Mubasher: Liva Group, a leading insurance group operating across the GCC, has appointed Michael Thomssen as Group Chief Financial & Investment Officer, according to a press release.
Thomssen will be responsible for delivering strong financial results while supporting disciplined capital and balance sheet management.
The new official will also work on strengthening investment outcomes and creating long-term value for Liva Group, which serves roughly 2 million customers across Oman, the UAE, Saudi Arabia, Kuwait, and Bahrain.
Thomssen brings more than 15 years of senior leadership experience across CFO, CRO and CIO roles in international insurance across entities like Manulife, Allianz and Zurich.
He managed large scale balance sheets, led finance and investment mandates and driven complex transformation and regulatory program, including IFRS 17 implementation and strategic investment initiatives that strengthened capital efficiency and solvency.
CEO of Liva Group, David Healy, said: “Michael brings exceptional depth across finance, investment and risk leadership, with a track record built at some of the world’s leading international insurers.”
Healy added: “His appointment strengthens our executive team at an important stage of Liva’s growth, and I am confident he will make a meaningful contribution to the business.”
This appointment, meanwhile, reinforces Liva Group’s strategic direction and strengthens the executive team at an important stage of its development.
Liva Group is dedicated to empowering individuals, businesses, and communities through comprehensive, tailored insurance solutions through a team of more than 1,200 professionals.
It further continues to expand its regional presence and strengthen its long-term growth strategy, reflecting its commitment to protecting what matters most.
