In this role, he will be responsible for managing both facultative and treaty operations across the region.

Kassab brings over 25 years of experience in the reinsurance industry, having worked in leadership positions in both the Middle East and London markets.

He has developed extensive expertise in structuring reinsurance solutions and building cross-border relationships, which will support Chedid Re’s expansion in Asia-Pacific.

Chedid Re provides reinsurance broking and advisory services to insurers and reinsurers worldwide, with a presence in key markets across Europe, the Middle East, Africa, and Asia-Pacific.

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In his new role, Tabaja will lead the broker’s facultative division, driving growth and operational excellence.

Tabaja has over 15 years of industry experience. He joined Chedid Re in 2014 as the Senior Manager for Marine & Energy, and played a key role in shaping the marine and energy portfolio, bringing technical depth and strategic foresight.

Tabaja has since served as a Director and Senior Director at the reinsurance broker.

Before joining Chedid Re, he served as a Strategy & Business Development Manager at Trust Compass Ins. Co. for almost two years.

He started his career at Trust Re as a Regional Manager & Underwriter, Marine & Energy, eventually spending four years with the company.

Reinsurance broker Chedid Re has a strong presence in the MENA region with operations running from more than 45 countries across Europe, the Middle East and Africa.

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If you recall, Vandendael recently joined MJM Holdings’ Supervisory Board.

Overall, Vandendael brings over 30 years of industry expertise towards Chedid Re.

He previously served as CEO of Everest Global Markets and its Lloyd’s Syndicate 2786, as well as Chairman of the Ireland board.

Prior to joining Everest, he spent six years at Lloyds of London, most recently serving as Chief Commercial Officer.

During his stint at Lloyds, he also held the role of Director, Global Markets.

Before he joined Lloyd’s in 2012, Vandendael spent 17 years working in various positions of increasing responsibility at Zurich Insurance Company, most recently serving as CEO for Global Corporate, Asia Pacific.

In addition, Vandendael also previously served in various positions at Chubb, including a tenure as Financial Institutions Manager, based in Paris, France.

In a statement, Chedid Re said: “As we continue to expand into new markets and regulatory landscapes, we are confident in the impact Vincent’s international expertise and strategic acumen will have on our global governance structure and efforts.”

Commenting on his appointment, Vandendael said: “I made many decisions in my career but joining Chedid Re was a straightforward one. Their talented teams, the values they live by, their unwavering integrity and corporate social responsibility are most compelling.”

Adding: “I look forward to this exciting new chapter in my career helping them realise their vision and expand their market leading position in the Middle East and Africa.”

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Shukri has been with Chedid Re for over five years.

He joined the firm in 2019 taking on the role of Director, Treaty Health & Life.

Prior to joining the reinsurance broker, Shukri spent six years working at Nasco Insurance Group.

During his tenure at the firm he served in a number of different leadership roles, including: General Manager, Chief Operations Officer, and Senior Executive Manager/Head of Life & Medex.

Moreover, between August 2006 – December 2012, he worked at Arab Insurance Group, where he held the role of Assistant Director – Medical.

Additionally, between 2004 – 2006, he held the role of Assistant General Manager – Clients Operations at Globemed Saudi Arabia.

Chedid Re recently made two new appointments within its Facultative Division. 

Patricia Atallah was named Senior Director of the firm’s Property portfolio and Jalal Tabaja was appointed Senior Director of Energy, Marine & Specie.

In April 2023, Chedid Re Europe set up regional headquarters in the Kingdom of Saudi Arabia for its regional operations in the Middle Eastern reinsurance market.

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Based in Lebanon, Atallah brings to her new role close to two decades of industry experience.

She takes over her new position after serving as Director Facultative Operation – Property, Engineering and Political Violence at Chedid Re, a position she had held since 2004 when he first joined the company.

“Congratulations to Patricia Atallah on her new role, where she will continue to build up and expand our Facultative Division’s Property portfolio and partnerships. Onward and upward!,” a Chedid Re spokesperson said.

Tabaja has over 15 years of experience and takes over his new role following his position as Director in Chedid Re. He had joined the company in 2014 as Senior Manager – Marine & Energy.

Prior to Chedid Re, he served as Strategy & Business Development Manager at Trust Compass Ins. Co. for close to two years, before that he spent over four years with Trust Re as a Regional Manager & Underwriter Marine & Energy.

Commenting on his appointment a Chedid Re spokesperson said: “Congratulations to Jalal Tabaja on his new role, where he will continue to elevate our Facultative Division’s service and expertise in the Energy, Marine & Specie verticals to new heights!

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Elie Abi Rached, Chief Executive Officer of Chedid Re Global Operations, commented, “We are proud to further reinforce our presence in the Saudi market, a market that deserves the best in terms of technical expertise and know-how.

“We believe that we have an important role to play in assisting a professional, vibrant and pioneering insurance industry.”

Farid Chedid, Chairman and Group CEO of Chedid Capital said, “The entire group supports this move because the Kingdom of Saudi Arabia is at the heart of our strategy.

“We are working hard to make this step a success and to achieve the Kingdom’s Vision 2030.”

The announcement follows news from earlier in March that Mohammed AlSudairy was appointed Deputy CEO of Chedid Re KSA.

