Chedid Re registers as Lloyd’s broker
Reinsurance broker Chedid Re has revealed that it has registered as a Lloyd’s broker, in a move it believes is a natural extension of its cooperation with Lloyd’s.
The co-operation began in April 1999 between Chedid Re in Cyprus and Lloyd’s, a time during which Chedid Re was operating as a Lloyd’s coverholder.
Umron Ahmed, Lloyd’s head of broker relations, said: “I am pleased that Chedid Re has become a new registered broker at Lloyd’s. The goal of Lloyd’s Vision 2025 strategy is to become the global centre for specialist insurance and reinsurance, and we look forward to working with Chedid Re in achieving this.”
Farid Chedid, chairman and chief executive officer (CEO) of Chedid Re, said: “Chedid Re’s business activity and goals fit perfectly within Lloyd’s growth strategy, and our registration into the Lloyd’s market as a broker shows that we and Lloyd’s are aligned and it’s testament to the track record of a company that started in Cyprus 17 years ago.
“I seek this opportunity to renew our commitment to our partners to always operate through the values of trust, transparency and productivity they have always been used to see in dealing with Chedid Re.”
Victoria Natar, superintendent of insurance in Cyprus, added: “We congratulate Chedid Re for becoming a new registered broker at Lloyd's and we would like to wish them success in all their future activities.”
