Trust Re receives $50mn capital boost

Bahrain-based reinsurer Trust Re has received a $50mn capital
injection as it expands its emerging market operations.
Group chief executive Fadi Abu Nahl said today that the company
was looking to expand, either by setting up new operations around
the world or through acquisitions.
Trust Re said its issued and paid up capital allocation had
increased from $200mn to $250mn, and that its authorised capital
level - the ceiling on potential investment - had increased from
$200mn to $500mn.
Trust...