About TRINRE
TRINRE was established over 40 years ago and is now a composite company that is one of the fastest growing independent insurers in Trinidad & Tobago. TRINRE’s growth is premised on the company’s commitment to promote good corporate governance, employee development and excellence in customer experience. Relationships with ‘A’ rated re-insurers enable the company to offer an increasing range of insurance products and services including packaged business insurances and specialty services for liability and bonds, as well as offshore liability.
Our History
TRINRE was established on July 3, 1975 by the Government of the Republic of Trinidad and Tobago (GORTT) and was born out of the worldwide economic philosophy that encouraged governments to foster indigenous markets, preserve foreign exchange and develop domestic capital markets.
At inception, TRINRE was owned 60% by GORTT and 40% by local insurance companies. TRINRE promoted a policy that ensured maximum local participation and served as a crucial catalyst in the development of the local insurance industry.
During this time, TRINRE was able to place large pieces of business in the international market and some of TRINRE’s noteworthy contributions were:
- Management of international placements for major industrial risks during construction. For example, the Iron & Steel Company of Trinidad & Tobago and the Mount Hope Medical Complex.
- Placement of re-insurance for the GORTT and associated state enterprises.
- Functioning in an advisory role to the Insurance Regulatory Authority of Trinidad & Tobago in the areas of legislative and market conduct issues.
1994
The GORTT divested its interest in commercial enterprises such as TRINRE which led TRINRE to begin writing direct business in Trinidad and Tobago.
2001
Investment Managers Limited (IML), a private investment holding company, acquired majority shares of TRINRE.
2015
In 2015, TRINRE’s 40th year of business, the company name was amended from Reinsurance Company of Trinidad and Tobago Limited to TRINRE Insurance Company Limited; in keeping with the organization’s core operations and thrust towards greater brand alignment.
2016
TRINRE strengthened its Life Operations solidifying its status as a composite Insurance Company.
2017
TRINRE launched SOLIS, its bespoke P&C system, heralding the beginning of a revolutionized way of conducting business and building more mutually beneficial relationships with its customers other strategic partners.
2018
TRINRE achieved a Corporate Credit Rating of CariA- (Regional Rating), ttA-(Trinidad and Tobago Rating) and a Financial Strength rating CariA– from Caribbean Information and Credit Rating Services (CariCRIS), the Caribbean’s leading credit rating agency. Read more…