Our subsidiaries

La Prudence Life Insurance

La Prudence Life Insurance is one of Mauritius’s leading providers of life insurance, pension and advice solutions. We have been helping Mauritians grow and protect their wealth for over 60 years, through Mauritius Union Assurances Co Ltd and La Prudence (Mauricienne) Assurances Ltée.

La Prudence Life Insurance offers a comprehensive range of life insurance and pension products available through our life insurance advisers or direct to customers; making it easier for you to find the solution that best suits your needs.

At La Prudence Life Insurance , we value and appreciate our customers, our staff and the communities we operate in. We are committed to acting with the highest standards and to meeting our corporate responsibilities. We also encourage and support staff involvement in volunteering and charitable activities supporting the wider community.

At La Prudence Life Insurance , we work hard to safeguard your investments and help you plan for the future – protecting what matters most to you and your family. We also regularly review and conduct research to ensure we are attuned to changing customer and market needs. We adopt a policy of proximity to our customers. You can meet us at our main office in Le Caudan, in our branches and our agents can also gladly meet you at your convenience.


Board of Directors

Mr. Dominique GALEA

Chairman - appointed in 2010

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Mr Dominique Galea, born in 1952, holds a “Hautes Etudes Commerciales” (HE C) degree. He started his career in the textile industry in the early 1980s by setting up an agency business, ...

Mr Dominique Galea, born in 1952, holds a “Hautes Etudes Commerciales” (HE C) degree. He started his career in the textile industry in the early 1980s by setting up an agency business, Kasa Textile & Co Ltd.He has since diversified his activities by acquiring a majority interest in Ducray Lenoir Ltd in 1988, and in Rey & Lenferna Ltd in 1998. Mr Galea subsequently took over Forges Tardieu Ltd in early 2005.

He was appointed to the Board of The Mauritius Union Assurance Cy. Ltd in June 2010 and was elected Chairman. Mr Galea is a member of its Corporate Governance, Nomination and Remuneration Committee. He is also the Chairman of La Prudence (Mauricienne) Assurances Ltée, of United Docks Ltd, of Rey & Lenferna Ltd and of Forges Tardieu Ltd, and a director of Associated Brokers Ltd and Ascencia Ltd.

Additionally, Mr Galea is the chairman of Phoenix of East Africa Assurance Company Limited, and is a director of its three subsidiaries.

Directorship of listed companies: Ascensia Ltd, United Docks Ltd, Forges Tardieu Ltd.

Mr. Vincent AH CHUEN

Director- appointed in 1992

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Mr Vincent Ah Chuen, born in 1944, is the Managing Director of ABC Group of Companies. He was appointed to the Board of The Mauritius Union Assurance Cy. Ltd in 1992 and is a member of its ...

Mr Vincent Ah Chuen, born in 1944, is the Managing Director of ABC Group of Companies. He was appointed to the Board of The Mauritius Union Assurance Cy. Ltd in 1992 and is a member of its Corporate Governance, Nomination and Remuneration Committee.

He is the Chairman of Associated Brokers Ltd and a Director of La Prudence (Mauricienne) Assurances Ltée. Mr Ah Chuen is also a Director of Les Moulins de La Concorde Ltée, of POLICY Ltd, of ABC Motors Co. Ltd, of New Goodwill Investment Ltd and Council Member of Sir J. Moilin Ah-Chuen Foundation. He is also a director of Phoenix Transafrica Holdings Ltd, of Phoenix of East Africa Assurance Co Ltd and two of its subsidiaries.

Directorship of listed companies: POLICY Ltd, Les Moulins de La Concorde Ltée, ABC Motors Co Ltd.

 

Mr. Alfred BOUCKAERT

Director - appointed in 2013

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Mr. Bouckaert born in 1946 holds a bachelor degree from the University of Louvain, Belgium. He started his career at Arthur Andersen and joined the Chase Manhattan Bank in 1972 where he held ...

Mr. Bouckaert born in 1946 holds a bachelor degree from the University of Louvain, Belgium. He started his career at Arthur Andersen and joined the Chase Manhattan Bank in 1972 where he held various positions as manager commercial banking Belgium, General Manager Chase Denmark, and General Manager Chase Belgium.

In 1989 the Chase Manhattan sold most of its European operation to Credit Lyonnais where Mr. Bouckaert became CEO Belgium. He became in 1993 General Manager of the international operations of Credit Lyonnais and was in charge of the divestiture of 21 banks of the group.

Subsequently he joined AXA in 1999 where he was appointed General Manager of their Belgian acquisition “Royale Belge” (largest p/c cy in Belgium) later rebranded Axa Belgium. In 2004 his responsibilities were extended to the northern region of AXA which comprises Belgium, Germany, Switzerland (with the acquisition of Winterthur), the central European countries, Ukraine and Russia.

Mr Bouckaert became a member of the directoire of AXA in 2006. He retired from Axa in 2010 and was later asked by the Belgian government to preside over the Belgian arm of Dexia which had collapsed in 2011. He left that responsibility in 2013 and now holds positions in several boards of non-quoted and quoted companies.

