Trust Re increases capital

On the lookout for acquisitions and new markets to enter, this regional reinsurer has upped its available capital

Trust Re increases capital

Insurance News

By Jordan Lynn

Regional reinsurer Trust Re has announced that it has increased its authorised, issued and paid-up capital in a bid to support its growth aims.

The firm has upped its level of authorised capital from US$200 million to US$500 million and increased its issued and paid-up capital from US$200 million to US$250 million.

Based in the Kingdom of Bahrain, and with offices in Malaysia and Cyprus, a representative office in Morocco and a liaison office in India, the funding boost will be used to expand operations through acquisitions or establishing a physical presence in other countries, Fadi AbuNahl, Group CEO of Trust Re confirmed.

“It is always our aim to pursue diversified growth and expand our service offering to clients; ensuring their security is a mainstay of our strategy,” AbuNahl said.

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