Reinsurance News
Chedid
Chedid Capital names Illingworth NonExec Director at Milestone Risk Solutions Ltd
25th September 2024
Chedid Capital, an investment group in the insurance and reinsurance industry, has appointed James Illingworth as an Independent NonExecutive Director at Milestone Risk Solutions Ltd in the United Kingdom and a Strategic Committee Member at Momentum Insurance. Chedid took control of Milestone Risk Solutions via its acquisition of UK-based Trilogy ... Read the full article
Chedid Capital completes full acquisition of Groupe Ascoma
30th April 2024
Chedid Capital now holds 100% of Groupe Ascoma by acquiring the remaining 20% share from the Husson Family, reinforcing its position in Africa’s insurance brokerage market. This finalises a process that began in September 2020 when Chedid Capital announced its intention to acquire Ascoma, culminating in an 80% stake acquisition ... 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 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 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
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