Chedid Capital to buy African broker Ascoma


Chedid Capital, an insurance and financial holding company that operates in Europe, the Middle East, Africa, and the South-East of the Indian continent, has entered into exclusive negotiations to acquire African broker Ascoma Assureurs Conseils. Chedid will take over the African business of the Ascoma group, which has a network of 23 subsidiaries in 21 countries in Africa, specialising in property and casualty and healthcare insurance broking. Chedid said the transaction is a part of its expansion strategy in the Middle East and Africa market. Farid Chedid, founder and chairman of Chedid Capital, said: "The acquisition of Ascoma is part of our global strategy to create...

Chedid Capital, Ascoma Assureurs Conseils, Mergers & Acquisitions, Insurance, Reinsurance, Farid Chedid, EMEA

Intelligent Insurer