Firstly is present in the

0:06

Russian market let's say five years our main goal is to be closer though

0:12

to the market close to the client's to talk with them to see them in

0:16

to see how we can improve ourselves from there I so the reason why we are here is

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a

0:20

to discuss to see how the clients are seeing trustee from different

0:24

overview and hope we can develop our relationship to support the market on

0:28

the long run

0:28

first of all I would like to thank you very much for the opportunity

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to say some words about the trustee thing sure

0:40

located behind head office and I'm representing as the general manager

0:44

us the Cyprus branch you're working

0:47

with Russia other CIS countries sentenced in Europe in southeastern

0:51

europe

0:51

from Cyprus planes together with our head office support

0:55

so first of all know this mythical denies the capital is very important

0:59

matter venue especially in the growing at like Russia representing for us

1:04

another market so bright

1:05

a event was that a little too Michelle caller

1:08

decided to increase the capital this year to for forty million dollars law

1:13

plus these operating a level 140 million dollars and

1:16

expecting the next two years the injection of capital

1:20

for sixty million dollars more to support our growth in the region like

1:24

Russia it's a

1:24

so this is the bright first event second event we are operating in the profitable

1:29

basis the that the event is very hippie

1:33

that our clients recognize us as a dependable

1:36

to their business and the other believe in our partnership is

1:40

developing more and more in the region when we operate

1:44

up

1:49

so wetsuit and it will operate a contender for the markets on 30 markets

1:53

when the operating

1:54

from russia says Central Eastern Europe Southeastern Europe and if you love the

1:58

global reinsurance

1:59

market now these the capitalist it coming which means the investor source

2:03

the believing the

2:04

technical approach a living trust market to manage that risk this is our main

2:08

main

2:09

but all all those to what we promised to maintain the long run

2:13

it say this is what I believe the biggest

2:16

bright events in the Range Rover still focus

2:19

we're still coming back to the 80s to understand better what is the needs of

2:23

our clients and

2:24

this is what we recognize from the insurance market so capital is

2:28

increasing

2:28

which shows demonstrate the trust that invests in that business what we are

2:32

doing

2:33

so motorists to develop security economical security

2:37

for the country for the clients for the ground along with them

2:40

up

2:46

we believe that Russia markets demonstrate loss as a as a trustee i

2:51

cant im in the name of the last three

2:52

the long-term players your long-term relationship

2:55

so they will strengthen their capital position but there was three and

2:59

the legislation to protect that their own clients

3:03

so legislation you can be improved capitalization

3:07

should be improved and we believe they're going in this direction some

3:09

mergers and acquisitions the lot going on

3:11

so the Billy possibly they tional data from market will come

3:15

number of probably number of for insurance companies

3:19

really pleased by the news because of this legislation

3:22

regulatory requirements to fully would not be easy task in the next the next

3:26

year so

3:27

its mature market and if you develop for the to be believed

3:31

there's a reason why you're here also being weak

3:39

refuse to have a more time to discuss with other meeting going into the salon

3:44

on 45 clients

3:45

you only need more time to understand little bit better

3:48

up we should go good success militia

3:52

good communication channels we should

3:55

let's say that all of us we are managing it is in a better position by the end of

3:59

the day

4:00

to support our clients really and then to the US carriers

4:03

so I missed all of us that we are taking much more care about the risk

4:07

about the perils about technical knowledge to improve our position

4:11

the worldwide scale for insurance