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UNITY RE Ltd'

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Unity Re Ltd. was reorganized in September 2006 through ... in the domestic market, both treaty and facultative. RESO-Garantia. Unity Re. R/I ... – PowerPoint PPT presentation

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Title: UNITY RE Ltd'


1
UNITY RE Ltd.
RELIABLE QUALITY
2
Unity Re Ltd. was reorganized in September 2006
through rebranding of RESO Re a reinsurance
company, member of insurance Group RESO. The
companys history comes from 19.09.1991 when
North-west insurance company was registered and
then acquired by Group RESO and renamed into
RESO Re.
2006 ?.Unity Re
2004 ?.RESO Re
1991 ?.NWIC
3
Currently, the paid-up capital of Unity Re is
300M RUR(over 12.5M USD) which is the largest
capital among professional Russian reinsurers in
the market. The actual reinsurance license is
No. 1643 77 of 04.07.2007. The 100 shareholder
of Unity Re is Group RESO- one of the leading
insurance holdings within Russia CIS. The core
of the holding is Russian market leader
insurance company RESO-Garantia, where 10 of
shares are owned by European Bank for
Reconstruction and Development.
Since 2007, KPMG has been appointed the official
auditor of Unity Re for IFRS/IAS and RAP.
4
On 10 April, 2008 Moody's Investors Service
assigned to Unity Re a first-time global scale
insurance financial strength rating (IFSR) of B1,
outlook is stable. At the same time, Moody's
assigned A2.ru national scale rating. In its
rating press release Moodys defines Unity Re as
a well-capitalised and profitable company having
a solid position in the Russian reinsurance
market.
5
  • Unity Re leads and coordinates the inward
    reinsurance business in Group RESO, inc.
  • cooperation and development with Russian, CIS
    and overseas markets
  • coordination of Groups outward reinsurance
    placements in the domestic market, both treaty
    and facultative.

6
The scope of Unity Res activities is classic
reinsurance, where the company offers coverage
for all major lines of business general
property, construction, energy and petrochemical,
cargo, marine hull, aviation, accident health,
financial risks and liability.
For 2005-2007, Unity Re has formed a balanced and
well diversified inward portfolio based on large
property accounts from metallurgical,
petrochemical and commercial trade sector
7
After 3 years of actively performing in the
market, Unity Re gained a stable constant
partnership with over 300 ceding and broking
companies from Russia, CIS overseas. Much
attention is paid to cooperation with brokers,
where the development is considered one of the
priority goals. Among our major partner brokers
are Malakut, Rifams, AFM, Oakeshott, Marsh,
Willis, Benfield, PWS, Glencairn
8
The major geographical scope of Unity Res
business is focused at Russia
CIS. Additionally, since 2006, Unity Re has
intensified its activities in overseas markets,
writing business from South-East Asia, Central
South America and Africa.
9
For 2007, Unity Res NPW amounted to over 16M
USD, written under over 5 000 R/I contracts from
324 partners.
10
For 2006 2007, Unity Re has paid over 1
thousand claims. The largest losses for the
period refered to property sector treaty covers
11
  • Unity Re now
  • belongs to one of the largest insurance groups
    in Russia CIS Group RESO
  • is shareholded by Russian insurance market
    leader JSC RESO-Garantia
  • has the largest paid-up capital among Russian
    reinsurers over 12M USD
  • is the major national treaty reinsurer 147
    written inward treaties for 2007
  • employs 16 high-skilled professionals with an
    average experience of 8 years
  • handles a balanced inward portfolio with the
    share of Property of over 50
  • has gained an indisputable authority among over
    300 constant partners
  • acts exclusively in the open competitive R/I
    market with risky business

12
Key team
Managing director Svetlana Schekhovtsova
Development Dept, Russia Deputy Managing
director Marina ShugaevaDevelopment
directors Irina Selivanova Olga
Ignatovich Yaroslav Schekhovtsov
International Business Dept Deputy Managing
director Dmitry Garmash, Ph.D.Expert Igor
Schekhovtsov
Underwriting Dept Deputy Managing director, Chief
u/writer Svetlana ChepelevaSenior
underwriter Elena Myasnikova
13
Board of directors
George Lorenz Board member of Unity Re Ltd.
board member of JSC RESO-Garantiya. Born in 1942
in Brussel (Belgium). 1970 - Univercity of Aahen
1970-1973 - "Hochtief" (Germany) 1973-1980 -
Munich Re 1981-2000 - Cologne Re 2000-2001
SANTAM Insurance Company 2004-2006 AXA Re.
Vladimir Krouglyak - Board member of Unity Re
Ltd. board member of JSC RESO-Garantiya. Born in
1944 in Moscow. Graduated from Moscow State
University (juridical faculty) 1971-1998 - JSC
Ingosstrakh 1998-2000 JSC ROSNO since 1996
the board member in RESO-Garantiya 1996-1998
President of the All-Russian insurers union
since 2002 President of Moscow Association of
Insurers (MAI). Sergey Sarkissov Chairman of
the board of directors of Unity Re chairman of
the board of directors of RESO-Garantiya
chairman of the board of directors of Group RESO.
Born in 1959. 1981 - graduated from Moscow State
Institute of foreign affairs. Ph.D. in economics.
1981-1993 - JSC Ingosstrakh 1991 established
RESO 1993-2004 Managing director of
RESO-Garantiya since 2004 Chairman of the
board of RESO-Garantiya. At the moment the
Vise-president of the All-Russian Insurers Union
board member of Russian Union of Motor Insurers.
Dmitry Rakovschik Managing director of
RESO-Garantiya. Born in 1965 in Moscow. Graduated
from S.-Petersburg medical institute. 1992
Director for life health insurance in
ASKO-Petersburg insurance company 1993-1998
ASKO-Med insurance company 1998-2004 Regional
director (North-West) of RESO-Garantia since
2004 Managing director of RESO-Garantia.
Svetlana Schekhovtsova Managing director of
Unity Re Ltd. In 1975 graduated from Far-east
state university (Vladivostok), MA in law. In
1975-1989 worked in various state administration
branches. 1990-1992 regional branch of State
Pension Fund of Russian Federation since 1992
Group RESO in 1992-1998 the Head of Far-east
branch of RESO-Garantiya since 2000 Deputy
Managing director on reinsurance. In parallel,
since 2004 Executive director of Reso-Re and,
after companys rename, since 2006 Managing
director of Unity Re Ltd.
Since 2007, KPMG has been appointed the official
auditor of Unity Re for IFRS/IAS and RAP.
14
123995, Russian Federation, Moscow, Novinskiy
boulevard, 13, build 4, office 207 Tel. 7 495
956 6589Fax 7 495 956 6598 Web
www.unityre.ruE-mail re_at_unityre.ru
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