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Alia Helmy, the general manager of ACE Insurance, has submitted its resignation last week, an official source said.
Helmy resigned as she is going to hold the managing director position at Delta Insurance Company, following Yassin El-Hamzawy who passed away last July.
Sources added that Mohamed Dashish, former chairman of Nile Family Insurance Company, was earlier nominated to hold such position.
The board of directors of Delta Insurance Company had earlier chosen its chairman El-Sayed El-Gohary to act as a temporary managing director for financial and administrative affairs until selecting a manager of the property sector and a managing director.