Trust Re profits drop 40% in 2016

Profits at Bahrain-headquartered reinsurer Trust Re fell 38.9
percent in 2016 to $18.8mn as a result of a lower investment
income.
The company did not disclose detail on the investment return
figure, but explained that it had benefited from a one-off gain on
the sale of shares in 2015 which was not replicated the following
year.
The combined ratio rose by 1.1 percentage points to 95.1 percent
for the full year. Net underwriting profit dropped 19.0 percent to
$12.4mn, which...