Resilience, agility and efficiency

Resilience, agility and efficiency

In 1998, 23-year-old Farid Chedid founded Chedid Re in Cyprus as a reinsurance broker with a three-person team. Within 15 years, it had become one of the world's top 20 reinsurance brokers, and is today considered the number-one reinsurance network in MENA. With offices across Beirut, Casablanca, Dubai, Limassol, London and Riyadh, Chedid Re employs more than 300 employees and services around 400 insurance companies in 45 countries on three continents, recently partnering with Hellenic Sun to cover Pakistan. Today, the Group counts 1,300 employees, 40 subsidiaries and more that $1bn of premium handled.

As Chedid Re developed at a rapid pace, in 2006 Farid Chedid founded Chedid Capital, a financial holding company, to invest in the complete insurance and reinsurance business cycle. The group launched Chedid Insurance Brokers Network in Saudi Arabia, Dubai and Qatar before acquiring Al Manarah in Dubai, Al Afaq in Qatar and City Brokers in Mauritius to grow its brokerage network. In Qatar, Chedid Capital launched Seib Insurance, which became one of the top three health insurers in the market over less than a decade.

The London office caters to Chedid Re's international investments and businesses

Chedid Capital then launched E-Darat, a digital HR platform, as well as