S & P grants Trust Re the rating BBB+

The rating pertaining to the financial soundness of the non life reinsurance group, Trust Re, has been raised from BBB to BBB+, with stable outlook. S&P highlighted the group’s solid capitalization, excellent results and competitive position on the markets.
Despite its relatively small size, by the market’s standards, Trust Re is well-established in the Middle East. The company has quickly grown in Asia and Africa.