine for the insurance industry, and as a Ministerial-level advisor.

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