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Shukri Abou Jaoude appointed Deputy General Manager at Chedid Re Lebanon
29th February 2024
Chedid Re's Shukri Abou Jaoude has been appointed to the role of Deputy General Manager at Chedid Re Lebanon, in addition to his current role as Senior Director for the Health, Life, and Travel Treaty Division. Shukri has been with Chedid Re for over five years. He joined the firm in 2019 taking on ... Read the full article
Chedid Re announces two new appointments to Facultative Division
13th February 2024
Reinsurance broker Chedid Re has announced two new appointments within its Facultative Division, Patricia Atallah as Senior Director of the firm’s Property portfolio and Jalal Tabaja as Senior Director of Energy, Marine & Specie. Based in Lebanon, Atallah brings to her new role close to two decades of industry experience. She takes ... Read the full article
Chedid Capital acquires UK-based Trilogy MGA
12th September 2023
Chedid Europe Insurance & Reinsurance Brokerage Limited, a subsidiary of Chedid Capital, has acquired 100% of the share capital of UK-based Trilogy Managing General Agents Limited (Trilogy MGA) from Resolution Underwriting Holdings Limited. According to Chedid, this acquisition is in line with its strategy to grow its business in the United ... Read the full article
Chedid Re Europe sets up regional headquarters in Saudi Arabia
3rd April 2023
Chedid Re Europe, a member of Chedid Capital Holding, has announced it has chosen the Kingdom of Saudi Arabia as headquarters for its regional operations in the Middle Eastern reinsurance market. Elie Abi Rached, Chief Executive Officer of Chedid Re Global Operations, commented, “We are proud to further reinforce our presence ... Read the full article
Mohammed AlSudairy named Deputy CEO of Chedid Re KSA
3rd March 2023
Mohammed AlSudairy has been appointed Deputy CEO of Chedid Re KSA. The move is part of the firm’s strategy to expand its business and operations in the Kingdom of Saudi Arabia. The reinsurance broker started business in the Kingdom in 1998. In view of the important potential of the Saudi market ... Read the full article
Chedid Re launches brokerage services in France
3rd November 2022
Chedid Re has announced that its Paris office has received a license to conduct insurance and reinsurance brokerage activities in France, extending the network of Chedid Re Global Operations. Farid Chedid, Chairman and Group CEO of Chedid Capital, described the launch of Chedid Re in France as a “milestone in the ... Read the full article
Chedid Capital expands with acquisition of UAE online insurance platform
23rd September 2022
Chedid Direct Limited, a company of Chedid Capital, has announced it has become the majority shareholder of MMR Holding Limited, which is based in the Abu Dhabi Global Market and is the owner of the online insurance platform, BuyAnyInsurance. The transaction offers MMR access to a network of brokers in 60+ ... Read the full article
Chedid Re appoints Chandan Thakur to role of associate director
20th September 2022
Chedid Re has appointed Chandan Thakur to the role of associate director in its facultative division - financial lines. The Dubai-based Thakur posted on the social media site to say that the firm had promoted him from deputy manager for financial lines. Thakur is taking up his new role after a ... Read the full article
Chedid Re appoints new CEO
16th September 2022
Chedid Re, a member of Chedid Capital Holding and reinsurance broker, has made a series of appointments to its senior executive leadership positions. Elie Abi Rached has been appointed as Chief Executive Officer of Chedid Re’s global operations whilst retaining his position as CEO - Chedid Re KSA. At the same time, ... Read the full article
Chedid Re appoints Uptal Dutt as Portfolio Manager – C&F lines
23rd August 2022
Facultative reinsurer Chedid Re has announced the appointment of Uptal Dutt as Portfolio Manager - Casualty & Financial lines, based in Dubai. Dutt brings over nine years of experience in the industry. Prior to joining Chedid Re he was a Financial & Casualty underwriter for ICICI Lombard in New Delhi, a ... Read the full article
JBA & Chedid Re announce five-year partnership
22nd June 2022
Flood risk modeller, JBA Risk Management (JBA) has signed a five-year partnership with reinsurance broker, Chedid Re. The partnership will allow the broker to use JBA’s global flood model, which will enable Chedid Re to provide flood risk analytics and catastrophe modelling services to its clients across the Middle East, Africa, ... Read the full article
Chedid Insurance Brokers Egypt receives license to operate in Cairo
21st June 2022
Chedid Capital Holding has announced that its subsidiary, Chedid Insurance Brokers Egypt, received a license to start operations in Cairo. The company stressed the strategic importance of the country to the Group’s insurance broking network, calling Egypt a “strategic bridge”. Farid Chedid, Chairman and CEO of Chedid ... Read the full article
Chedid Capital takes over Ascoma broking operations in Africa
9th September 2020
Chedid Capital, an insurance and financial services provider that operates across the GCC and Middle east North Africa (MENA) regions, has announced that it plans to acquire the African business of international insurance broker, Ascoma Group. The company has come to an agreement with Ascoma’s owner, the Husson family, to transfer ... Read the full article
Chedid Re partners with Hellenic Sun Insurance Brokers in Pakistan
28th August 2020
Lloyd's broker Chedid Re has signed a strategic partnership with Hellenic Sun Insurance Brokers (HSB) that sees it become HSB's new co-broking partners in Pakistan. The partnership is considered an opportunity for Chedid Re to expand into the region, and will see the company provide insurance and reinsurance support and expertise ... Read the full article
Chedid Re appoints Lazhar Charfeddine to general manager role
4th November 2019
Facultative reinsurer Chedid Re has announced the appointment of Lazhar Charfeddine to oversee the firm’s portfolio in North and West Africa as general manager. Charfeddine brings over 30 years’ experience and joins from Abu Dhabi National Insurance Company, where he served as executive vice president of claims, reinsurance and engineering services. Prior ... Read the full article