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Glob al group

WELCOME TO GLOB AL GROUP

www.glob-al.group

“Connecting minds –

Creating the Future”

Expo 2020 Dubai


Glob al group

PROFILE

Full Name: Glob Al Group

Date of Establishment: September 21, 1992

Authorized capital: USD 100 mio

Lines of Business: Finance, Insurance & Reinsurance, Consulting, Law

Location: Head office is in Moscow, Russian Federation

Today Glob Al Group as Reinsurance Group consists of several legal entities:

 Glob Al Reinsurance DMCC, UAE

 Al Mubadarah DMCC, UAE

 Re Brokers, Czech Republic

 4finance Broker, Czech Republic

 Glob Al Group LLC, Russian Federation

 Glob Al Group Finance Ltd, United Kingdom

Glob Al Group has representative offices in Moscow (Russia); Dubai (UAE); Riga

(Latvia); Prague (Czech Republic) and one representative person in London (United

Kingdom).

President and CEO: Jevgenijs Tolockovs.


Glob al group

GLOB AL GROUP AS REINSURANCE GROUP

GLOB AL REINSURANCE DMCC

DMCC, UAE

AL MUBADARAH DMCC

DMCC, UAE

GLOB AL GROUP LLC

Russian Federation

GLOB AL GROUP

RE BROKERS

Czech Republic

“Mutual co-operation and

background experience is

the way towards Success and Stability.”

4FINANCE

Czech Republic

GLOB AL FINANCE

United Kingdom


Glob al group

COMPANY MILESTONES

Glob Al Reinsurance DMCC

was established in UAE

ESTORA RE

rebranding

Al Mubadarah DMCC

was established in UAE

A representative

office was opened

in Riga (Latvia)

Pioneering

Glob Al Group is the first

reinsurance group that

obtained reinsurance

license in DMCC, UAE.

1992

2001

2009

2012

2015

2016

ESTORA

started operating

Glob Al Group

started operating

RE Brokers was founded

in Czech Republic

Glob Al Group LLC

was launched in Russia

4finance was founded

in Czech Republic


Glob al group

PRESIDENT,

CHIEF EXECUTIVE OFFICER

Jevgenijs Tolockovs

Education:

In 1989 graduated with honor from Latvian State

University, Faculty of Law.

Work experience:

1989-1992: Founder and CEO of the cooperative

AXO, Riga, Latvia

1992-2001: Co-owner and CEO of the insurance

company Estora, AAS, Riga, Latvia

2001-2006: Co-owner and CEO of Estora Re, AAS,

Riga, Latvia

2006-2012: Founder and CEO of ViP Property Sia;

Riga, Latvia

2009-2011: Founder and CEO of Global Re LLC

2009 – until present: President and CEO of Glob Al

Group and the affiliated companies.


Glob al group

VICE-PRESIDENT

Sergejs Mihailovs

Education:

1981-1986: Riga Higher Military Aviation School.

Engineer.

Experience:

1993-2001: CEO of the insurance company AAS

«Salamandra Baltik», Riga, Latvia

1995-2005: Member of the Board, Commercial Bank

AKB «Ogres komercbanka», Riga, Latvia

1996-2005: Member of the Board, the insurance

company AAS «NORDENS AS», Riga, Latvia

1999-2006: Founder and CEO of reinsurance broker

«Opora BS» Prague, Czech Republic

2005-2013: Member of the Board, the insurance

company AAS «BALVA», Riga, Latvia

2016 – till present: Vice-President of Glob Al Group


Glob al group

EXECUTIVE ASSISTANT

Anna Novozhilova

Education:

2011-2015: Moscow State University, the Institute of

Asian and African Studies, BA

2015-2017: Moscow State University, the Institute of

Asian and African Studies, MA

Experience:

2014-2016: Translator and interpreter, private

practice, Moscow

2016 – till present: Executive assistant to CEO at

Glob Al Group


Glob al group

STRUCTURE OF THE COMPANIES


Glob al group

ABOUT THE COMPANY

Today Glob Al Group is an international financial holding and reinsurance group.

Before rebranding in 2009 we had been widely known as ESTORA, AAS 1992-2001 and

ESTORA RE, AAS in 2001-2008.

Over the years, Glob Al Group has been the general sponsor of international forums

and summits of insurers and reinsurers in Baden-Baden, Monte Carlo, Zurich, Moscow,

Kiev, Riga and Yalta.

Now based on our rich experience, professional team, position in the finance,

insurance and reinsurance markets we are going to expand and develop the company’s

operations following the below strategy:

Al Mubadarah DMCC works with the partners and manage the risks from the region of

MENA - Middle East and North Africa.

Glob Al Reinsurance DMCC develops reinsurance business with the partners from post-

USSR region – our primary focus is on the countries of CIS, The Eurasian Economic

Union and BRICS.


