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Doha – AXA Assurance Maroc has announced the appointment of Gilles Fromageot as Chief Executive Officer of AXA Morocco and AXA CIMA regions, encompassing operations in Cameroon, Côte d’Ivoire, Gabon, and Senegal.
The appointment, subject to regulatory approvals, will take effect on February 24.
Fromageot, who brings 25 years of insurance industry experience, currently serves as AXA XL’s Regional Manager for Asia, where he oversees the company’s growth strategy and market expansion.
Throughout his career, he has held various senior positions within the French AXA Group across multiple regions, including Spain, France, South Korea, and Singapore.
The incoming CEO will succeed Meryem Chami, who is departing the company for personal reasons.
Chami joined AXA in 2020 as CEO of its Morocco branch and AXA CIMA entities, later assuming the role of CEO for AXA Africa in 2023.
Under her five-year tenure, the company experienced significant transformation and development across its African operations.
AXA emphasized that this nomination demonstrates its commitment to reinforcing its client protection strategy and development across French-speaking Africa.
Fromageot holds an Executive MBA from IE Business School in Madrid.
This leadership change follows other significant corporate developments at AXA Morocco in recent years.
As of 2020, AXA Assurance Maroc held a 10.76% market share, positioning it as Morocco’s sixth-largest insurance provider.
In 2022, the company underwent a major ownership restructuring when AXA Partners sold its 80% stake to Expanso, a holding company owned by businessman Mehdi Tazi.
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