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Trust Re net profit doubles in 2015Bahrain-based Trust Re, a leading reinsurance company, posted profits of $30.8 million in 2015, as against $15.4 million in the year before, marking an increase of 100 per cent. The company attributed the profit to very strong non More… |
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New India Assurance to open reinsurance desk in DubaiThe New India Assurance Company (NIA), a pioneer in the UAE insurance industry, is set to open a reinsurance desk at its Dubai International Financial Centre (DIFC) office to enhance its presence in the segment in the region. &nbs More… |
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Overcapacity weighing down Mena insurersThe influx of reinsurance capacity in the Mena region and the prevailing competitive market conditions has begun to place pressure on the technical performance of regional reinsurers, a report said. The low level of insurance pene More… |
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Takeovers likely to continue in insurance sectorMerger and takeover activity is likely to continue in the coming months as (re)insurers increasingly seek ways to deploy capital and create scale against a backdrop of ongoing soft market conditions and weak investment returns, a report said. More… |
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Trust Re Q1 net profit up 10pc to hit $8.7mTrust Re, a reinsurance company based in Bahrain, reported profits of $ 8.7 million during the first quarter (Q1) of the year, up 10.1 per cent year-on-year from $ 7.9 million achieved in Q1 2014. Gross Written Premium reached $20 More… |
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Trust Re paid-up capital reaches $200mTrust Re, a leading reinsurance company based in Bahrain, announced that its authorised, issued and paid-up capital now stands at $200 million. Its shareholders have released the final part, $30 million, of a plan to double the au More… |
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Trust Re logs 13.7pc growth in 2014 premiumTrust Re, a reinsurance company based in Bahrain achieved gross written premium of $452.6 million during the financial year 2014, as against $398 million in the previous year, marking a growth of 13.7 per cent. The Group’s p More… |
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Mena reinsurance markets stay on growth trackGrowing insurance premiums and a relatively low exposure to natural perils are the main attractions which are driving the unabated growth of Mena reinsurance markets, a report said. Fierce competition, intense pricing pressure and More… |
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Islamic trade finance fuels GCC reinsurance demandThe spread of Islamic trade finance is boosting demand for sharia-compliant reinsurance in the Gulf, trade credit insurer Euler Hermes says, predicting the sector could eventually account for over a third of its business in the region. More… |
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London's XL launches reinsurance ops in MenaUK-based XL Group's reinsurance segment has announced the establishment of new operations in Dubai to serve the Mena market and act as a regional hub for the business. Further, XL Group has announced the appointments of Mohama More… |
