Welcome to Trust Re

Proudly rooted in the Kingdom of Bahrain since 1981, Trust International Insurance and Reinsurance Company B.S.C. (c) 'Trust Re' is a closed joint stock company delivering reliable and forward-looking reinsurance solutions across our markets. Registered in the Kingdom of Bahrain with Commercial Registration Number 11503/July 1981, Trust Re has an authorized capital of US$ 500 million and an issued and paid-up capital of US$ 250 million. We are regulated by the Central Bank of Bahrain as a locally incorporated reinsurance firm (License Number LII/023), operating with integrity, resilience, and a long-standing commitment to excellence. From our base in Bahrain, we provide significant reinsurance capacity to leading direct insurance companies across the Middle East, Africa, Asia, CEE, SEE, and CIS regions. Our offerings include proportional and non-proportional annual treaties, as well as facultative protection across a wide range of business classes—such as Alternative Energy, Property, Power, Affinity, Oil & Energy, Travel, and Life & Health. Our over four decades of presence in Bahrain reflect not only our enduring financial strength and operational stability but also our deep connection to the region and our dedication to supporting the evolving needs of our clients worldwide.

Operations

At Trust Re, we pride ourselves on our highly qualified team of underwriters who bring extensive expertise to both Facultative and Treaty underwriting. Our specialists are committed to delivering tailored reinsurance solutions that address the diverse needs of our clients across various sectors. Whether it's proportional or non-proportional treaties or facultative coverage for complex risks such as energy, property, life & health, and specialty lines, our team ensures precision, reliability, and value at every step.

Explore our range of services and discover how we can support your business

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Alternative Energy
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Engineering
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Property
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Energy
Affinity & Specialty Lines
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Life & Health
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Alternative Energy

Engineering

Property

Energy

Affinity & Specialty Lines

Life & Health

Reinsurance Solutions We Offer

At Trust Re, we provide a comprehensive range of reinsurance solutions that cater to various industries. Our offerings include both treaty and facultative reinsurance across multiple classes such as Energy, Property, Alternative energy, and more.

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Yassir Albaharna

Group Chief Executive Officer
With a renowned international profile and an extensive marketing network, Yassir brings over 36 years of in-depth experience in the reinsurance industry. He previously served as CEO of one of the leading reinsurance organizations in the Arab world and has held the position of Vice Chairman at Trust Re since 2019. Since January 2024, he has also been appointed as an Engagement Board Member (International) at the Chartered Insurance Institute (CII) for a term of three years.

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Kamal Tabaja

Chief Operating Officer
Kamal studied the Executive Management Program at the prestigious INSEAD Business School and is a Fellow of the Chartered Insurance Institute (FCII), UK. He began his career as a Systems Engineer and has since accumulated over two decades of experience in the insurance and reinsurance industry. Kamal has been with Trust Re since 2002, where he has held various underwriting roles and led the development of multiple business segments.

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Mohsin Altaf

Chief Finance Officer
Mohsin, a qualified Chartered Accountant, joined Trust Re in 2018, bringing extensive experience in financial management within the insurance industry and a solid understanding of related regulations. Prior to joining Trust Re, he was part of the management teams at several internationally renowned insurance and reinsurance organizations, including ACR and AXA. In these roles, his responsibilities spanned capital management, corporate restructuring, financial reporting, planning and analysis, as well as treasury functions.

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Nabil Hajjar

Member of the Executive Team MD FAIR Oil & Energy Insurance Syndicate
During his 40-year career, Nabil has held senior positions in several reputable insurance & reinsurance companies across the UAE, USA, Cyprus, and Bahrain. He has attended various specialized courses, including on-the-job training in London, Munich, Berlin, and Zurich with international firms like Munich Re, Allianz, and Swiss Re.

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Abdallah Noureddine

Head of IT
Abdallah has more than 20 years of experience in information and communication technology. He has managed diverse multidisciplinary ICT projects and programmes and holds an M.Sc. from a leading American university.

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Ashraf Ibrahim

Head of Legal
Ashraf has worked as a lawyer, legal Consultant, Corporate Board Secretary and Arbitrator for several companies specialised in the fields of commercial trading and real estate since 1993. His experience in the laws of various Middle Eastern countries including the GCC spans more than 26 years. Since 2011, he has been working with Trust Re as Head of Legal Department

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Hussain Al Salman

Head of Investment
With Trust Re since 2011, Hussain has over 15 years of experience in Investments and Portfolio Management. Before joining Trust Re, Hussain held various positions in different financial institutions, including Arab Insurance Group.

