News Middle East04 Nov 2019

Lebanon:Chedid Re strengthens North Africa operations

04 Nov 2019

Beirut headquartered Chedid Re has appointed insurance stalwart Lazhar Charfeddine as its new general manager for Chedid Re in Morocco, from where the 30+ year industry veteran will oversee the company's rapidly growing portfolio in North and West Africa.

Before joining Chedid Re, Mr Charfeddine was at Abu Dhabi National Insurance Company (ADNIC) as EVP – Claims, Reinsurance and Engineering Services. He was responsible for setting up and implementing the claims and reinsurance strategies of the company and backing the underwriting team in their risks’ evaluation.

Prior to ADNIC, Mr Charfeddine was Africa Re regional director in Morocco where he was responsible for developing long- and short-term strategic plans to ensure the effective development of business activities.

With offices in Beirut, Casablanca, Dubai, Limassol, London, and Riyadh, Chedid Re is a leading reinsurance broker in the Middle East and North Africa, and is listed by Global Re among the top 20 reinsurance brokers in the world. It is a registered broker at Lloyd’s.

Mr Farid Chedid, chairman and group CEO of Chedid Capital, said, “The deep industry knowledge and expertise of Lazhar will serve to enhance our growing mandate which now spans 45 countries across Europe, Middle East and Africa. Particularly, he will be instrumental to our growth and management in North and West Africa.”

 

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