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 and the drive and supervision of the Central Bank (SAMA) to achieve high insurance industry standards, it established in 2010 operations in the country.
This move was in line with the firm’s strategy and objectives, which enabled the group to capitalise on Saudi Arabia’s fast-growing insurance and reinsurance sectors, Chedid Re explained.
Elie Abi Rached, CEO of Chedid Re’s Global Operations commented: “The Saudi market deserves the best in terms of technical expertise and know-how, and we believe we have an important role to play in assisting a professional and pioneering insurance industry.
“I am confident that Mohammed’s new appointment will enable us to continuously enhance our value proposition so that we can be at the forefront of the industry, whilst supporting growth and a vibrant future for the market.”
Before joining Chedid Re KSA in 2020, AlSudairy completed many certifications and served in Saudi Re Treaty department and accomplished Training at Lloyds in the United Kingdom.
He holds an Executive MBA from ESCP Business School Paris-France and a Bachelor of Science in Political Science from Endicott College, Beverly, Massachusetts.
Commenting on his appointment, Mohammed AlSudairy said: “I would like to thank the board of directors and the management team for their trust, and I look forward to this challenging yet exciting opportunity to continue the great work being done by Chedid Re in serving the insurance sector in the region.”
