The new CEO shall bring new business insights and add value to Insurance House’s success and achievements. Mohammed Abdulla Alqubaisi, Chairman of Insurance House, said: “We are pleased to welcome Ahmad Idris to our family as Chief Executive Officer of Insurance House. With determination to accelerate business growth and mark additional success and achievements to Insurance House, Idris’s strategic management skills and extensive experience in the Insurance industry will surely be essential as he takes up the challenge of leading Insurance House to another level”. The newly appointed CEO, Ahamad Idris, Said: “Insurance House has achieved many remarkable milestones in a short period of time.
Further Progress on Housing Finance
This would be along the lines of a proposal by Harvard professors David S. Scharfstein and Adi Sunderam (though they would have the government offer insurance on a modest share of mortgages even in normal times, to maintain the capacity to scale up when needed). This implies that the proposed new housing system would not be resilient to future crises; the Corker-Warner approach explicitly takes into account the inevitability of future financial market convulsions. A further challenge for the House approach to housing finance reform is to avoid inadvertently recreating the implicit guarantee of the previous system, under which policy makers provided a retroactive guarantee when the crisis hit.