Leading reinsurance brokerage firm, Chedid Re, has been named “2011 Reinsurance Broker of the Year” for the second year in a row in the 8th Annual Insurex Awards ceremony.
 
Held under the patronage of Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Industry, and organised by Policy magazine, the prestigious award was presented to Chedid Re chairman and CEO, Farid Chedid, and client management director, Habib Jaalouk, during a ceremony, held at The Address Dubai recently.

The award recognises the broker that demonstrates how it goes the extra mile to meet the needs of its clients and has a proven track record of growth and success in the Middle East, a statement from the company said.

It demonstrates an exemplary level of service to clients and boasts a formidable presence across the region.

“It is a great honor to be named ‘2011 Reinsurance Broker of the Year’ at the Insurex Awards 2011. Winning this leading award two years in a row is a tribute to the excellence of our team and an acknowledgement of the leading position Chedid Re holds within the reinsurance industry recognising our achievements, success and leadership. It is a great recognition for the team that drives the business,” Chedid said.
 
“We are extremely gratified to receive this recognition of our contribution to the insurance industry. Chedid Re remains committed to continuously improve its performance and added value through better knowledge and expertise, continuously enhance  relationships with both clients and reinsurers and continuously maintain our high standards of ethics and integrity,” Jaalouk added.
 
One of the fastest growing reinsurance brokers in the Mena region, Chedid Re delivers comprehensive reinsurance solutions to over 240 insurance companies in Mena and Europe through offices in Beirut, Dubai, Limassol and Riyadh, the statement said. – TradeArabia News Service