Bahrain-based Trust International Insurance & Reinsurance has appointed Talal Al Zain as its new Group CEO.
Al Zain’s regional and international experience includes his having held senior executive positions in the field of banking and investment in the US, Europe and the MENA region. He was the founder and director of Jisr Capital and served as CEO of PineBridge Investment Middle East and co-head of Alternative Investments at PineBridge Investments.
Prior to that, he was vice-president of Private Banking International and Head of Investment Banking Middle East and Pakistan with Chase Manhattan Bank. He was also a member of Citibank Banking Group.
Al Zain replaces outgoing CEO Fadi Abunahl, who led Trust Re for 12 years and has been with the group for over 20 years.
Trust Re is a reinsurance company headquartered in Bahrain, with branches in Malaysia and Cyprus, as well as a representative office in Morocco. It has authorised capital of USD 500 million and issued and paid-up capital of USD 250 million. The company writes both life and non-life business on a Facultative & Treaty basis with a wide scope of geographical operation including Africa, Asia, Russia, CIS countries and the MENA region.