BEIRUT, Lebanon, 25th June 2015, -/African Media Agency (AMA)/- Chedid Re has registered as a Lloyd’s Broker in a move aimed at boosting its business operations and serving better its clientele base with the company currently having a presence in Middle East, Europe and Africa.
By being registered as a Lloyd’s broker, Chedid Re has confirmed that it is a trusted international partner and a major regional player in the reinsurance industry with a sustained expansion that results in a full international exposure.
Chedid Re first began working with Lloyd’s in April 1999 as a cover holder through its operations in Cyprus. Therefore the company termed the registration announcement as a ‘natural extension’ for the longstanding successful cooperation with Lloyd’s in Cyprus.
Lloyd’s Head of Broker Relations Umron Ahmed was upbeat about the development noting that it is line with Lloyd’s future plans of leading in the insurance sector. “I am pleased that Chedid Re has become a new registered broker at Lloyd’s. The goal of Lloyd’s Vision 2025 strategy is to become the global centre for specialist insurance and reinsurance, and we look forward to working with Chedid Re in achieving this.”
Similar sentiments were shared by Victoria Natar, superintendent of insurance in Cyprus who congratulated Chedid Re for becoming a new registered broker at Lloyd’s and wished them success in all their future activities.
Reacting to the above comments, Farid Chedid, Chairman & CEO of Chedid Re thanked his partners and stated, “Chedid Re’s business activity and goals fit perfectly within Lloyd’s growth strategy, and our registration into the Lloyd’s market as a broker shows that we and Lloyd’s are aligned and it’s a testament to the track record of a company that started in Cyprus 17 years ago.” Farid further added, “I seek this opportunity to renew our commitment to our partners to always operate through the values of trust, transparency and productivity they have always been used to see in dealing with ChedidRe”.
Distributed by African Media Agency (AMA) on behalf of Chedid Re.
About Chedid Re
Chedid Re is a multi-awarded regional leader in the Reinsurance brokerage industry that achieved asuccessful track record as an approved Lloyd’s cover-holder and is authorized by certain Lloyd’ssyndicates as well as by leading global reinsurers to underwrite risks and enter into contracts on theirbehalf. Chedid Re’s team delivers comprehensive reinsurance solutions to insurance companies in theMiddle East, Africa and Europe through its offices in Beirut, Dubai, Limassol and Riyadh.