Cypriot biggest life insurer appointed new CEO

At the beginning of June, UNIVERSAL Life - the Cypriot largest life insurer announced that its Board of Directors has decided to appoint Evan GAVAS as the new CEO - Chief Executive Officer of the Company.

The appointment is subject to the Authorities' approval.

Evan GAVAS, who is officially assuming his role on July 1st, began his professional career in 1998 when he created his own business in South Africa. In 2001 he joined Nedbank in South Africa and worked closely with the upper management in order to develop the private banking division. After completing his MBA at Harvard he joined AT Kearney in London as a strategy consultant. In 2007 he was recruited by Barclays Bank as Chief of Staff in their Corporate Banking Division and went on to several senior management roles across the bank, including Strategy Director for the Corporate Bank in Europe, Country Director of Barclays Cyprus and Head of Offshore & Local Markets. In 2015 he returned to Cyprus and started Coveline Ltd providing consultancy services to local and international clients, whilst serving on the Board of Directors of Ancoria Bank in Cyprus and Safecharge in London.

The Chairman of the Board, Photos PHOTIADES stated that "the selection process was a difficult one as we had to choose from a long list of very high caliber candidates. We are convinced that Evan's long professional expertise and his very successful career in the local and international financial services sector, combined with his personality, make him an ideal person to lead the Company into the future and further its development and success."

"It's a great honor to have the opportunity to take the helm of the country's most historical insurance company and I am thrilled with the prospect of contributing to the Company's successful track record. I commit myself to working hard and collaborating closely both with the Board of Directors and the Company's personnel, so that we turn challenges into opportunities and lead the Company to an even higher level in the future", said Evan GAVAS.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

ON THE MOVE

Bulgaria: Boiko ATANASSOV appointed as FSC's head

The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.

21.03.2019

TOP EVENT

Climate and cyber: two Cs with catastrophic potential and the insurance business - under debate in Vienna, on April 9

10 years after its inception, the Romanian mandatory dwelling insurance system has progressed and PAID, the pool underwriting and managing the mandatory policies is a strong and financially sound institution. "We are currently managing a reinsurance program worth EUR 920 million, with a pool of excellent reinsurers, more than half of them rated AA+, while the company's solvency rate is of 220%," recently stated Nicoleta RADU, CEO, PAID.

21.03.2019

Conclusions: TBILISI - the first Georgian International Insurance Conference

The first Georgian International Insurance Conference took place on 14 March 2019. The event put under scrutiny the current status and the future development perspectives of the local market, in an attempt of identifying the main growth opportunities. The forthcoming launch of the mandatory MTPL system was the most important topic on the agenda, as this new line of business has the potential to provide for a significant growth, but also to become a market disruptor.

14.03.2019

See all