ABOUT US
A financial holding company, Chedid Capital is a leading investment group in the insurance and reinsurance fields. The group operates across Europe, the Middle East, Africa and South Asia. Its subsidiary, Chedid Re, a Lloyd’s official broker, is among the 20 largest reinsurance brokers in the world. In 2021, Chedid Capital acquired majority shares in Groupe Ascoma, the largest independent Insurance broking network in the French-speaking African countries with Head Offices in Monaco and International operations offices in Paris.
Through the Chedid Foundation, the Group is also heavily involved and invested in communal and social development, and focally in youth development and education in the insurance and reinsurance fields through the Chedid Academy. Under its partnership with higher education councils and stakeholders, the Group also founded the Corporate Risk Management Institute (CRMI) in 2019.
Mission
To push the boundaries of product innovation, service excellence, market relationships and to support our clients in anticipating and managing their risks, guided by our strict work ethic and corporate governance to create value for our stakeholders.
Vision
To unlock the power of our leadership, partnerships, and people towards positioning our group as a leader in the multiregional insurance and financial services industry.
our values
We practice what we preach with a performance-driven, goal-oriented, and forward-thinking approach to insurance innovation and leadership. In this ambition, our values form the cornerstone to our success
TRANSPARENCY
In a constantly disrupted industry, our open lines of communication on both our challenges and opportunities have forged strong relationships with our stakeholders, built on mutual respect, trust and ethics.
PASSION
We love what we do and we do what we love. Our passion to create, innovate, and grow solutions that keep pace with our industry and client needs remains central to our market leadership.
RESILIENCE
We see opportunity in challenging times and uncharted territory, and we have the tenacity to match our bold ambitions against the odds.
AGILITY
We move fast and firmly in navigating our industry’s volatility and complexity as we invest in future-ready people, platforms, and technologies.
KNOWLEDGE
We challenge ourselves first, our industry second, with restless eagerness and appetite to learn, unlearn, and relearn.
Chairman's Message
Welcome
We have come a long way since we started in 1998. Two decades into our leadership as a global investment group in the insurance and reinsurance field, our 1600 strong team across Europe, the Middle East, Africa and South Asia has far more to conquer.
Today’s ‘economy of uncertainty’ has disrupted and built-up entire industries and businesses. Never has our world’s vulnerability to sudden change been clearer than during the COVID-19 pandemic. And with our scale and leadership, comes great responsibility to plan for adversity and succeed at speed.
It took a great deal of integrity, passion, and ambition for our group to have grown beyond borders and against odds in the last 23 years. We built our name on our consistent delivery of quality services and solutions, strong market relationships, and borderless talent and technology. The year 2010 marked a turning point for our expansion, with the launch of Seib Insurance and that of the Chedid Insurance Brokers Network. In 2015, followed our entry into Africa with the acquisition of City Brokers, Mauritius and East Africa’s leading insurance broker. That same year, we celebrated our relationship with Lloyd’s, which began in 1998, with Chedid Re’s official registration as a Lloyd’s Broker.
As I write this message, the ink is drying on our group’s 80% acquisition of Ascoma’s (Ascoma Assureurs Conseils) leading brokerage business in Africa – a network of 29 subsidiaries and 700 people across 23 countries; another milestone for our vision to lead insurance brokerage in the Middle East and Africa, and a testament to our shared values with the Husson family behind the ASCOMA legacy since 1950. The Chedid – Ascoma deal positioned our Group as a leader in Africa and the Middle East.
Our group’s next growth stage is yet another leap of faith on how we operate, innovate, and deliver on the needs of our partners and people.
Customer centricity, management expertise, power partnerships and product and service innovation still anchor our growth in meeting higher demand for reliable insurance and reinsurance brokerage and consultancy management. And in an uncertain present, risk management remains the core foundation to our operations, our stakeholder relationships, and our market leadership.
In a region largely underserved by oversight and monitoring, corporate governance is another focus area for our group. Today, half of our board of directors is represented by independent specialists who positively challenge the way and the ‘why’ we do things. It is an open culture we built on transparency, trust, and honesty – values that are core to our group, but paramount for our industry’s survival.
In parallel, our focus is on growing and protecting our most invaluable asset: people. Over the years, we have heavily invested into attracting, retaining and empowering top talents in the field. More ambitiously, we have raised the bar for insurance and financial expertise at an industry-wide level. It is how Chedid Academy, our in-house academy for specialized training came to be in 2010. Followed, in 2019, by the landmark launch of our Corporate Risk Management Institute (CRMI) in partnership with the renowned Institute of Risk Management (IRM) in London.
As we ring in the next decade, digitization and technology on both operational and strategic fronts will be core to our transformation. In 2020, we launched E-DARAT, an HR and insurance management software. Now, we are ramping up our investments into ICT of the future, as data protection and cybersecurity have become critical for our industry’s ‘new normal’ – more so in the post COVID-19 era.
Many unknowns lie ahead. But our robust talent and technology infrastructure has proved resilient in absorbing the global and regional shocks that challenged our group over the years. The COVID-19 pandemic was no exception.
Our people and commitment to practice what we preach are the pillars to our success. And we are taking them to new heights across existing and new territory
Farid Chedid