Chedid Capital Expands Global Reach with Trilogy MGA Acquisition
The acquisition highlights Chedid's expanding global presence in insurance and reinsurance.
Chedid Capital, a significant player in insurance and reinsurance, has bolstered its international presence with the acquisition of Trilogy Managing General Agents Limited (Trilogy MGA) in London. This move by its subsidiary, Chedid Europe Insurance & Reinsurance Brokerage Limited, underscores the group's commitment to growing its foothold in the United Kingdom and worldwide.
Trilogy MGA, founded in 2013, is a managing general agent and Lloyd's coverholder, offering underwriting services across various insurance classes. It operates under the oversight of the UK's Financial Conduct Authority (FCA) and will soon adopt the name "Milestone Risk Solutions Ltd."
Farid Chedid, Chairman & Group CEO of Chedid Capital, emphasized the significance of this expansion for the group, stating, "This acquisition strengthens our international presence in the London market, aligning us more closely with our global clientele and supporting our strategic expansion across continents. It broadens our market reach and enhances our capabilities to meet the evolving needs of our diverse clients."
The acquisition represents a vital milestone in Chedid Capital's growth strategy, especially in London, a hub for global insurance and reinsurance. It underscores the company's commitment to serving clients on a broader scale.
Christopher Harman, Chairman of Resolution Underwriting Holdings, expressed satisfaction with the transaction, noting, "This acquisition signifies a significant step for Trilogy and Chedid Capital's expansion in the London market."
As a financial holding company, Chedid Capital is a prominent investment group in the insurance and reinsurance sectors, operating across Europe, the Middle East, Africa, and South Asia. Its subsidiary, Chedid Re, ranks among the top 20 reinsurance brokers globally.
This acquisition solidifies Chedid Capital's presence in the London market and enhances its capacity to provide comprehensive insurance solutions to a global clientele.