Chedid Capital Holding (CCH), a Lebanese insurance and reinsurance broker, acquired 50% of City Brokers Ltd, (CBL), an insurance brokerage company based in Mauritius.
This acquisition is part of the company’s expansion plan that includes 5 new countries in Europe and the MENA region by 2017.
CBL is the largest insurance broking organization in Mauritius, established in 1986. It provides consulting services to over 3,000 clients, including major corporate clients. Its services reach out to Reunion, Seychelles, Madagascar, Mozambique, Tanzania and Maldives. CBL’s expertise extends to all classes of insurances from General & Accident Insurances to Marine, Motor and Health. CBL also provides advice on Pension and Life assurances.
CCH is a multi-awarded regional leader in the insurance and reinsurance brokerage industry. CCH manages insurance and reinsurance companies in 9 countries across Europe, the Middle East, and Africa. It has extended its scope to more than 35 countries over 3 continents.
Chedid Capital Holding Companies
| Aim | Country | |
| Chedid Corporate Dolutions LLP | Provides end-to-end consultancy services to entities in the insurance sector with specific focus on life and health insurance | Lebanon |
| SEIB Insurance and Reinsurance Company LLC | Provides high quality insurance products and services for corporations and individuals | Qatar |
| Chedid RE | Services a growing demand for a reliable, innovative and professional reinsurance broker in the MENA | UAE, Cyprus, KSA, Lebanon |
| Chedid & Associates | offers a full range of General Insurance and Employee Benefits products | Qatar, UAE, KSA |
Source: Company Website