The board of directors of Chubb Arabia Cooperative Insurance Co. has accepted the resignation of chief executive officer Vijay Raghavan Velayudhan, effective May 31, the insurer said in a statement to Tadawul Thursday.

 

Velayudhan joined the company 20 years ago and has served as CEO since 2012.

 

A new CEO will be named after obtaining regulatory approvals, the statement added.

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