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UNITY RE CORPORATE PROFILE 2011. 2 Milestones In 1991, North-West Insurance Co. was registered and then acquired by Group RESO – one of the largest insurance.

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Presentation on theme: "UNITY RE CORPORATE PROFILE 2011. 2 Milestones In 1991, North-West Insurance Co. was registered and then acquired by Group RESO – one of the largest insurance."— Presentation transcript:

1 UNITY RE CORPORATE PROFILE 2011

2 2 Milestones In 1991, North-West Insurance Co. was registered and then acquired by Group RESO – one of the largest insurance holdings with Russia and FSU. In 2004, renamed into Reso Re and started its active development within the reinsurance market of Russia and CIS. In 2005, became one of the first reinsurers in FSU to receive the full-scale international financial strength rating: ‘B+’ by Standard & Poor’s. In 2006, rebranded to Unity Re and also restructured to obtain more high- qualified and experienced team to promote further as the specialist reinsurance center of Group RESO and strategically the leading reinsurer within FSU. In 2007, started operations in overseas markets, writing property, construction and marine business from South America, MENA and SEA regions. In 2007, was granted with the international financial strength rating of ‘BB-’ from Standard & Poor’s. It is maintained until nowdays with the enhancement of the rating outlook from stable to positive. In 2008, promoted actively within the core markets – Russia and CIS, - closing the year as the most dynamically growing specialist reinsurer in the region. In 2009, demonstrated an excellent performance despite the burden of world financial crisis, meanwhile becoming the largest national treaty reinsurer. In 2010, Unity Re finally conquered the top position in the market, ranked the first among the specialist reinsurers in Russia (over 1 bln RUR of GPW)

3 Vision Developing to maintain the position of the regional reinsurance market leader with Russia and FSU, providing the widest available scope of the first class reinsurance cover and confident linked services from a position of the absolute leading, financially stable, fast and attentive national reinsurer, and gradually promoting overseas as the reasonable medium-size capacity market player highly committed as a supporting reinsurer for the traditional lines of business. Mission To provide a very fast response to cedants’ demands for a wide range of non-life reinsurance lines of business with the first class growing capacity and additional services; to support the clients with underwriting expertise, confident and prompt claims settlement and relevant advisory; to rely upon a stable, integral and solid team of professionals fully committed to company’s performance and clients’ needs; to promote the status of a leading Russian/FSU specialist reinsurer well known worldwide. Vision & mission

4 4 Market Leading Company Leading specialist Ranked 1 st by reinsurance GPW among specialist reinsurers in Russia & CIS in 2010 Established team Highly regarded & solid management team, stable since 2006 Strong financial performance Consistently profitable with strong underlying growth. Results of 2010 (IFRS): net profit 198.4m US$; LR 53.6%; combined ratio 78.9%; ROE 29.84% Strong capitalisation Exceptionally capitalised with a very strong solvency margin Rated Financial Strength Rating from a leading international agency Regional distribution Distribution across the whole of Russia and the former USSR territories and overseas Corporate governance IFRS audited accounts since year-end 2006. Experienced Supervisory Board. Operating to international standards Excellent operational performance 2010: GPW growth – 9.1%; market share 5%; Renewal ratio – 87,7%; GPW per capita – 51,1 mln RUR Largest and most stable clients’ base 357 companies from Russia, CIS and overseas Brand A recognizable brand with Russia/FSU; London market; MENA region and SEA Highlights & competences

5 The 100% shareholder of Unity Re is RESO Holding - one of the leading insurance holdings within Russia & CIS. Currently, the paid-up capital of Unity Re is 500m RUR (~16.6m USD) The actual reinsurance license No. 1643 77 of 04.07.2007. Since 2007, KPMG has been the official auditor of Unity Re for IFRS financials. Legal & compliance

6 Unity Re has the following actual international ratings assigned: RatingOutlookStatus Standard & Poor's BB- / ruAA- positiveLast mod. 23.08.10 Rating reports specially outline Unity Re’s: Good capitalization Profitability Strong position in the domestic market Very good level of retrocession protection International rating

