Beirut, October 28, 2021 – Chedid Re, a company of Chedid Capital, was named “Reinsurance Broker of The Year” at the Middle East Insurance Industry Awards 2021 for the 6th time, five in a row, making it the most winning company in this category, a record for this prestigious industry award.
Organized by MEIR (Middle East Insurance Review), the 8th ceremony edition was held in a virtual format again this year, due to the circumstances of the Covid-19 pandemic.
This win is a testimony to Chedid Re’s strong operations, market expertise and ability to respond to market trends. Since its establishment 23 years ago, the pillars of Chedid Re’s success have remained unchanged such as its strong network of affiliates across three continents, its substantial portfolio and investments into market intelligence and research capabilities that allow it to predict rather than react to industry dynamics and its longstanding client, partner and shareholder relationships built on mutual grounds of trust, transparency and respect.
Chedid Re has demonstrated agility and innovation in mitigating risks across regional markets in 2020 throughout challenging times, especially during the COVID 19 pandemic where it leveraged its cyber security, internal processes and data infrastructure to deliver on its innovative product and solutions to suit customers’ evolving needs such as adopting digital signatures as an official way to conduct business and authenticate documents among other solutions.
Commenting on the win, Farid Chedid, Chairman and CEO of Chedid Capital said: “I would like to start by thanking the MEIR jury members for their trust, yet again, in Chedid Re and the team members for their continuous efforts into making this awards ceremony an awaited event, year after year, amid the challenging times.”
“Against all odds, it took our group a great deal of integrity, passion, ambition and agility to develop and deliver on personalized and innovative products and services, in response to the evolving worldwide changes and new requirements,” he added.