Chedid Insurance Brokers

Name

Chedid Insurance Brokers

Legal name

Chedid Insurance Brokers Network

Website

https://chedid-insurance.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industries

Retail (Personal Lines) Insurance Brokerage (FSAEADAA), International Benefits Administration & Global Benefits Brokerage (BPACAHAG), Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD)

Keywords

• Insurance brokerage services
• General insurance products
• Employee benefits insurance
• Reinsurance brokerage
• Risk management advisory

Headquarters

HQ city

Baabda

HQ country

Lebanon

HQ region

Middle East

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Broking Commissions: Chedid Insurance Brokers earns revenue through commissions on insurance policies placed for clients across property, casualty, energy, marine, motor, aviation, employee benefits, and other insurance lines. The network acts as intermediary between insurance buyers and insurance/reinsurance carriers.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Chedid Insurance Brokers is an insurance brokerage network that intermediates between insurance buyers and insurance/reinsurance carriers across the Middle East, Africa, and select international markets. The company places a full range of general insurance and employee benefits products — including property, casualty, energy, marine, motor, aviation, group life, group medical, financial lines, and political risks — for corporate and enterprise clients through direct field sales teams in 12+ regional offices. It also serves high-net-worth individuals and family offices through its specialized ult. division.

Product overview

Chedid Insurance Brokers offers a comprehensive portfolio of General Insurance and Employee Benefits products as part of the Chedid Capital Group network. The product portfolio includes 14 core insurance product categories: Property & First Party Assets, Jewelers Block, Bankers Blanket Bond, Casualty, Engineering, Energy, Motor, Group Life, Group Medical, Aviation Hull & Liability, Marine, Financial Lines, Political Risks and Violence, and Travel & Accidents. Additionally, the company operates ult., a specialized division serving high-net-worth individuals (HNWIs) and family offices, which is complemented by ult.Society, a membership club for art enthusiasts. The network provides these products through offices in Beirut, Doha, Dubai, Istanbul, Jeddah, Khobar, Limassol, London, Port Louis, Riyadh, and Sharjah, leveraging relationships with regional and international insurance companies.

Differentiator

Problem solved

Functional benefit

Brands

• ult. Specialized insurance division dedicated to serving high-net-worth individuals and family offices, backed by over 25 years of experience.
• ult.society
• Compare 360

Products and services

• Property & First Party Assets Insurance coverage for physical property and first-party assets against damage, loss, or destruction, placed by Chedid Insurance Brokers for corporate and individual clients.
• Jewelers Block Specialized insurance coverage for jewelers, protecting inventory against theft, damage, and other risks, placed by Chedid Insurance Brokers.
• Bankers Blanket Bond Comprehensive bond insurance coverage for banks and financial institutions protecting against employee dishonesty, forgery, and other losses.
• Casualty Insurance Casualty insurance placement including Commercial General Liability (CGL), Third-Party Liability (TPL), Products Liability, Workmen Compensation, Employees Liability, Money, and Fidelity Guarantee coverage.
• Engineering Insurance Engineering and construction insurance covering risks during building projects, including contractor risks and machinery breakdown, placed by Chedid Insurance Brokers.
• Energy Insurance Insurance coverage for the energy sector including upstream and downstream operations, offshore and onshore facilities, placed by Chedid Insurance Brokers.
• Motor Insurance Vehicle insurance coverage for individuals and businesses, protecting against accidents, theft, and damage.
• Group Life Insurance Employee benefits insurance providing life coverage for groups, typically offered by employers to their workforce, placed by Chedid Insurance Brokers.
• Group Medical Insurance Employee health insurance coverage providing medical benefits for groups, including hospitalization and outpatient services, placed by Chedid Insurance Brokers.
• Aviation Hull & Liability Insurance Aviation insurance covering aircraft hull damage and liability coverage for aviation-related risks.
• Marine Insurance Marine insurance covering cargo, hull, liability, and specie (valuable items) during transportation.
• Financial Lines Insurance Financial risk insurance including bonds, professional indemnity, and Directors & Officers (D&O) liability coverage.
• Political Risks and Violence Insurance Coverage against political risks, terrorism, and violence that may affect businesses operating in volatile regions, placed by Chedid Insurance Brokers.
• Travel & Accidents Insurance Travel insurance and personal accident coverage for individuals traveling domestically or internationally, placed by Chedid Insurance Brokers.
• ult. HNWI Insurance Division Specialized insurance division dedicated to high-net-worth individuals (HNWIs) and family offices, offering bespoke coverage with emphasis on confidentiality. Backed by over 25 years of experience.
• ult.Society Membership Club A connecting club for art creators, enthusiasts, connoisseurs, and collectors associated with the ult. division, fostering culture and continuity for members through curation and community engagement.
• Compare 360 Insurance Aggregator Digital insurance aggregator platform launched in Lebanon in 2025, enabling consumers to compare insurance products as part of the group's digital transformation initiative.

