Re-insurance broker Chedid Re opens office in Casablanca, Morocco

In an effort to expand further into Northern and West Africa, Beirut, Lebanon-based re-insurance brokerage firm Chedid Re has launched operations in Casablanca Finance City (CFC), Morocco, the company said on Tuesday.

"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," Casablanca Finance City Authority (CFCA) CEO Saïd Ibrahimi said.

Amine Oudghiri Idrissi was named general manager of the new office.

“I am proud to be part of Chedid Re, a leader in our industry and a company consistently committed to deliver high-value services to its network of clients through its extensive knowledge and experience,” Oudghiri Idrissi said. “I also look forward to lead the expansion of Chedid Re in North and West Africa through a local presence in CFC.”

Chedid Re Chairman and CEO Farid Chedid said the opening of the new office was “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.”

For more information, visit www.casablancafinancecity.com.