Glob al group

Al Mubadarah DMCC – Countries of MENA


Glob al group

Glob Al Reinsurance DMCC – Countries of CIS, BRICS, EurAsEC

EurAsEC:

Armenia

Belarus

Kazakhstan

Kyrgyzstan

Russia

CIS:

Armenia

Azerbaijan

Belarus

Kazakhstan

Kyrgyzstan

Moldova

Russia

Tajikistan

Uzbekistan

Turkmenistan

Ukraine


Glob al group

LICENSES OF REINSURANCE COMPANIES

The License for Global Al Reinsurance

DMCC, UAE will be issued by DMCC

Authority by the end of 2016.

Please visit web-site: https://www.dmcc.ae/document_verification

Enter UDRN: 90812949954


Glob al group

LICENSES OF BROKERS

Both Brokers have the 5th level of license – the highest level.


Glob al group

REINSURANCE COMPANIES’ PROFILES

Al Mubadarah DMCC and Glob Al Reinsurance DMCC are young and fast-growing

companies, located in the largest free zone in the UAE - DMCC (https://www.dmcc.ae).

Both companies are focused on solving the problems of our target consumers in

an identified field, minimizing and covering insurance/reinsurance risks.

Al Mubadarah DMCC

Glob Al Reinsurance DMCC

Date of establishment:

December 11, 2012

2016

Authorized capital:

EUR 103 mio

USD 10 mio

Shareholders:

Banks, Glob Al Group

Banks, Glob Al Group

Address:

UAE, Dubai, Jumeirah Lake

Towers,Indigo Icon Tower,

Office 1406, POBох 213827

UAE, Dubai, Jumeirah Lake

Towers,Indigo Icon Tower,

Office 1406, POBох 213827

Website:

http://almubadarahre.com/

http://glob-al.group


Glob al group

GLOBAL FREE ZONE OF THE YEAR 2016

Dubai’s DMCC was awarded ‘Global Free Zone of the Year 2016’ for the second year

running.

DMCC Free Zone was awarded five accolades in Financial Times fDi Magazine’s annual

global Free Zone rankings:

GLOBAL – Free Zone of The Year

GLOBAL – Free Zone of The Year for SME’s

MIDDLE EAST - Free Zone of the Year

MIDDLE EAST– Free Zone of The Year for SME’s

GLOBAL - Specialism Award - Trade & Commodities

DMCC has grown exponentially since its formation in 2002 and today has more than

12,700 member companies with 87,500 workers and residents from over 170

countries based in its Free Zone. With seven new companies setting up a business

every working day, DMCC is home to many of the world’s best-known corporations

including: Lukoil, American Express, Colgate-Palmolive, Duracell, Eurofin.


Glob al group

OUR STRENGTHS

1. Our holding has good and reliable partnerships with more than 250 companies

from different lines of business: Banking and Finance, Construction, Light and Heavy

Industries, Oil Industry, Consulting, Insurance and Reinsurance.

2. We have all the reinsurance instruments (capacities, professional team, first-hand

practical experience in all types of insurance/reinsurance business, including brokerage

deals) for successful and profitable business development.

To expand our opportunities we have started working with the rating agencies:

 A.M. Best

 National Rating Agency (Russia)

We expect to obtain an international financial strength rating within 2 years.

3. Taking advantage of Al Mubadarah DMCC and Glob Al Reinsurance DMCC’s location,

we are going to occupy a niche in the UAE’s market. We count on assistance and

support of the local Rated Reinsurers – we have contacts with more than 50 Rated

Reinsurers (the companies from the MENA region and Asia).

“We build long term partnerships with our

clients on the basis of trust and professionalism.”


Glob al group

OUR ADVANTAGES

1. High-level International Reinsurance Service:

2. UAE is the fastest growing market, one of the five global financial centres and

business hubs of the Middle East. We have access to:

3. We offer our services at the best price:

DISCOUNT and PROFIT COMMISSIONS

are available for Cedents and Brokers

4 companies  4 countries  4 markets

50 Rated Reinsurers


Glob al group

UNDERWRITING FRAMEWORK

CAPACITIES BY CLASS OF BUSINESS (in general)

Property

up to USD 20 mio

Energy

up to USD 15 mio

CAR, EAR

up to USD 15 mio

Marine cargo

up to USD 3,5 mio

Marine hull

up to USD 5 mio

Aviation

up to USD 5 mio

Specialty lines

(liabilities)

up to USD 20 mio


Glob al group

UNDERWRITING GUIDELINES, PART 1 OF 2

The absolute minimum requirements for our underwriting team to estimate the risk

are as follows:

 Reinsurance Slip or a request including insurance/reinsurance terms &

conditions, sum insured, deductible(s)

 Risk Survey Report (if available)

 Loss history

 Exclusions

 Special requirements/conditions

 Terms of payment and total deductions

We guarantee to respond to each quotation request within 4-7 working hours after

receiving it by e-mail.

We are also ready to take the risks as a following Reinsurer.


Glob al group

UNDERWRITING GUIDELINES, PART 2 OF 2

We can provide our support in all types of risks.

However, for some of them (please see the list below) we need maximum possible

information on the risk, more time to make a decision and agree such risk in

accordance with our internal rules.

As a rule we do not reinsure the following risks on a regular basis:

 Sanction risks;

 War risks and SRCC;

 Fine Art, Perishable, Explosive, Ammunition and other hazardous cargoes;

 Vessels and aircrafts over 25-year-old;

 Environmental risks;

 Space Risks and Space-Related Risks;

 ALOP;

 And other specific (non-standard) risks.


