Trust Re appoints Talal Al Zain as new group CEO replacing Abunahl

Bahrain-based re/insurer Trust International Insurance & Reinsurance Company (Trust Re) has appointed Talal Al Zain as its new group chief executive officer.

Al Zain replaces outgoing CEO Fadi Abunahl who has led Trust Re for 12 years since 2006, having been with the group for over 20 years.

Abunahl will be moving to Cyprus to take a leading role at Nest Investments Holdings, the sole shareholder of Trust Re.

Al Zain brings with him broad regional and international experience from the US, Europe and the MENA, region having held senior executive positions in the fields of banking and investment.

Most recently, Al Zain was founder and director of Jisr Capital. Previously, he was CEO of PineBridge Investments Middle East BSC (C) and co-head of alternative investments at PineBridge Investments. Prior to that, he was a founding board member and the CEO of Bahrain’s sovereign wealth fund Mumtalakat, managing over $10 billion of assets.

“We are very pleased to have Talal lead Trust Re as Group CEO,” said Ghazi Abu Nahl, chairman of Nest Investments Holdings. “Talal is an accomplished leader with extensive management experience and will be a great leader for Trust Re.”

Al Zain said: “I’m delighted to be leading this renowned company and I look forward to build on Fadi’s accomplishments and work with the Trust Re team to drive strength and growth and create exciting new opportunities and value for both clients and shareholders.”

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