Chedid Re Signs Five Year Deal With JBA Risk Management

Swiss Re has estimated total reinsurance industry losses of US$95bn from the three 2017 hurricanes; Harvey, Irma and Maria - By NOAA/CIR [Public domain], via Wikimedia Commons

Reinsurance broker Chedid Re has signed a five-year partnership with JBA Risk Management to use the flood specialist’s global flood model. The new capability 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, a company of Chedid Capital, and a Lloyd’s broker since 2015 has offices in Abidjan, Beirut, Casablanca, Dubai, Limassol, London, and Riyadh. It is one of the top 20 reinsurance brokers in the world and its 300 plus employees manage a diverse portfolio across facultative and treaty reinsurance. The broker will access the global flood model via its existing relationship with Nasdaq Risk Modelling for Catastrophes.

Nikki Pilgrim, Technical Director at JBA Risk Management commented: “At JBA we see increasing demand from clients across the world to be able to understand their exposure to flood risk in a drive to develop robust risk management and mitigation approaches. The Chedid Re partnership is another recognition of JBA’s global flood modelling capability that not only covers the model gaps but also allows adjustment and customisation to include client-relevant views of risk”

Elie Abi Rached, Chief Executive Officer of Chedid Re in the Kingdom of Saudi Arabia, commented. “As one of the world’s top 20 reinsurance brokers we are constantly looking for ways to support our diverse client base. This latest investment will ensure that our clients are able to fully understand their flood exposure, wherever they operate in the world, and to develop appropriate risk management and mitigation strategies”

About alastair walker 11432 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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