Trust Re
DATE OF CREATION: 1989, Bahrain | |
CLASSES OF BUSINESS: Non life | |
MAIN UNDERWRITING REGIONS: Africa, Asia, Middle East and Europe | |
CONTACT:Head office: Trust Tower Building 125 Road 1702 Diplomatic Area 317 Manama P.O. Box:10002, Bahrain | |
Tel: +97 3 17 517 171 | |
Fax: +97 3 17 531 586 | |
Email: mail [at] trustre [dot] com | |
Website: www.trustre.com |
Trust Re: Main indicators
in USD2017 | 2018 | ||
Turnover | 533 397 000 | 458 789 000 | |
Shareholder’s equity | 452 287 000 | 384 939 000 | |
Net result | 5 395 000 | -48 884 000 |
Trust Re: Technical ratios
2017 | 2018 | |
Loss ratio | 69% | 73% |
Management expenses ratio | 33.8% | 27.4% |
Combined ratio | 102.8% | 100.4% |
Trust Re: Capital and shareholding
Shareholders | In % |
Netinvestsments (Holdings) | 99.11% |
Ghazi Kamel Abunahl | 0.89% |
Trust Re: Management
Kamel AbuNahl | Chairman of the board |
Tala Al Zain | Chief executive officer (CEO) |
Kamal Tabaja | Chief operating officer (COO) |
Mohsin Altaf | Chief finance officer (CFO) |
Marios Argyrou | Chief risk officer |
Trust Re: Regional structure
Limassol | Cyprus |
Kuala Lumpur | Malaysia |
Casablanca | Morocco |
Bangalore | India |
This portrait refers to the years 2017 and 2018 only. In 2019, Trust Re, on the orders of the supervisory authorities, began a complete overhaul of its governance structures and modes.
Read also | Insurance companies in Bahrain
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