Trust Yemen
Trust Yemen Insurance & Reinsurance Co., a Yemeni shareholding company and a member of Trust International Group of Insurance Companies, established in 1995 with an authorized and paid up capital of YR. 400 Million. It has established a strong foothold in Yemen emerging and high potential market, capturing nowadays substantial market share. Its reputation is based on its:
- International Network of affiliated and subsidiaries of Trust Group.
- Ability to provide a cost-effective covers in respect of all classes of insurance.
- Prompt and efficient handling of claims.
- Qualified Management & Personnel.
- Personalized high level of service to its clients.
- International Reinsurance backing.
The introduction of Trust Yemen was not merely to provide another conventional competitor in the market, but to assist with the development of the local industry through the provision of unique insurance service and technical support to untapped and unexploited areas of demand.
Since its inception, Trust Yemen has focused on the rich and developing market of energy. Trust Yemen is handling many major oil exploration and production companies’ packages in Yemen.
Though its connectivity with its Group’s network of Companies. Trust Yemen has been able to offer undifferentiated insurance coverage and risk management services to many of the leading Oil & Gas Corporations in Yemen. Besides, Trust Yemen attracted other major clients conducting different kinds of business e.g. Hotels, Banks, Contracting & Trading companies and Oil related services Companies, etc.
The primary strength of Trust Yemen lies in its affiliation with Trust Re, rated A- (A.M. Best), a company incorporated in the Kingdom of Bahrain and Trust Group of Companies in Algeria, Lebanon, Palestine, Qatar, Oman, Libya, Syria, Yemen, Malaysia, Cyprus, UK and USA.
Trust Yemen Insurance & Reinsurance Co. is committed to the local insurance industry through the provision of the highest degree of the technical coverage and financial security to all its clients, hence the insurer of first choice.
Mission
True to its name, Trust Yemen Insurance and Reinsurance Co., is committed to providing its customers with the best available world-class insurance products and services including long-term availability & pricing stability, outstanding customer service, superior shareholder value and the peace-of-mind to know that when the unexpected happens, Trust Yemen will be there.
Vision
To be the most reliable and trusted insurer in Yemen Market.
Keys of Success:
Here are our main keys and factors of success:
- Carefully identifying target markets and products.
- Defining key challenges and ways of confronting them.
- Developing Strategy Planning and implementing new creative marketing tools and techniques.
- Horizontally expanding company’s activities.
- Capitalizing in Human Resources through innovative team work, intensive training plans and developing communication skills.
- Abiding at all times to pledge to always offer affordable premiums while never compromising on the quality of its services and products.
- Explore new business opportunities to keep up with the market demands.
- Ultimate support of TRUST GROUP.
- Solid Reinsurance backing.
Our services
Motor Insurance
We offer Comprehensive, Third-Party Liability and Fire and Theft insurance coverage at competitive premium rates for our individual and corporate clients.
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Marine Insurance
We offer cargo insurance products covering the risks in transit for all types of cargo transported by various modes of conveyance (such as sea freight, airfreight, land transit and parcel post) on standard terms
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Property Insurance
Our Property (Home and Contents) insurance product covers loss or damage to your dwelling caused by fire, theft, water damage, earthquake.
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Liability Insurance
We offer coverage for Workers Compensation, Liability, Employer’s Liability, Director’s & Officer’s, Professional Indemnity, and Medical Malpractice, protecting against various risks.
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Engineering Insurance
We offer a wide range of comprehensive protection against loss or damage.
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Miscellaneous Insurance
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Travel Insurance
With our travel insurance coverage, you can protect yourself from the damage or loss of your baggage, medical expenses and other incidents that you may face during your trip.
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Shop Owners Insurance
We offer coverage for Workers' Compensation, Liability, Employer’s Liability, Directors' & Officers', Professional Indemnity, and Medical Malpractice, protecting against various risks.
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Group Life and Personal Accidents Insurance
We offer life insurance on an Individual or Group basis with the widest and most flexible coverage in our market.
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Energy Insurance
We are pleased to offer our services and appropriate risk management solutions from Energy Department.
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Our Group
Chairman Message - Ghazi Abunahl
Ghazi Abu Nahl is the Chairman of Nest Investments Holding, which includes a Group of Companies that operate in 23 countries covering Insurance, Reinsurance, Insurance Broking, Real Estate, Banking and licensed services The Group employs more than 2,000 people and its assets exceed USD 5 billion with a turnover of more the USD 700 million.
His long association with the World Trade Centre Association (WTCA) – New York, resulted in a Board Membership in April 2004. He was the Chairman of the WTCA - New York until April 2017 and now is the Chairman emeritus for life.
Ghazi Abu Nahl started his career in insurance with an Insurance Agency (Arab Commercial Enterprises) in Qatar in 1960. Today, the Cypriot businessman is the shareholder and Chairman of a Group whose net assets exceed US$ 2.6 billion with subsidiaries and affiliates in the MENA region, Europe, USA and Asia Pacific.
In 1979, with 20 rich years of experience under his belt, he started Qatar General Insurance & Reinsurance Company as a domestic Insurance company in Qatar and became its GM, a position he holds to date. The company now has a Paid-up Capital of US$240 million while shareholders equity stands at more than US$1.76 billion. The Company is publicly listed on the Qatari Stock Exchange and is considered an excellent security in the Middle East and International Markets with an AM Best A- Rating.
In 1989, he established Trust International Insurance and Reinsurance Company BSC (c) “Trust Re” in Bahrain, as one of the then few Reinsurance Companies in the region, with a Paid-up Capital of US$15 million. The paid up capital now stands at US$250 million and an equity of US$490 million. Mr. Abu Nahl has previously held the Chairman position of Trust Re and was until recently a Board Member. Trust Re is one of Ghazi Abu Nahl’s major achievements and is regarded as a great compliment to the Arab Reinsurance Industry.
In 2013, Ghazi Abu Nahl received the Federation of Afro-Asian Insurance and Reinsurance (FAIR) Hall of Fame Award for his invaluable services to the MENA Insurance industry.
In 2017 Ghazi Abu Nahl and his wife were made members of the Oxford University Chancellor’s court of Benefactors.
Ghazi Abu Nahl has been a member of Lloyds of London Insurance for more than 40 years.
