Trust Re has increased its capital to 200 million USD

Trust Re has increased its capital by 30 million USD. With a year ahead on the planned calendar, it reached the maximum authorized capital, that is 200 million USD.

According to Fadi AbuNahl, CEO of Trust Re, the capital increase is in accordance with the reinsurer's development strategy.
It " will reinforce Trust Re’s future growth and allow the Company to continue expanding profitably”.

As a reminder, the doubling plan of Trust Re capital, from 100 million USD to 200 million USD was decided on March 2013 and was scheduled for a 3-year period.