Meanwhile, in November last year, Chedid Re announced that its Paris office had received a license to conduct insurance and reinsurance brokerage activities in France, extending the network of the firm’s global operations.

Farid Chedid, Chairman and Group CEO of Chedid Capital, described the launch of Chedid Re in France as a “milestone in the company’s journey.”

“We are proud to see Chedid Re reinforcing its international presence in the insurance and reinsurance brokerage market,” he said at the time.

He continued, “Our new Paris office, along with the London office, will support the Group’s strategic expansion across the continents where we operate and will enable us to be closer to the European insurance market, and particularly our clients and partners across Africa and Europe.”

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The reinsurance broker started business in the Kingdom in 1998. In view of the important potential of the Saudi market and the drive and supervision of the Central Bank (SAMA) to achieve high insurance industry standards, it established in 2010 operations in the country.

This move was in line with the firm’s strategy and objectives, which enabled the group to capitalise on Saudi Arabia’s fast-growing insurance and reinsurance sectors, Chedid Re explained.

Elie Abi Rached, CEO of Chedid Re’s Global Operations commented: “The Saudi market deserves the best in terms of technical expertise and know-how, and we believe we have an important role to play in assisting a professional and pioneering insurance industry.

“I am confident that Mohammed’s new appointment will enable us to continuously enhance our value proposition so that we can be at the forefront of the industry, whilst supporting growth and a vibrant future for the market.”

Before joining Chedid Re KSA in 2020, AlSudairy completed many certifications and served in Saudi Re Treaty department and accomplished Training at Lloyds in the United Kingdom.

He holds an Executive MBA from ESCP Business School Paris-France and a Bachelor of Science in Political Science from Endicott College, Beverly, Massachusetts.

Commenting on his appointment, Mohammed AlSudairy said: “I would like to thank the board of directors and the management team for their trust, and I look forward to this challenging yet exciting opportunity to continue the great work being done by Chedid Re in serving the insurance sector in the region.”

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Farid Chedid, Chairman and Group CEO of Chedid Capital, described the launch of Chedid Re in France as a “milestone in the company’s journey.”

He said: “We are proud to see Chedid Re reinforcing its international presence in the insurance and reinsurance brokerage market.

“Our new Paris office, along with the London office, will support the Group’s strategic expansion across the continents where we operate and will enable us to be closer to the European insurance market, and particularly our clients and partners across Africa and Europe.”

Meanwhile, Chedid Re recently made a series of senior appointments, including Elie Abi Rached who was appointed as CEO of Chedid Re’s global operations, as well as Joe Asmar who was named as Deputy CEO of Chedid Re’s global operations, and Wadih Hardini who was appointed as Deputy Head of Facultative Reinsurance of Chedid Re’s global operations.

Earlier in the year, Chedid Re signed a five-year partnership with JBA Risk Management, which allows Chedid to use JBA’s global flood model, to provide flood risk analytics and catastrophe modelling services to its clients across the Middle East, Africa, and South Asia.

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The Dubai-based Thakur posted on the social media site to say that the firm had promoted him from deputy manager for financial lines. Thakur is taking up his new role after a little over the year with the firm. He joined in August 2021, following two-and-a-half years at Gulf Insurance & Reinsurance and over six-and-a-half years at SBI General Insurance.

Thakur wrote: “I’m happy to share that I’m starting a new position as associate director in the facultative division – financial lines at Chedid Re! It has been exciting journey so far. Thanks to the #management for recognition.”

This news comes days after the firm appointed a new CEO in Elie Abi Rached, which was announced last week.

At the same time, Joe Asmar has been named as deputy chief executive officer of Chedid Re’s global operations whilst retaining his position as group head of facultative reinsurance. Wadih Hardini was also appointed as deputy head of facultative reinsurance of Chedid Re’s global operations whilst also retaining his position as general manager of Chedid Re Dubai.

There is a lot going on with the firm at the moment. In June, it said it had signed a five-year partnership with flood risk modeller JBA Risk Management. The partnership will allow the broker to use JBA’s global flood model, which will enable Chedid Re to provide flood risk analytics and catastrophe modelling services to its clients across the Middle East, Africa, and South Asia.

Chedid Re will access the global flood model via its existing relationship with Nasdaq Risk Modelling for Catastrophes.

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Elie Abi Rached has been appointed as Chief Executive Officer of Chedid Re’s global operations whilst retaining his position as CEO – Chedid Re KSA.

At the same time, Joe Asmar has been named as Deputy Chief Executive Officer of Chedid Re’s global operations whilst retaining his position as Group Head of Facultative Reinsurance.

And lastly, Wadih Hardini has been appointed as Deputy Head of Facultative Reinsurance of  Chedid Re’s global operations whilst also retaining his position as General Manager – Chedid Re Dubai.

“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,” said Farid Chedid, Chairman and Group CEO of Chedid Capital

He continued: “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.”

Newly appointed CEO, Elie Abi Rached, expressed his pride in his nomination, thanking the Board of Directors and its Chairman for their trust and considered that the new changes will put him, and his other two promoted colleagues, in front of a great challenge to continue the success that has enabled Chedid Re to rise and expand for over more than two decades.

He said: “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.”

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