Mr. Bertrand CASTERES

Chief Executive Officer - appointed in 2013

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Bertrand Casteres, born in 1978, holds a Master’s degree in applied mathematics, actuarial science and finance and an Executive MBA from HEC (Paris). Mr Casteres has worked for major ...

Bertrand Casteres, born in 1978, holds a Master’s degree in applied mathematics, actuarial science and finance and an Executive MBA from HEC (Paris).

Mr Casteres has worked for major insurance companies in Europe. Before joining the Mauritius Union Group in January 2012 as head of internal audit, he worked in the internal audit department of Aviva Europe as audit senior manager in the financial management and actuarial audit department, conducting internal audit reviews in actuarial processes across Aviva’s European subsidiaries. He was also involved in the implementation of Solvency II EU Directive within the Aviva Group.

Mr Casteres was appointed CEO Designate of the Mauritius Union Assurance Cy Ltd on 1 January 2013 and CEO in January 2015.

Mr. Bruno de FROBERVILLE

Director - appointed in 2010

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Mr Bruno de Froberville, born in 1962, is currently the General Manager and owner of Square Lines Ltd, a property development company. He has extensive knowledge of the building sector. From 2005 ...

Mr Bruno de Froberville, born in 1962, is currently the General Manager and owner of Square Lines Ltd, a property development company. He has extensive knowledge of the building sector. From 2005 to 2008 he worked with La Prudence (Mauricienne) Assurances Ltee for property development.

He was the general manager and owner of B.E.A.M. Ltd (a residential and industrial buildings company) between July 1994 and December 2004, and the manager of Building Art Ltd from July 1988 to June 1994. He was also  the marketing manager of Loom Art Ltd, a manufacturer of hand-made carpets.

He was appointed to the Board of The Mauritius Union Assurance Cy. Ltd in August 2010.
Mr de Froberville holds an MBA from the University of Birmingham, a Bachelor in Science and a Major in Marketing from Louisiana State University.

Directorship of listed companies: Mauritius Freeport Development Co Ltd.

Mr. Naresh GOKULSING

Managing Director, La Prudence Life Insurance

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Mr Gokulsing, born in 1970, holds a BA in accounting and finance from the University of Leeds and an MBA from Warwick Business School. He is also a Fellow Member of the Association of ...

Mr Gokulsing, born in 1970, holds a BA in accounting and finance from the University of Leeds and an MBA from Warwick Business School. He is also a Fellow Member of the Association of Chartered Certified Accountants (FCCA). He started his career in the audit and advisory services division of PwC in 1993. In 1997, he joined Cim Stockbrokers as Head of Research and was General Manager from 2000 to 2002.

Mr Gokulsing moved within the Cim group as Head of Finance of Cim Insurance from 2002 to 2007 and as Chief Operations Officer and executive director of Cim Insurance and Cim Life from 2009 to 2011. He also spent one year as Managing Director of Cim Property Fund Management in 2008 to launch Ascencia Ltd.

He joined Mauritius Union in 2012. Mr Gokulsing served as Director of the Stock Exchange of Mauritius Ltd from 2000 to 2002. He was appointed as Managing Director of La Prudence Life Insurance effective January 2015. He is currently a director of the National Mutual Fund Ltd.

 

Mr. Axel ROUSSETY

Director - appointed in 2010

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Axel Roussety, born in 1944, has been the Marketing Manager of The Mauritius Union Assurance Cy Ltd from June 1992 to December 2005, when he retired.  He was a director of The Mauritius Union ...

Axel Roussety, born in 1944, has been the Marketing Manager of The Mauritius Union Assurance Cy Ltd from June 1992 to December 2005, when he retired.  He was a director of The Mauritius Union Assurance Cy Ltd from August 2008 to June 2010. 

He is currently the director of Four Sights Financial Planning Co Ltd, a family-owned insurance agency working exclusively with the Mauritius Union Group, and a board member of La Prudence (Mauricienne) Assurances Ltée since May 2010.  
 

Mr. Mushtaq N. Oosman

Director - Appointed in 2016

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Mr. Oosman was a Partner in PwC Mauritius since 01 July 1991. He was primarily an Assurance Partner, also responsible for Business Recovery Services as well as the Chief Operating Partner for ...

Mr. Oosman was a Partner in PwC Mauritius since 01 July 1991. He was primarily an Assurance Partner, also responsible for Business Recovery Services as well as the Chief Operating Partner for Mauritius.

He has served on the Africa Central Governance Board and is well versed with the working and responsibilities of a Governance Board.

He has  over 25 years professional experience in audit and financial advice, with a diversified portfolio of clients in sectors such as banking, insurance, manufacturing, sugar companies, the hospitality industry, betting operator, textiles and trading.

He retired from PwC in November 2015.

Mr. Oosman trained and qualified as a Chartered Accountant with Sinclairs in the UK . He  joined Roger de Chazal & Partners (founders of Price Waterhouse in 1988 in Mauritius) and have been with PwC since then.

He is a fellow of the Institute of Chartered Accountants in England and Wales.

 

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