Abu Dhabi National Insurance Company (ADNIC) has appointed Jugal Madaan as its Acting Chief Executive Officer, following the resignation of Charalampos Mylonas on June 4, 2026.
The appointment marks a leadership transition at one of the UAE’s largest multi-line insurers and comes as the company seeks to maintain momentum on its growth, diversification and regional expansion agenda.
ADNIC said Madaan’s selection was the result of a structured leadership succession plan designed to ensure business continuity and the continued execution of the company’s long-term strategy.
Madaan has been with ADNIC since 2007 and most recently served as Chief Underwriting & Strategic Accounts Officer. During his tenure, he has played a significant role in strengthening the company’s underwriting discipline, expanding strategic accounts and supporting commercial growth initiatives.
Before assuming his latest position, he led ADNIC’s domestic and international commercial lines business and previously served as Chief Underwriting Officer for the company’s property and energy portfolio.
His appointment signals ADNIC’s preference for promoting leadership talent from within as it navigates an evolving insurance landscape.
Commenting on the leadership transition, ADNIC Chairman H.E. Sheikh Mohamed Bin Saif Al-Nahyan said the move would support the continued execution of the insurer’s strategic priorities while reinforcing its commitment to delivering sustainable value to stakeholders.
“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,” he said.
“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.”
The company said it remains focused on advancing its long-term strategy, which includes revenue diversification, disciplined underwriting and operational efficiency.
ADNIC has expanded beyond its core UAE market in recent years and continues to strengthen its presence in key regional markets while investing in capabilities that support changing customer and business needs.
According to the company, its next phase of growth will focus on enhancing operational capabilities, embracing innovation and capitalising on emerging opportunities across the insurance sector.
The insurer said it remains committed to building on its reputation as a trusted insurance provider while maintaining a customer-centric approach and fostering long-term partnerships across the region.