• May Daphné Ngallé-Miano named CEO of Chanas Assurances for 3 years
• Tasked with company recovery amid ongoing restructuring and competitive pressure
• Chanas now third in Cameroon’s non-life insurance, down from top spot

Chanas Assurances S.A., a subsidiary of Cameroon’s national hydrocarbon corporation (SNH), has appointed May Daphné Ngallé-Miano as its new Chief Executive Officer for a three-year term.

The board of directors announced the decision following an extraordinary session held in Douala on Friday, November 7, 2025. Ngallé-Miano succeeds Bibiane Francine Mbia, who had been serving as interim CEO since August 2025 after the abrupt departure of Henri Théodore Bayouak, dismissed just eleven months into his tenure.

Ngallé-Miano takes the helm of an insurer currently undergoing a major restructuring. The company was rescued in 2020 by its parent company, SNH, which injected 2.3 billion FCFA, bringing Chanas Assurances’ share capital to 6 billion FCFA. The new CEO is tasked with securing the company’s long-term recovery and ensuring the sustainability of the turnaround plan already underway.

According to the board, the appointment reflects its intent to place the company in the hands of an experienced leader capable of consolidating the recovery and strengthening both commercial and financial performance. “Her financial expertise and strategic vision will be key assets in supporting the sustainable growth of our company and reinforcing the confidence of our partners,” the company said in a statement.

Ngallé-Miano brings over two decades of solid experience in the banking sector, having previously held positions at Banque Atlantique, Bange Bank, and Ecobank. A graduate of HEC Paris with a degree in corporate strategy, her main goal will be to strengthen corporate governance and accelerate the company’s transformation. This mission is particularly critical as Chanas Assurances operates in an increasingly competitive market and faces rapidly evolving regulatory requirements. The ultimate objective is to restore the company’s leadership position in Cameroon’s non-life insurance segment.

Chanas Assurances has been losing market share since 2013, largely due to internal governance disputes. According to data from the Association of Insurance Companies of Cameroon (ASAC), the company currently ranks third nationally, with a 10.9% market share, behind AXA (12.4%) and SAAR (11.5%).

Sandrine Gaingne