Africa News - Morocco: Chedid Re is first reinsurance broker in Casablanca Finance City
Source: Middle East Insurance Review | Jan 2016
Regional reinsurance broker Chedid Re has opened a new office in Casablanca Finance City (CFC), as part of an expansion strategy enhancing the company’s presence in North and West Africa. It is the first reinsurance broker to be sited in the CFC.
Chedid Re said the CFC status will contribute to the company’s continuing growth and future market development plans in the African market.
Mr Amine Oudghiri Idrissi has been appointed as General Manager of Chedid Re, North & West Africa, to lead the reinsurance broker’s efforts in catering to the evolving needs of regional and global company clients in the insurance and reinsurance industry.
Mr Farid Chedid, Chairman and CEO of Chedid Re, described the expansion as “one more milestone for Chedid Re’s growth, bringing the company closer to clients and partners and adding value to the services and the reinsurance solutions provided”.
Mr Said Ibrahimi, CEO of the CFC Authority, said: “The presence of Chedid Re among other international partners strengthens the role of CFC as an economic and financial platform and a Pan-African reinsurance hub.”