Chedid Europe Reinsurance Brokerage, a provider of reinsurance solutions to insurance companies in the Middle East, Africa and Europe, has announced its registration as a broker at Lloyd’s of London, a global insurance market.

This announcement comes as a natural extension for the longstanding successful cooperation that started in April 1999 between Chedid Re in Cyprus and Lloyd’s, a time during which Chedid Re was operating as a Lloyd’s cover holder, a statement 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,” said Lloyd’s head of Broker Relations Umron Ahmed.

Farid Chedid, chairman & 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,” he added. – TradeArabia News Service