Chedid Re wins the 2011 Reinsurance Broker of the Year award

Farid Chedid: “Winning this leading award two years in a row is a tribute to our excellence”

Doha, Qatar - Sunday, January 30th 2011 [ME NewsWire]

Chedid Re has been named “2011 Reinsurance Broker of the Year” for the secondyear in a row by the MENA Insurance Awards (previously Gulf Insurance Awards). The prestigious award was presented to Chedid Re Chairman Mr. Farid Chedid during the competition’s 2011 awards ceremony, held at TheAddress in Dubai.

A distinguished panel of judges comprising eminent industry leaders, practitioners and regulators from MENA and global markets agreed that product innovation, integrity, strong financial performance, commitment to customers and a proven track record of success set Chedid Re apart from all other reinsurance brokers in the region.

Receiving the award, Mr. Farid Chedid said: “It is a great honor to be named ‘2011Reinsurance Broker of the Year’ at the MENA Insurance Awards. Winning this leading award two years in a row is a tribute to the excellence of our team members and an acknowledgement of the leading position Chedid Re holds within the reinsurance industry.”

“We are extremely gratified to receive this recognition of our contributions. Chedid Re remains committed to our innovative approach in developing reinsurance businessrelationships, providing our clients with expert reinsurance solutions, and building a stronger reinsurance industry in the key global market.”

One of the fastest growing reinsurance brokers in the MENA region, Chedid Re delivers comprehensive reinsurance solutions to over 170 insurance companies in MENA and Europe through offices in Beirut, Dubai, Limassol and Riyadh. For more information please visit www.chedidre.com

About Chedid Re

Chedid Re is one of the fastest growing reinsurance brokers in the Middle East North Africa region (“MENA”) and is renowned for the quality of its services, placement of complex and specialized risks and speed of delivery. Chedid Re was established in Cyprus in 1998 to service a growing demand for a reliable, innovative and professional reinsurance broker/intermediary in the MENA region.

In addition to its reinsurance brokerage activities, Chedid Re has also a longstanding successful track record as an approved Lloyd’s correspondent cover-holder. Chedid Re is thus authorized by different Lloyd's syndicates and by other regional and international reinsurers to underwrite risks, enter into contracts of reinsurance, and issue reinsurance documentation on their behalf.

Today, Chedid Re delivers comprehensive reinsurance solutions to over 170 insurance companies in MENA and Europe through offices in Beirut, Dubai, Limassol and Riyadh.

For more information, please visit www.chedidre.com
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