Riyadh - KSA: Chedid Re, a member of Chedid Capital Holding, announced the appointment of Mohammed AlSudairy as Deputy CEO of Chedid Re KSA, keeping pace with its strategy to expand its business and operations in the Kingdom.

Mohammed holds an Executive MBA from ESCP Business School Paris-France and a Bachelor of Science in Political Science from Endicott College, Beverly, Massachusetts. Before joining Chedid Re KSA in 2020, he completed many certifications and served in Saudi Re Treaty department and accomplished Training at Lloyds in the United Kingdom.  

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.”

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.”

Chedid Re, leading reinsurance broker, started business in the Kingdom of Saudi Arabia 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 Kingdom of Saudi Arabia, a move in line with the strategy and objectives, and which enabled the group to capitalize on Saudi Arabia's fast-growing insurance and reinsurance sectors.

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