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 to local and global markets.
“Our partnership with Hellenic Sun Brokers reaffirms the company’s global footprint in the reinsurance industry and the ability to collaborate with an organization which enhances our work in a highly sophisticated line of business spanning over 45 countries across Europe, Middle East and Africa,” said Farid Chedid, Chairman and Group CEO of Chedid Capital.
“With HSB’s presence in the Pakistani market, we are able to provide tailored insurance and reinsurance services to the expanding sector and offer global expertise at the precarious time of the Covid-19 pandemic.”
Shahbaz Haider Agha, Chief Executive Officer at Hellenic Sun Insurance Brokers added, “We are delighted to partner with Chedid Re, a highly reputable global Lloyd’s broker, which gives us access to global markets and international expertise. This partnership marks an exciting milestone for HSB, allowing us to leverage a new market and continue our growth and legacy in Pakistan.”
