Magazine date:
Oct 2014 The Trust Re paid-up capital has been increased by 21.4% at 170 million USD, according to a release published by the company.
The Bahraini reinsurer, whose the authorized capital has been 200 million USD since June 2013, follows its Risk Committee's recommandations advocating to proceed to those increases in accordance with internal capital model projections.
According to Fadi AbuNahl, CEO of Trust Re, this change in the capital, in line with the company's strategy and risk tolerance, will contribute to enhance the reinsurer's profitability.
Note that Trust Re employs 230 persons in its offices in Bahrain, Cyprus, Labuan and Morocco.