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 company’s journey.”
He said: “We are proud to see Chedid Re reinforcing its international presence in the insurance and reinsurance brokerage market.
“Our new Paris office, along with the London office, will support the Group’s strategic expansion across the continents where we operate and will enable us to be closer to the European insurance market, and particularly our clients and partners across Africa and Europe.”
Meanwhile, Chedid Re recently made a series of senior appointments, including Elie Abi Rached who was appointed as CEO of Chedid Re’s global operations, as well as Joe Asmar who was named as Deputy CEO of Chedid Re’s global operations, and Wadih Hardini who was appointed as Deputy Head of Facultative Reinsurance of Chedid Re’s global operations.
Earlier in the year, Chedid Re signed a five-year partnership with JBA Risk Management, which allows Chedid to use JBA’s global flood model, to provide flood risk analytics and catastrophe modelling services to its clients across the Middle East, Africa, and South Asia.
