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29.04.2009
April 16, 2009 Federal Insurance Supervision Service (FSSN) granted OJSC Profile Re a new license form for reinsurance because of the change reinsurer’s location. 
28.04.2009
April 27, 2009, Profile Re Reinsurance Company has paid insurance indemnity to Open Joint-Stock Insurance Company Yakor equal to 620.0 thousand rubles.
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Contacts
101000, Myasnitskaia st ., 46/2,bldg 3
Moscow, Russia
Òel./fax: +7 (495) 780-36-65, 780-36-66
E-mail:lov@profile-re.ru
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Seminar 16.06.2009
On Jun 16, 2009 a seminar on ‘Underwriter approach to reinsurance of risks of nonfulfillment or improper fulfillment of obligations under public (municipal) contracts. Questions and Answers’was organized in Conference Center "Poisk- Ñ onference"
The Seminar was conducted by Head of OJSC Profile Re underwriting department Alexei Kovalenko.
Staff of insurance companies’ reinsurance departments were invited to participate in the event.
Seminar feedback:
‘I consider the information regarding the mechanism for calculating the sums insured, the forfeit penalties and the general provisions of the underwriting extremely useful. I would like to dwell on the issues from experience of loss adjustment for this type of contracts (State Contracts)’.
«The topic was thoroughly covered. We learned a lot. Definitely positive opinion. I think that the topic of the coverage types and insurance risks is covered in full. I would like to get detailed information on the types of state contracts and their risk degree (i.e. construction, supply etc.).
‘The event was interesting as the topic of the seminar was covered both from the point of view of insurers and reinsurers. To my mind the most useful information is the one related to the mechanism for calculating of the sum insured basing on the relations between the contract price, the sum insured, types of forfeit penalties, fines, priority (size) on the disproportionate insurance’.
‘I liked absolutely everything. All aspects were presented very competently, all questions covered with lots of details. Examples to illustrate the controversial issues were chosen expertly’.
‘The material presentation was clear, structured and pertinent. Answers to the set questions were explicit. A generalized analysis of the situation on the market and the fact that it was possible to meet and discuss the problem in an intimate circle were very useful. The speaker impeccably covered questions of share reinsurance in CAR/EAR, of state contracts with CAR/EAR, the market situation and the evaluation of the SC optional contract’ .
«More than a relevant topic. Coverage of the points of interest was full. Contracts, the main points, pitfalls, interpretation of risks and distinctive moments were covered concisely enough’.
‘The following was very interesting and useful: a detailed description of the components of the loss, the advance default, the design and content of the reinsurance contract, the prospect of topic development’.
‘Useful, instructive information that introduced certain order and created a harmonious system at placement of state contract liability risk in reinsurance’.
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