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Compare 360minorStrategic or Co-development Partner · 1 January 2025Digital insurance aggregator launched in Lebanon in 2025 as part of Chedid Capital Group's digital transformation initiatives in the insurance aggregator space.
• Corporate Risk Management Institute (CRMI)minorStrategic or Co-development Partner · 1 January 2019Founded in 2019 through partnership with higher education councils and stakeholders, CRMI focuses on education and capacity building in Governance, Risk Management, Compliance and Insurance.
• EuribroncoreStrategic or Co-development Partner · 1 January 1994Founded in 1994 as a network of independent insurance brokers to help members extend international reach. Today the network has expanded from 6 European members to 34 company members located in 99 countries, delivering high performing insurance solutions and outstanding level of service.
• Assurex GlobalcoreStrategic or Co-development Partner · 1 January 1954Founded in 1954, Assurex Global is an exclusive partnership of the most prominent independent agents and brokers worldwide. With $30 billion in annual premium volume and more than 600 Partner offices, it is the world's largest privately held commercial insurance, risk management, and employee benefits brokerage group. Chedid Insurance Brokers is a member partner providing local expertise and global reach.
• WING (Worldwide Insurance Network Group)coreStrategic or Co-development PartnerA select panel of independent insurance brokers providing coordinated, integrated insurance and risk management solutions for global businesses. The partnership covers more than 55 countries with each WING broker dedicated to delivering coordinated services through expert specialist teams.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Marsh: Marsh is the world's largest insurance broker and a key competitor in MENA through Marsh Emirates, Marsh Qatar, and other regional offices. It competes head-to-head with Chedid for large enterprise and energy/marine placements across the Gulf and Levant.
• Aon: Aon is a global insurance and reinsurance broker with deep MENA presence (Aon UAE, Aon Saudi Arabia, Aon Egypt). It directly competes with Chedid in commercial lines, employee benefits, and reinsurance across the same corporate client base.
• Willis Towers Watson (WTW): WTW is a global advisory and brokerage firm with established Middle East operations targeting the same multinational and regional enterprise clients as Chedid across risk, broking, and human capital benefits lines.
• Arthur J. Gallagher & Co. Gallagher is a top-tier global insurance brokerage that has aggressively expanded in MENA through acquisitions. It is a direct competitor to Chedid in commercial property/casualty, employee benefits, and specialty lines for mid-to-large enterprise clients.
• Howden Group Holdings: Howden is one of the fastest-growing global insurance brokers, with significant MENA activity through acquisitions (e.g., Oasis, Acies). It competes with Chedid across specialty, reinsurance, and commercial lines in the Gulf and Levant.
• Lockton: Lockton is the world's largest privately held insurance brokerage, with growing Middle East operations. As another founder-led, privately owned broker with a global partnership model, it is a comparable organizational analog to Chedid and competes for mid-market and large enterprise accounts.

Regional players

• NAS (National General Insurance) – Insurance Brokers: NAS is one of the largest regional insurance brokers in the Middle East, operating across the UAE and broader MENA. It is a direct competitor to Chedid's UAE/Saudi operations in commercial and personal lines.
• Al Salhia Insurance Group: Al Salhia is a leading Kuwaiti insurance group offering brokerage, agency, and underwriting services across the Gulf. It is comparable to Chedid as a diversified regional insurance player operating in similar MENA geographies with multi-line offerings.
• Trust International Insurance and Reinsurance Company: Trust Re is a Bahrain-based reinsurer and broker serving MENA and emerging markets. It is comparable to Chedid Re as a regionally rooted reinsurance intermediary targeting similar cedant markets and treaty placements.

Emerging players

• InsuranceMarket.ae: InsuranceMarket.ae is a fast-growing UAE-based digital insurance aggregator. It is comparable to Chedid's Compare 360 as a regional digital-distribution entrant competing for retail insurance customers in the same MENA retail aggregator category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@chedidcapitalholding1457/videos
• Facebookfacebook.com/ChedidCapital
• LinkedInlinkedin.com/company/chedid-insurance-brokers
• Instagraminstagram.com/chedid.capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chedid Insurance Brokers