OREANDA-NEWS. June 6, 2008. Annual general shareholders’ meeting of OJSC "Transsiberian Reinsurance Corporation" took place on June 6, 2008 in Moscow. The annual report, annual financial statements, including profit and loss account for 2007 were affirmed during the meeting. 
Shareholders made a decision on distribution of RUR 27,2 million of net profit according to the results of financial year in the  following way: to allocate RUR 1,362 million to reserve fund,  RUR 90 thousand on dividend payments, RUR 10 million for self-development of OJSC  "Transsiberian Re" and RUR 15,789 million to be left as retained profit.
Dividends under preference shares of OJSC "Transsiberian Re" according to the results of work in 2007 will be paid at a rate of RUR 1,5 per share. No dividends will be paid under ordinary shares.

During the meeting the following members of the Board of directors of OJSC "Transsiberian Re" were elected: Irina Kovrigina, Irina Postnikova, Alexei Leonenko, Yuri Vronsky and Anthony Hobrow.
Ms. Kovrigina, Mr. Leonenko and Mrs. Postnikova were the members of the Board of directors earlier. Yuri Vronsky became a member of Board of directors again after a year break. The new elected member Anthony Hobrow is the CEO of the company “Whittington Group Pte Ltd” (Singapore).

The management and the whole team of the company have expressed sincere gratitude to a member of Board of directors Alexander Korobov who worked on his post since 1997 (with a small break) and did not stand for new term this year.

During the meeting the following members of Internal Audit Committee of the Corporation were elected: Anna Fadeeva (Director for reinsurance of OJSC “Transsib Re”), Sergey Marshev (general director of IC "Pryamoe Strakhovanie") and Alexander Romanov (IC "RESO-Garantia").

Audit company “2K Audit- Business Consulting” was appointed as the auditor of "Transsiberian Re" for 2008.