Given the growing importance of the brokers in the market, we bring you the view of Mr. Farid Chedid, Managing Director, Chedid Re, operating in the Middle East, adding value in different ways while increasing its business volumes.

At a time when the Middle East insurance industry is more competitive than ever, Chedid Re chalked up a healthy double-digit growth, increasing its premium handled from US$50 million in 2006 to nearly $70 million by September 2007.

Chedid Re’s success is mostly attributed to a highly professional and well-managed team, and is simply focusing on innovation, offering selected industry solutions to key market players, and transforming the most sophisticated risks into technically sound insurable interests.

Looking ahead, Chedid Re is fully conversant with the growing support the insurance market needs from product innovation to technical expertise and risk management solutions.