News Middle East18 Sep 2022

UAE:Chedid Re makes new senior appointments to drive expansion strategy

| 18 Sep 2022

Mr Farid Chedid, chairman and group CEO of Chedid Capital,


Chedid Re, a leading reinsurance broker and a member of Chedid Capital Holding, has made several new senior appointments, in a move aimed at driving its strategy to expand its business and operations across the three continents where the company is present.

The broker announced last week appointments to senior executive leadership positions, as follows:

  • Mr Elie Abi Rached as CEO of its global operations whilst retaining his position as CEO of Chedid Re KSA;
  • Mr Joe Asmar as deputy CEO of its global operations whilst retaining his position as group head of Facultative Reinsurance; and
  • Mr Wadih Hardini as deputy head of Facultative Reinsurance of its global operations whilst retaining his position as general manager of Chedid Re Dubai.

Mr Farid Chedid, chairman and group CEO of Chedid Capital, said in a statement, "Nearly 25 years after its creation and the growth and development it has witnessed around the world, Chedid Re today needs more than ever a dynamic and robust senior leadership team to manage its ongoing expansion."

“I am confident that the new appointed members have the management depth and expertise to enable them to achieve the Group’s strategic goals as they were onboard from the early days and contributed to our growth in a performance-driven, goal-oriented, and forward-thinking approach. They will also constantly explore new initiatives to deliver the best and build on relationships with clients, reinsurers, and stakeholders” added Mr Chedid.

 

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