Excellence,
Re excellence

Starting with the launch of the group in 1998, Farid Chedid embarked on a two-decade journey, building a leading insurance and reinsurance powerhouse that operates across Europe, the Middle East, Africa and South Asia. Chedid Re, one of its strategic business unit, is recognized among the top 20 reinsurance brokers worldwide and a registered Lloyd’s broker.

Under Farid’s leadership, Chedid Capital Holding today includes Chedid Re, Chedid Insurance Brokers Network, Ascoma and Chedid Corporate Solutions, among others, and counts more than 1,600 employees across 64 subsidiaries.

In 2009, the Group established Seib Insurance in Qatar, dealing with corporate and complex risks. In 2015, Chedid Capital acquired a major stake in City Brokers, the leading insurance provider in Mauritius and East Africa and Al Manarah Insurance Services in the UAE.

Farid’s growth philosophy has equally focused on investments in industry-wide education and knowledge exchange, among which was the launch of the Corporate Risk Management Institute (CRMI) in 2020.

In 2021, Chedid Capital acquired majority shares in Groupe Ascoma, the first and largest independent brokerage network in sub-Saharan Africa with 29 subsidiaries, head offices in Monaco and international operations offices in Paris. In 2022, the Group continued its digital transformation by acquiring BuyAnyInsurance, a leading aggregator in the UAE, and intends to expand in the territories it operates in.

His contribution to the insurance field has been recognized with many accolades over the years, including “The Middle East and Africa Industry Achiever of the year” by Global Re and Strategic Risk consortium in 2016. In 2017, 2018 and 2019, he was named among the “100 Arab Achievers” by Arabian Business, and among the “35 Most Influential Lebanese Businessmen” by Forbes Middle East in 2018.

Farid sits on the board of several leading MENA companies both within and outside the insurance sector and has been equally involved in philanthropic initiatives and organizations across the region. Today, he serves as a member of the Board of Trustees at Notre Dame University, Lebanon; a member of Human Rights Watch, Beirut Committee; a UNDP Goodwill Ambassador and a Fellow of the Middle East Leadership Initiative (MELI), member of The Aspen Global Leadership Network (AGLN).

Farid is also a Fellow of the Chartered Insurance Institute of the UK and holds a master’s degree in Risk Management from the NYU Stern School of Business; a master’s degree in Finance from ESA/ESCP Europe; a master’s degree in Management from Université Paris IX Dauphine; and a postgraduate diploma in Maritime Law from London Metropolitan University.

Elie is Chief Executive Officer of Chedid Re’s Global Operations and Chedid Re in the Kingdom of Saudi Arabia, one of the largest operations in the Group.

Prior to that, Elie assisted in establishing Chedid Re treaty division and set up a mutual funds in Lebanon.

Elie holds a Bachelor’s of Science in Actuarial Sciences and Insurance, an MBA in Finance, he is a Microsoft Certified System Engineer, and an Associate in the Charted Insurance Institute, UK.

Joe Asmar

Deputy Chief Executive Officer / Group Head of Facultative

jasmar@chedidre.com

Joe Asmar is Deputy Chief Executive Officer of Chedid Re’s Global Operations and Group Head of the Facultative division, leading all facultative division lines across the region. Prior to that, Joe was a Business Development Officer at Alico – Group Management Division and an Account Executive for the Non-Motor Department at Arabia Insurance Company. Joe holds an MBA from the Lebanese American University in Beirut. He also pursued an executive education programme in Transition to General Management from INSEAD and an Associateship of the Chartered Insurance Institute (ACII).

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Georges Mokbel is the Executive Director of the Operations Division handling processing and quality assurance.

Before joining Chedid Re, Georges was a Senior Manager at Trust International Insurance Co. and Technical Head of Underwriting and Claims at Libano Suisse Insurance Co.

Georges holds an Accounting & Audit Diploma from the Centre National d'Etudes Superieurs et de Seminaires in Brussels, Belgium.

Habib Jaalouk is Chedid Re’s Executive Director.

Prior to joining Chedid Re, Habib was Partner and Director at General Reinsurance Services, Head of Reinsurance at Addison Bradely & Co and Engineering Underwriter, Member of Management, at Swiss Re.

Habib holds an MBA from the University of Lausanne, Switzerland and a Master’s degree in Civil Engineering from the Ecole Polytechnique de Lausanne.

Rana Hafda is the Executive Director of the Facultative division, assisting in the management of all facultative lines of business and leading the casualty and financial lines department.

Prior to that, Rana was a Risk Assessor at Middle East International Adjusters. Rana holds a Bachelor of Arts from the American University in Beirut.
 

Lazhar is a seasoned professional with over 30 years of experience in the insurance industry.

Prior to joining Chedid Re, Lazhar was the Executive Vice President Claims, Reinsurance and Engineering services of Abu-Dhabi National Insurance Company (ADNIC) since 2008. Previously, he worked in various executive positions in the insurance industry, namely as a Regional Director and Head of Casablanca Office of African Reinsurance Corporation, Reinsurance Manager of CINA Assurances and Head of Marine and Aviation Department at Tunis Re.

Lazhar holds a Master in Insurance from Institut de Financement du Développement du Maghreb, Tunis  and a Bachelor in Economics and Management from Faculté de Sciences Économiques et de Gestion de Tunis.

A reinsurance professional with over 16 years of experience in the Insurance and Reinsurance industry in the region.

Shukri joined Chedid Re in 2019 and he is currently the Director for the Treaty Division – Medical & Life Department, handling the overall operations of the Treaty Medical & Life department and managing a portfolio of USD 55,000,000 in premiums.

Prior to joining Chedid Re, Shukri was the General Manager of Nasco Reinsurance Brokers. He also worked at ARIG, Globemed and Mednet.

Shukri holds a Bachelor’s Degree in Banking and Finance from Notre Dame University. He achieved the Fellow, Life Management Institute from the LOMA institute in USA.

Matthew enjoys over 30 years of experience in the Insurance Industry and extensive knowledge of placement management, product research and development together with an expertise in customer, client and market relationships.

Prior joining Chedid Re, Matthew served as a Director of THB North America for 13 years, leading the business through the merger of several specialty wholesales for clients in the United States and Middle East regions. Matthew started his career with Lloyd’s Underwriters Non-Marine Claims Office before moving to Pearson Webb & Springbett.

Wadih Hardini is Deputy Head of Facultative Reinsurance of Chedid Re’s Global Operations and the General Manager of Chedid Re in the United Arab Emirates.

Prior to that, Wadih was a Manager at the Casualty Department at Chedid Re Lebanon.

Wadih holds a Masters in Law and an MBA from Ecole Supérieure des Affaires (ESA).