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UNITY RE

UNITY RE. CORPORATE PROFILE 20 11. 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.

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UNITY RE

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  1. 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 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) 2

  3. Vision & mission

  4. Highlights & competences 4

  5. Legal & compliance • 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.

  6. International rating Unity Re has the following actual international ratings assigned: • Rating reports specially outline Unity Re’s: • Good capitalization • Profitability • Strong position in the domestic market • Very good level of retrocession protection

  7. International rating • «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 itscapitalization». • «The positive outlook reflects our expectation that Unity Re will furtherenhance its competitive position through growth in premiums and number ofrisks and greater portfolio diversification while maintaining good levelsof operating performance and preserving very strong risk-based capitaladequacy». • «Unity Re'scapital adequacy is very strong, according to our risk-basedmodel»

  8. Portfolio 2010 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.

  9. Portfolio 2010 • 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.

  10. Portfolio 2010 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.

  11. Largest paid claims 2006-2010

  12. Market position 2010 Top-10 specialist reinsurers writing genuine reinsurance, 2010:

  13. Key financials, IFRS

  14. Key financials, IFRS

  15. Capacity 2011

  16. Team 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

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

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