Trust Re H1 profits fall on large claims

Group profits at Bahrain-headquartered reinsurer Trust Re fell
5.3 percent to $12.5mn for the first half, following a higher
frequency of large claims.
The combined ratio for the six months to 30 June increased by
4.7 points to 98.3 percent.
Trust Re noted that a "strong" investment result had
counteracted the deterioration in the underwriting result.Group gross written premiums jumped by 26 percent to $366.7mn for
the half.
CEO and director Fadi AbuNahl said: "Despite operating in a
challenging