Chedid Re was recognised as “Reinsurance Broker of the Year” at the Middle East Insurance Industry Awards 2023 held on November 16.
The awards win is the seventh time that Chedid Re has been awarded this title.
“When we last took home this coveted award, it was amid a global pandemic and economic shakeup of great magnitude,” said Wadih Hardini, head of facultative global operations at Chedid Re.
In 2015, the company was officially registered as a Lloyd’s broker. Since then, Chedid Re has consistently ranked among the world’s top 20 reinsurance brokers, and has claimed MIIA’s Reinsurance Broker of the Year title for five consecutive years between 2017 and 2021.
Hardini said: “This year, turbulence is hitting closer to home. It is a challenging context and critical juncture for our region that casts a different lens on our recognition as the Reinsurance Broker of the Year.
Since its founding in 1998, Chedid Re’s network has expanded to more than 300 brokers across its Abidjan, Beirut, Casablanca, Dubai, Limassol, London, Paris, and Riyadh offices, working with 400-plus insurance companies in Europe, the Middle East, Africa, and South Asia.
“Beyond any stature of scale and success, we take most pride in this award’s reflection of our enduring commitment and loyalty to our people, to our partners, and to our communities against all odds,” Hardini added.