Chedid Re opens subsidiary in Saudi Arabia

Chedid Re, a reinsurance broker in the Mena region, has established a new subsidiary in Saudi Arabia to capitalise on the kingdom's fast-growing insurance sector, which has been witnessing significant growth in recent years.

Saudi Arabia has the distinction of being one of the largest insurance markets in the region. With the country's population projected to reach 45 million by 2020, the demand for insurance products is expected to escalate.

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