Chedid Re names Elie Abi Rached global CEO

Chedid Re has announced the appointment of Elie Abi Rached as chief executive officer of its global operations whilst retaining his position as CEO - Chedid Re KSA

In addition, Joe Asmar has been named deputy chief executive of its global operations whilst retaining his position as group head of facultative reinsurance; and Wadih Hardini has been named deputy head of facultative reinsurance of its global operations whilst retaining his position as general manager - Chedid Re Dubai.

Farid Chedid, chairman and Group CEO of Chedid Capital commented: “Nearly 25 years after its creation and the growth and development it has witnessed around the world, Chedid Re today needs more than ever a dynamic and robust senior leadership team to manage its ongoing expansion.”

“I am confident that the new appointed members have the management depth and expertise to enable them to achieve the Group’s strategic goals as they were onboard from the early days and contributed to our growth in a performance-driven, goal-oriented, and forward-thinking approach.

“They will also constantly explore new initiatives to deliver the best and build on relationships with clients, reinsurers, and stakeholders” added Mr. Chedid.

Elie Abi Rached thanked the board of directors and its chairman for their trust, stating that, “Today more than ever, we shall continue to work with our teams to strengthen and develop the position of Chedid Re to reach our goals, and we shall succeed.”