Chedid Re, one of the leading reinsurance brokers in the MENA region, recently won the “2010 Reinsurance Broker of the Year” award at the fifth annual Middle East Insurance Awards. The award ceremony was held at the Westin Hotel Mina Seyahi, Dubai. Earlier this year, Chedid Re also won the “2010 Reinsurance Broker of the Year” award at the Gulf Insurance Awards held in Dubai, thus reinforcing the company's reputation for offering high quality services. Chedid Re's relentless commitment to identify and address client requirements, its innovation, diversity and quality of its service offering, in addition to the company's proven track record in markets across the Middle East, were cited as the key factors that helped Chedid Re win the latest award. Farid Chedid, chairman and CEO of Chedid Re Group of Companies, said: “The entire team at Chedid Re deserves credit and appreciation for this achievement. Their sincere efforts to deliver premium quality services by catering to specific customer requirements have been instrumental in the continuous growth and success of the company. On behalf of the Chedid Re team, I would also like to thank our insurance and reinsurance partners for entrusting us with their reinsurance needs and for continuously supporting us. This award further motivates us to continue striving for excellence as we consolidate our presence in the regional markets with our focus on product innovation and customer satisfaction.” The Middle East Insurance Awards were attended by around 180 delegates representing decision makers from Arab and international insurance and reinsurance companies, regulatory agencies, brokers and banks. Chedid Re, which was established in Cyprus in 1998, delivers today comprehensive reinsurance solutions to over 170 insurance companies in MENA and Europe through operations in Saudi Arabia, UAE, Qatar, Lebanon, Cyprus and Greece.
