Morocco’s Bachir Baddou has been re-elected as a member of the executive committee of the Global Federation of Insurance Association (GFIA).
Baddou, who has also been the director general of the Moroccan Federation of Insurance and Reinsurance Companies (FMSAR) since 2010, was re-elected at GFIA’s general meeting in Luxembourg on November 8.
The two-year term will be Baddou’s second representing Africa and the Middle East within the executive committee of GFIA. In addition to Baddou, the committee has four representatives: Don Forgeon from Canada, Michaela Koller from Insurance Europe (representing all European federations), Toyonari Sasaki from Japan, and Tim Grafton from New Zealand.
The Mexican market representative, Recaredo Arias, will now chair the executive committee.
Baddou is the director of the Transport Insurance Company (CAT) and former president of the African Insurance Organization (OAA). He was both the first and only African and Arab representative to join GFIA’s executive committee in November 2016.
Baddou’s re-election is a national and regional achievement, which demonstrates Baddou’s effective work with GFIA.
Established in October 9, 2012, the GFIA represents national and regional insurance associations with various organizations, such as national governments and international regulators.
GFIA currently has associations and federations from 61 member countries, representing 87 percent of the annual insurance premiums issued worldwide.
Baddou has several responsibilities in the insurance sector. He is also director general of the Maritime Committee of Moroccan Insurers, general manager of the Central Moroccan Insurance Bureau (“Green Card” system), and vice-president of the National Committee for the Prevention of Traffic Accidents.
Baddou holds a master’s degree in economics from Grenoble University Pierre Mendes in France and an MBA from the University of Sherbrooke in Canada. For over 12 years, he worked as chief executive officer for the insurance company La Marocaine-Vie.