The purpose of this financial holding is to invest in the insurance and reinsurance sectors and to support the development of its subsidiaries on the three continents where they operate.
The group is present in Europe, Middle East; Africa and South Asia (EMEASA).
Its subsidiary Chedid Re, a Lloyd’s official broker, is one of the 20 largest reinsurance brokers in the world.
In February 2021, Chedid Capital acquired 80% stake in Groupe ASCOMA. ASCOMA & Chedid Insurance Brokers are now the leading insurance brokers network in Africa and the Middle East.