News Middle East18 Sep 2019

Bahrain:Trust Re strengthens its executive management team

18 Sep 2019

Bahrain headquartered regional reinsurance company Trust Re has announced the strengthening of its executive management team, thus forming its new executive committee.

The reinsurer says in a statement that the nominations have been approved by the Central Bank of Bahrain. Strengthening the management is part of Trust Re’s strategic commitment to drive growth and value for clients and stakeholders.

Led by Group CEO Talal Al Zain, the executive committee includes Group COO Kamal Tabaja, who has had a notable career at Trust Re for almost 20 years; two recent internal appointees namely Mohsin Altaf as new Group CFO and Marios Argyrou as new Group CRO; Hasan Al-Mudaifa (Head of Compliance & MLRO) and Ashraf Ibrahim (Head of Legal).

Their nominations reflect Trust Re’s acceleration towards greater transparency and improved corporate governance.

Mohsin, a qualified chartered accountant, joined Trust Re in 2018, bringing with him valuable experience in financial management of the insurance industry and sound knowledge of related regulations. He has been part of the management teams of various internationally renowned insurance and reinsurance organisations.

Marios, a London School of Economics and Political Science graduate, a UK risk and US actuarial qualified professional has 20 years’ international experience in insurance, reinsurance and captives sectors.

With Trust Re since September 2017, Hasan is a Certified Anti Money Laundering Specialist (CAMS). He has almost 20 years of work experience in the GCC financial sector, most of which were spent in regulatory and financial crime compliance.

Ashraf has been working with Trust Re as head of legal since 2011. He boasts a successful legal career of more than 26 years with experience in various Middle Eastern countries and is specialised in the fields of commercial trading and real estate.

Commenting on the executive management team strengthening, Mr Al Zain said, “These appointments reflect our commitment to the highest levels of corporate governance. The cross-functional nature of our executive management improves our transparency and accountability which are crucial to ensure that we continue to operate efficiently and mitigate risk.”

He added, “I am fully confident that our dynamic and capable team has all the requisite credentials to deliver on strategic objectives and to provide value for our clients and stakeholders”.

Trust Re is a reinsurance company based in the Bahrain with branches in Cyprus, Labuan (Malaysia) and Morocco, and a liaison office in India. With authorised capital of $500m and issued and paid up capital of $250m, Trust Re writes both life and non-life business on a facultative & treaty basis with a wide geographical scope of operations that includes Africa, Asia, Russia, CIS countries and the Middle East and North Africa region.


 

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