Which are the current objectives of TRUST Re regarding the Romanian market?

14 May 2015 — Andreea RADU
TRUST Re is committed to being an added value business partner in the Romanian insurance market with high financial security which allow us to provide strong capacity covering a wide range of underwriting classes and reinsurance types, Sinisa LOVRINCEVIC, Branch General Manager of TRUST Re, said.

"Main objectives is bringing added value, achieving sound up - date understanding of clients' needs and delivering our promises on time request. We are continuously growing our geographical presence in the market with regular meetings, active participation on conferences, workshops, offering tailor made training. Driven by our values, TRUST, Dynamic and Team Spirit, we believe in our vision to be long term 'The reinsurer of choice' for the Romanian market", Sinisa LOVRINCEVIC added.

TRUST Re, rated "A-" by S&P and A.M. Best, with Stable Outlook, paid up capital of 200 million USD, strong balance sheet and multi cultural well educated and experienced human capital, is looking forward for continuity of its mission, "providing innovative support and solutions and prompt responses, always."

"Efficient deployment of reinsurance capital followed by surplus capacity, maintaining underwriting disciplines and risk tolerance are the main challenges for the reinsurance market in 2015.
The main reasons for these challenges are: tougher terms and conditions following by strong competition activity, increased frequency and severity of extreme Natural Catastrophe events, increased geopolitical risks, oil price drop resulting in slow down/cancellation of infrastructure projects and low investment yields", Sinisa LOVRINCEVIC said.

"Our geographical scope includes the Middle East, Africa, and Asia, CEE, SEE and CIS countries. We provide reinsurance protection to business partners in the form of annual Treaties on proportional and non-proportional bases with a sizable underwriting capacity. We offer Facultative reinsurance in the following classes: Oil & Energy (offshore and onshore), Marine Hull & Cargo, Alternative Energy, Property, Engineering and Specialty Lines. Our product offering has recently been expanded to include Life and Health reinsurance", the official of TRUST Re explained.

TRUST Re is Partner of FIAR - International Forum Insurance-Reinsurance, which takes place in Brasov, at Hotel Aro, between 17th and 21st of May 2015. More details about FIAR's program and conferences are available on the event's website www.fiar.ro.

1753 views
Share |