OREANDA-NEWS. September 29, 2008. Director of the "Far-Eastern bureau" of OJSC "Transsiberian Reinsurance Corporation" Larisa Bykova took part in "reinsurers fair" organized for the second time by the Far-Eastern union of insurers. The event took place on September 25th in Vladivostok and gathered about 70 representatives of 29 insurance companies, including representative of far-eastern Federal Supervision Service for Insurance (FSSI), Far-Eastern State University students and local press.

“Transsiberian Re” and other large reinsurance companies showed their presentations. Director of the "Far-Eastern bureau" of OJSC "Transsiberian Reinsurance Corporation" Larisa Bykova summarized the activities of “Transsiberian Re” in 2007 and spoke about active reinsurance programs, focusing on the international ratings of the company.

“Far-Eastern Bureau” director disclosed the problems of concluding facultative contracts, showed the manual for “Transsiberian Re” underwriters, which is being updated annually to market requirements and modern reinsurance programs.

Apart from that everyone could see Manual for loss adjustments, active in corporation.”Far-Eastern Bureau” has considerable authority in this respect. Claims under USD 100 thousand are examined on the spot, there as payments exceeding this amount are made by the Loss Adjustment Commission, which was established in “Transsiberian Re” for this purpose.

The Far-Eastern representative office of OJSC "Transsiberian reinsurance corporation" is established in 2003 in Nakhodka and over this period managed to take leading positions on the reinsurance market of Primorski Kray and the whole Far East.