Whilst the Lebanese insurance sector is quietly perched on the edge of new opportunities, such as insuring a yet-to-be-established oil industry, it currently faces a severe destabilization risk. The lack of a commissioner has disrupted the key and evolving process of supervision, and there may be concerns over who will fill the position and how. Insurance industry luminaries are reluctant to go on record to comment on the situation, but word from some of the brightest companies is that they are concerned about a vacuum in the leadership of the Insurance Control Commission after the contract of ICC head Walid Genadry was not renewed earlier this year. The ICC commissioner of 13 years left office in May without anyone appointed to replace him at time of writing. Sitting down with Executive for a review of the challenges and achievements during his time in office, Genadry declined to discuss the relationship
