Oil & Energy Syndicate

   

          
   

Historical Background

With the vision, drive and initiative of FAIR, FAIR Oil & Energy Insurance Syndicate was established in order to provide a regional capacity in Oil and Energy related business from FAIR members and other sources, for risks located the Afro-Asian region. The Syndicate was further incorporated in January 1999 in the Kingdom of Bahrain as an independent legal entity by a Legislative Decree No. 7/1999, and started its operation on October 1, 1999. 
Since its appointment as Managers, Trust Re has devoted considerable means and resources to develop the business of the Syndicate which gained a wide recognition as a sizable capacity and a reliable reinsurance security in the region.
 

Objective:

The principal objective of the Syndicate shall be to underwrite Oil and Energy business from FAIR Members and/ or other sources, principally dealing with the Afro-Asian Oil & Energy business for the account and benefit of the Members, including incidental and associated risks.
Furthermore, the Syndicate shall:
  • Take the necessary actions conducive to increase the retention capacity of the Afro-Asian Markets.
  • Cooperate with the national companies to develop their technical skills and to increase their commercial capacities.
  • Provide technical services i. e. risk surveys, loss prevention and control for Afro-Asian risks.
  • Act as a technical arm supporting the activities of F.A.I.R. organs in particular F.A.I.R. Oil & Energy Underwriters Forum to secure the efficacy of its meetings and to enhance bilateral exchange of business.
 

Contact Details

 

Address

:  P. O. Box 10844 Manama, Bahrain ,

:  Trust Tower, Building 125, Road 1702, Area 317, Diplomatic Area, Manama, Kingdom of Bahrain

Tel

:  + 973  17  571171 

Email

nhajjar@trustre.com

Website

: www.foeis.com  

Establishment

:  1998

Management

 

: Trust Re

: Nabil Hajjar - Managing Director