7 «The ratings reflect the company's improving competitive position, good capitalization, strong results from insurance business, and good quality of investment portfolio instruments». «Unity Re continues to deliver strong results from insurance operations, continually improving its competitive advantages and strengthening its capitalization». «The positive outlook reflects our expectation that Unity Re will further enhance its competitive position through growth in premiums and number of risks and greater portfolio diversification while maintaining good levels of operating performance and preserving very strong risk- based capital adequacy». «Unity Re's capital adequacy is very strong, according to our risk-based model» International rating

8 The scope of Unity Re’s 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, liability. Portfolio 2010

9  344 (re)insurance and broking companies from Russia, CIS & overseas  287 companies from Russia, inc. all players from Top-50 (a unique!)  cooperation with all major brokers operating in Russia, inc.: Marsh, Willis, Aon, Malakut, THB, Nasco, AFM etc. Portfolio 2010

10 The major geographical scope of Unity Re’s 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. Portfolio 2010

11 Amount paid, USD YearCedantClassComment 2 500 0002010SOGAZPropertyFire at a refinery 656 0002007Renessans insurancePropertyFurnace explosion at Azovsteel plant 585 0002010AzRe (Azerbaijan)MarineCrash of a motor yacht 550 0002010ROSNOPropertyExplosion at Sayano-Shushenskaya HPP 465 0002008Spasskie vorotaPropertyFire at a business center 430 0002010MICPropertyFire at a food factory 335 0002007EnergogarantPropertyFire at Reftinskaya hydro power plant 315 0002009Military Insurance Co.PropertyCrash of a train 260 0002007Renaissance insurancePropertyFire at a plant 230 0002009Spasskie vorotaMarineLoss of cargo washed from deck 175 0002009SogazAviationCrash of aircraft during lending 170 0002008SogazPropertyEQ at Sakhalin 155 0002009SoglasieMarineDamage to a vessel by grounding 128 0002007Standard-ReservePAAccidental death 125 0002010Asuransi Jasa (Indonesia)PropertyEQ 116 0002008Ard Daatgal (Mongolia)PropertyStorm damage to residential property Largest paid claims 2006-2010

12 Top-10 specialist reinsurers writing genuine reinsurance, 2010: RankCompanyGPW, ‘000 RUR 1Unity Re1 022 866 2Moscow Re1 017 785 3Transsib Re774 780 4Kapital Re591 218 5Eastern Re574 200 6Russian Re458 580 7Munich Re Life CIS418 686 8Rosles Re372 959 9Megaruss Re292 162 10SCOR Reinsurance249 793 Market position 2010

13 Key financials, IFRS

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15 LOBMaximum line - Net retention, PML basis Maximum line Gross retention Property (FAP/PAR/IAR) USD 1,000,000USD 50,000,000 (for business from Russia/CIS – XOL treaty) CAR/EARUSD 1,000,000USD 50,000,000 (for business from Russia/CIS – XOL treaty) Energy off-shoreUSD 1,000,000- Marine hull / P&IUSD 500,000USD 7,000,000 (worldwide, XOL treaty) CargoUSD 500,000USD 7,000,000 (worldwide, XOL treaty) GTPLUSD 500,000- AviationUSD 500,000- MotorUSD 250,000- Personal accidentUSD 200,000USD 1,500,000 Capacity 2011

16 International business: Dmitry Garmash, Deputy CEO –MA (Fin), Ph.D., MBA Igor Shekhovtsov, Director of International business dept. –MA (Fin) Dmitry Vanin, Director on business development –MA (Sc) Underwriting: Svetlana Chepeleva, Deputy CEO, Chief underwriter P&C –MA (Fin), over 22 years of u/w experience Elena Myasnikova, Managing Underwriter, Marine –MA (Fin), over 12 years of u/w experience Julia Mironenko, Managing Underwriter, Treaty –MA (Fin), over 12 years of u/w experiance Team

17 125047, Russian Federation, Moscow, Gasheka st., 12 Tel.: +7 495 956 6589 Fax: +7 495 956 6598 E-mail: re@unityre.rure@unityre.ru www.unityre.com Contacts


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