Trust Re exits fac aviation and liability lines; shutters Labuan and Morocco hubsBahraini reinsurer Trust Re will cease underwriting from its Labuan and Morocco branch offices and exit both facultative aviation and liability lines of business.
Trust Re forms executive committeeBahraini reinsurer Trust Re, which earlier this year published its long-delayed 2017 results and appointed a new CEO, has announced an executive committee in an effort to improve transparency and accountability.
Talal Al Zain: the man rebuilding Trust…Following more than a year of negative press regarding Bahraini carrier Trust Re, The Insurer meets its newly appointed CEO Talal Al Zain, a man with ambitious plans for rebuilding Trust in more ways than one…
Bahrain market falters as competitors gain momentum: AM BestBahrain’s status as the regional (re)insurance hub in the Middle East is showing signs of waning as other countries in the region launch innovative risk-based regimes and the jurisdiction fails to attract investors, according to AM Best.
Trust Re submits delayed 2017 accounts to regulatorAiling carrier Trust Re has finally filed its long-delayed 2017 financial results to its domestic regulator, the Bank of Bahrain, The Insurer understands.
AM Best withdraws Trust Re ratingsIn the latest setback for Trust Re, AM Best has withdrawn the financial strength rating and long-term issuer credit rating of the Bahrain-based (re)insurer over its continued failure to disclose its audited 2017 financial statements.
Trust Re owner now hit by Moody’s rating downgradeMoody’s has downgraded the ratings of Jersey, Channel Islands-based Nest Investments Holdings (NIH) on the back of its reinsurance subsidiary Trust Re’s continuing failure to publish audited 2017 financial results.
Trust Re downgrade the latest in shifting sands for Middle Eastern carriersTrust Re’s downgrade this week below the critical AM Best A- threshold is the latest setback for Middle Eastern carriers in 2018. Re-Insurance tracks all the developments…