What We Do
Management Services
The Coverholder is fully administered by Trust Re under a servicing contract which provides underwriting, claims management, reporting and infrastructure.
Trust Re is a reinsurance company based in the Kingdom of Bahrain. With authorised capital of US$ 500 million and issued and paid up capital of US$ 250 million, Trust Re earned its recognition as a solid and reliable security through its long term professional commitment to the Insurance & Reinsurance Industry. It writes both life and non-life business on a Facultative & Treaty basis with a wide scope of geographical operation that includes: Africa, Asia, Russia, the Former Soviet Union (FSU) countries and the Middle East and North Africa (MENA) Region.
Underwriting
Energy
Onshore:
- Oil & Gas refineries
- Petrochemical Plants
- Pipelines
- Terminals
- Construction
- Operators Extra Expenses
Offshore:
- Platforms
- Drilling Units
- Operators Extra Expenses
- Construction
Underwriting Capacity
Energy Onshore: up to US$ 75 million
Energy Offshore: up to US$ 75 millionAlternative Energy
We provide cover for Facultative Risks in the following subsections of green energy:
- Biofuel / Biomass Energy
- Geothermal Energy
- Hydro-electric Energy
- Wind Energy (Onshore/Offshore)
- Waste to Energy
- Fuel Cell Energy
- Solar PV (Onshore/Offshore) and solar CST Energy
More specifically, the following coverages are provided:
- Construction/Erection all risks
- Marine and/or inland transit
- Physical loss and/or damage
- General third party liability
Operational
- Physical loss or damage
- Business interruption/contingent business interruption
- General third party liability
Underwriting Capacity
Alternative Energy: up to US$ 75 million
Property
We provide property and business interruption insurance for a huge range of industries which includes manufacturing, food, distribution, technology and transport.
- Chemical
- Commercial
- Fertilisers
- Food
- Industrial
- Manufacturing
- Power/Construction
- Residential
- Technology
- Transport
Underwriting Capacity
Property: up to US$ 75 million
Specialty and Affinity Lines
Our Specialty line consists of the following products:Political Violence (PV):
- Terrorism Political Violence ( S&T, SRCC, MD, War & allied perils)
- Event cancellation related to terrorism or full political violence
- Political Violence/Terrorism related liabilities
- Political risk (CEND)
Cyber Liability:
- Data Breach Incident response costs
- Network Security, Privacy and Data Breach Liability
- Regulatory Liability
- Payment Card Industry (PCI) fines and assessments
- Data Restoration
- Cyber Extortion
- Media Liability
Underwriting Capacity
Political Violence: up to US$ 15 million
Cyber: up to US$ 10 million
- Our Affinity products cover:
- Auto Warranty
- Guaranteed Asset Protection (GAP)
- Brown & White Goods
- Affinity Packages
