TRUST Re appoints Labuan Branch General Manager

22 June 2017 — Vlad BOLDIJAR
Kevin_QuekTRUST Re has announced the appointment of Mr. Kevin QUEK as General Manager for its Labuan Licensed Branch Office.

Kevin QUEK will be leading and managing all activities of the growing and experienced team in the branch to ensure consistent delivery of services across all TRUST Re's Regional Centres, in line with its strategic direction and in compliance with regulatory and company standards.

A Singaporean national and holder of a Bachelor's degree in Economics (Business Finance), Kevin QUEK is a highly motivated professional with 25 years of experience in the field of insurance and reinsurance. His career began in Underwriting with Munich Re in 1992.

Prior to joining TRUST Re, Kevin QUEK was Head of Asia Pacific Specialty at Endurance for 8 years, preceded by a similar length term at XL Catlin in the capacity of Senior Underwriter.

Furthermore, Kevin QUEK has proven skills in leading teams to realise their full potential.

Commenting on this new appointment, Mr. Kamal TABAJA, Group Chief Operating Officer said "On behalf of TRUST Re's Executive Council, I am very pleased to welcome Kevin to our team. With his extensive experience in the Asian markets, we are confident that he will bring further added value by leading our dynamic operation and team as we seek further penetration of our brand in Asia. "

Mr. Thommy THOMAS, Labuan Branch CEO commented "The Labuan Branch welcomes Kevin on board; this further strengthens our regional expertise and commitment to be the Reinsurer of Choice for our Asian-based partners".

On his new appointment, Kevin QUEK said: "I am delighted to join TRUST Re to lead the team in Malaysia. I look forward to building on its strong franchise and its unique position in the Asian market".

Note: Labuan, officially the Federal Territory of Labuan, is a federal territory of Malaysia. It is made up of the eponymous Labuan Island and six smaller islands, and is located off the coast of the state of Sabah in East Malaysia. Labuan's capital is Victoria and is best known as an offshore financial centre offering international financial and business services via Labuan IBFC since 1990 as well as being an offshore support hub for deepwater oil and gas activities in the region.

TRUST Re (Trust International Insurance and Reinsurance Company) is a closed joint stock company registered in the Kingdom of Bahrain, with authorised capital of USD 500 million, and issued and paid-up capital of USD 250 million.

TRUST Re comprises over 270 employees located in our Bahrain Head Office and Branch Offices in Cyprus and Labuan, Malaysia. At the same time, TRUST Re also has a Representative Office in Morocco, and a Liaison Office in India.

Rated "A-" by S&P and A.M. Best, TRUST Re geographical scope includes the Middle East, Africa, Asia, CEE, SEE, Russia and CIS countries.

TRUST Re achieved Gross Written Premium of USD 230.8 million in Q1 2017, up 32.6% from USD 174.0 million one year ago. Net Profit rose by 5.9% to USD 9.0 million (Q1 2016: USD 8.5 million).

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