Bahrain-based Trust International Insurance and Reinsurance Company (Trust Re) has announced the opening of the Trust Re Liaison Office in Bangalore, India.

The office, which is officially referred to as Trust Re Liaison Office India, has the sole purpose of undertaking liaison activities; in other words it acts as a communication channel between the company’s head office in Bahrain and business partners in India, including brokers, said a report in the Gulf Daily News (GDN), our sister publication.

The company said establishing a physical presence in India is expected to further improve strategic positioning and value proposition, as well as allowing it to be closer to one of its most important markets and facilitating an increase in business volume.

Moreover, Trust Re will promote technical and financial collaboration between itself and clients.

The company also plans to promote its value-added services, as exemplified by its risk engineering services, in India.

In a statement, Trust Re chief executive Fadi AbuNahl said the company was looking forward to being an integral part of one of the fastest growing economies and would consider opening a branch in India in the future. - TradeArabia News Service