KUALA LUMPUR (Dec 30): Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) has appointed former Takaful Ikhlas Family Bhd President and CEO Nor Azman Zainal as its new Group CEO, effective Jan 1, 2022.

In a Bursa Malaysia filing on Thursday (Dec 30), the group said Nor Azman, 49, will be replacing Datuk Seri Mohamed Hassan Md Kamil who is retiring.

“On behalf of the board of directors, Shariah advisory body, and the staff of Takaful Malaysia, I would like to thank Datuk Seri Mohamed Hassan Md Kamil for his leadership and significant contributions to the group. We have made substantial progress and accomplished great milestones under his stewardship, which has led to our strong financial results and exceptional growth over the years,” said Takaful Malaysia Chairman Datuk Mohammed Hussein in a separate statement.

According to the group, Nor Azman’s past work experience includes being Prudential BSN Takaful Bhd CEO. He started his career as an actuarial associate in ING Insurance.

Nor Azman holds a Bachelor’s degree in Actuarial Science from City University of London and Diploma in Actuarial Science from Institut Teknologi Mara.

"The appointment of Nor Azman marks an exciting journey for Takaful Malaysia as we deep dive into a transformational change, and the board is looking forward to working with him to seize market opportunities and grow our business exponentially in the years ahead.

“His invaluable insights and innovative perspective will add immense value to the team and support us to concentrate on executing our strategy, continuing laser-focused on serving our customers and business partners, and delivering sustainable returns to our shareholders,” added Mohammed Hussein.

Shares in Syarikat Takaful ended two sen or 0.55% lower to RM3.62, valuing the takaful operator at RM3.02 billion.