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Muhamad Nizam Shaidon

Compliance Officer & MLRO
With Trust Re since May 2015, Nizam is a Certified Anti-Money Laundering Specialist (CAMS) and Certified Global Sanctions Specialist (CGSS). He has more than 15 years’ experience in the Financial Services Industry, primarily in Regulatory and Financial Crime Compliance.

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Faisal Alawi

Head of Claims
Faisal has been part of the Trust Re team since 2008, accumulating over 15 years of expertise in managing Facultative and Treaty claims across diverse lines of business. Holding a degree in Mathematics from the University of Bahrain, he further fortified his skill set with a certificate in Accounting Technicians (QCF) and an Insurance Advanced Diploma from BIBF. Faisal has also undertaken various specialized courses, enhancing his proficiency in the intricate landscape of the industry.

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Wasif Abrar

Head of Finance
Wasif, a qualified Chartered Accountant with over 18 years of experience, oversees the finance function at Trust Re, managing accounting, financial reporting, regulatory compliance, and taxation. He joined the company in 2016 and serves on the Board of Trust Insurance Management, a wholly owned subsidiary of Trust Re, specializing in MGA services.

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Hemant Nambiar

Head of Technical Accounts & Credit Control
Hemant has been in the re/insurance industry for the past 30 years. Before joining Trust Re 18 years ago, he worked with an insurance company and leading reinsurance broker in India. He holds the ACII (UK) qualification and is a Fellow of the Insurance Institute of India.

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Adeel Ul Haq

Head of Financial Planning & Analysis
Adeel is a financial services professional with 15 years of expertise in banking and reinsurance, focusing on risk management and finance. Adeel is a FCCA, CFA Charterholder, and Holds a Master’s degree from the University of London. Adeel has been part of Trust Re since 2016, showcasing his commitment to excellence and specialized knowledge.

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Samir El Mouaffek

Head of Treaty & Retrocession
Samir’s areas of expertise comprise treaty underwriting (all classes of business), business development, accounts handling, O/S losses and commutations, pro-rata and XL treaties pricing.
Previously, Samir was Regional Director & Senior Underwriter-Treaty at Trust Re, in charge of marketing and underwriting Treaty reinsurance business from Africa and Levant Regions.

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Ahmed Al Mahmeed

Head of Operations
Ahmed is Head of Operations at FAIR Oil & Energy Insurance Syndicate, an independent entity managed by Trust Re. As an Associate of the Chartered Insurance Institute (ACII), Ahmed brings a wealth of knowledge and expertise to his role, demonstrating a commitment to maintaining high professional standards. Ahmed holds a Bachelor of Science in Engineering, providing him with a unique blend of technical and managerial skills. His journey in the reinsurance sector began in 2010 when he joined.

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Mohamed Salman

Head Of Facultative Underwriting
Leading the Facultative lines of business at Trust Re is Mohamed, an Associate of the Chartered Insurance Institute. Armed with a Masters in Business Administration with a specialization in Finance, Mohamed boasts over 20 years of invaluable experience in the dynamic field of insurance/ reinsurance.

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Ali Mohsen

Head of Personal Lines
With Trust Re since 2017, Ali has over 15 years of experience in establishing and managing operations related to Affinity products and extended warranties. His professional background extends to academia – he was Senior Lecturer at BIBF’s Center of Insurance for a period of 8 years.

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Philippos Mannaris

Chairman (Independent Non-Executive Director)
Philippos is a First-Class Honours graduate in Actuarial Studies from the London School of Economics and Political Science. He is a qualified actuary and a member of the Association of Actuaries of Cyprus and the UK. Since 2003, he has been with Aon Hewitt and is currently Partner of Aon’s Global Retirement & Investments Practice. His experience working with GCC clients spans almost 20 years.

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Prof. Chris Parsons

Vice Chairman (Independent Non-Executive Director)
A full Professor in Insurance at Cass Business School, City University of London, Chris Parsons has engaged continuously with the insurance industry for more than 40 years as a practitioner, researcher, consultant and writer. He has delivered consultancy services and training courses in the UK and around 30 other countries.

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Khadijah Binti Abdullah

Independent Non-Executive Director
Currently Director of the Financial Education Network at Bank Negara Malaysia, Khadijah has a strong track record in leadership, transforming teams and organisational culture. Her experience in Education and Training is vast. Previous appointments include CEO of the Performance and Delivery Unit (PADU) at the Ministry of Education in Malaysia and CEO of the Malaysian Insurance Institute (MII).

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Lakhdar Moussi

Independent Non-Executive Director
Lakhdar’s career spans 45 years in executive management positions in various sectors including Audit, Banking, Manufacturing, Contracting and Insurance in Canada, Europe and the GCC. In his capacity as consultant and executive manager, he has spent more than 25 years involved in strategy and business development initiatives in the insurance industry.

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