ADNIC announces appointing new Acting Chief Executive Officer
08 Jun 2026
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, today announces the appointment of Mr. Jugal Madaan as Acting CEO. He will succeed Mr. Charalampos Mylonas, who resigned on Thursday, 4th June 2026. The selection of Mr. Jugal Madaan from within ADNIC is the outcome of a carefully designed leadership succession plan, ensuring continuity and long-term strategic execution.
Mr. Jugal Madaan joined ADNIC in 2007 and most recently served as Chief Underwriting & Strategic Accounts Officer, playing a key role in driving the company’s strategic expansion, underwriting discipline and commercial growth. He was previously responsible for ADNIC's domestic and international Commercial Lines division, and prior to that served as Chief Underwriting Officer for the property and energy business.
H.E Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: “The leadership transition will ensure continuity in the execution of ADNIC’s strategic priorities and growth agenda, while reinforcing its commitment to creating sustainable value for all stakeholders and supporting national development priorities. As the UAE’s leading national insurer, ADNIC continues to evolve alongside the nation, reinforcing its capabilities and maintaining the agility required to support customers in a rapidly changing environment, guided by the vision and aspirations of the UAE’s wise leadership. ADNIC will continue to advance its growth strategy, building on its strong performance in the UAE and its strategic expansion into key markets. The company remains focused on executing its long-term strategy of revenue diversification, disciplined underwriting and operational efficiency. ADNIC will continue building on its legacy as the UAE’s insurer of choice, defined by reliability, customer focus and long-term partnerships.”
As ADNIC enters its next phase of growth, it looks ahead with confidence, focused on strengthening its capabilities, embracing innovation and adapting to the evolving needs of its customers and markets. Guided by a clear strategic vision, ADNIC is well positioned to build on its achievements and capitalize on future opportunities.
