OREANDA-NEWS. December 24, 2007. Underwriters from “European bureau” OJSC “Transsiberian Reinsurance Corporation” will be working during the New Year holidays that last in Russia from 30th December 2007 till 8th January 2008.
This decision is caused by the fact that an essential part of business Transsib Re falls at incomes from foreign companies. Share of the premium that’s got from outside Russia over a period of last 2 years is about 50-70% or higher. The part of foreign companies in total written reinsurance premium 2006 is 71,4%, in 2007 (9 months) – 53,7%.

The incomes geography of reinsurance premium in Transsib Re at year-end 2006 is so: substantial part falls at Kazakhstan (36% of total premium) and Ukraine (15%). Incomes from nonresident-reinsurers from other CIS-countries and Baltic States make together about 2%.

There are many countries, with that companies Transsib Re cooperates, that have no such holidays at all (for example in Czech Republic, where the company has an office) or they are much shorter. As well as holidays in other European countries don`t coincide with the Russian ones.

In order to assure efficiency in quotations and in conclusion reinsurance contracts in the first days of 2008 members of reinsurance department will continue their work in daily performance.