Glob al group

RATED REINSURERS IN MENA AND ASIA, PART 1 OF 3

Country

rate

Country

Name of company

Rating

Rating Agency

Bahrain

BBB

Arab Insurance Group (ARIG)

B++

A.M.Best

Bahrain

BBB

Bahrain National Insurance Company

B++

A.M.Best

Bahrain

BBB

Hannover Re Takaful B.S.C.

A+

S&P

Bahrain

BBB

Trust International Insurance & Reinsurance Company B.S.C© Trust Re

A-

A.M.Best

Hong Kong

AAA

Peak Reinsurance Company Limited (Peak Re)

A-

A.M.Best

Hong Kong

AAA

Sinopec (Hong Kong) Limited

AA-

S&P

India

BBB-

India International Insurance Pte. Ltd.

A-

S&P

India

BBB-

General Insurance Corporation of India

A-

A.M.Best

India

BBB-

The New India Assurance Company Limited

A-

A.M.Best

India

BBB-

The Oriental Insurance Company Limited

B++

A.M.Best

Jordan

BB

Jordan Insurance co.

B++

A.M.Best

Jordan

BB

Middle East Insurance

B++

A.M.Best

Kenya

B+

Kenya Re

B+

A.M.Best

Kenya

B+

ZEP-RE (PTA Reinsurance Company)

B+

A.M.Best

Kuwait

AA

Al-Ahleia Ins. Co. S.A.K.

A-

S&P

Kuwait

AA

Gulf Ins. and Reinsurance Co.

A-

S&P

Kuwait

AA

Kuwait Reins. Co.

A-

A.M.Best


Glob al group

RATED REINSURERS IN MENA AND ASIA, PART 2 OF 3

Country

rate

Country

Name of company

Rating

Rating Agency

Malaysia

A-

ACR Re Takaful SEA

A-

A.M.Best

Malaysia

A-

Labuan Re

A-

A.M.Best

Malaysia

A-

Malaysian Re (Dubai) Ltd

A-

A.M.Best

Malaysia

A-

MNRB Holdings Berhad

A-

A.M.Best

Malaysia

A-

Tokio Marine Global Re (Asia Ltd)

A+

S&P

Lebanon

B

Arab Re Co

B+

A.M.Best

Qatar

AA

Alkoot Insurance & Reinsurance company

A-

S&P

Qatar

AA

Doha insurance CO. Q.S.C.

A-

S&P

Qatar

AA

Qatar General Ins. & Reins. Co.

A-

A.M.Best

Qatar

AA

Qatar Reinsurance Company LLC

A

S&P

Qatar

AA

Qatar Insurance Co. S.A.Q.

A

S&P

Saudi Arabia

AA-

Malath Insurance

BBB+

S&P

Saudi Arabia

AA-

Saudi Reinsurance Co.

BBB+

S&P

Singapore

AAA

Asia Capital Reinsurance group pte ltd.

A-

S&P

Singapore

AAA

First Capital Insurance Limited

A

A.M.Best

Singapore

AAA

India Intternational Insurance Pte. Ltd.

A-

S&P

Taiwan

AA-

Central Re

A

S&P


Glob al group

RATED REINSURERS IN MENA AND ASIA, PART 3 OF 3

Country

rate

Country

Name of company

Rating

Rating Agency

Thailand

BBB+

Asian Re

B

A.M.Best

Tunis

BB-

Societe Tunisienne de Reassurance (Tunis Re) (Tunisia)

B+

A.M.Best

Turkey

BB+

Milli Re

B+

A.M.Best

U.A.E.

A

Al Ain Ahlia Co.

A3

Moody's

U.A.E.

A

Al Buhaira National Insurance

BB+

S&P

U.A.E.

A

Abu Dhabi National Ins. Co.

A-

S&P

U.A.E.

A

Alliance Insurance (PSC)

A-

A.M.Best

U.A.E.

A

Emirates Ins. Co.

A-

A.M.Best

U.A.E.

A

Gulf Reinsurance Limited

A-

A.M.Best

U.A.E.

A

National General Insurance

BBB+

S&P

U.A.E.

A

Oman Ins.

A-

S&P

U.A.E.

A

Orient Insurance P.J.S.C.

A

S&P

U.A.E.

A

Takaful Re

BBB

S&P

U.A.E.

A

Emirates Retakaful limited

B++

A.M.Best

Vietnam

BB-

Petro Vietnam Insurance Corporation (PVI)

B++

A.M.Best


Glob al group

KEY FIGURES OF RUSSIAN INSURANCE & REINSURANCE MARKET

Number of licensed companies:

Indicators

Inward Business

Outward Business

RUR

USD

RUR

USD

GWP

35,2 billion

482,9 mio

120,36 billion

1,655 billion

Paid Claims

22,8 billion

312,3 mio

55,73 billion

764,17 mio

Loss ratio

64,7%

46,2%

Incoming business decreased by 27.3%, herewith 50% of

premium was earned from the worldwide market (in 2014

reinsurance premium from abroad accounted for only1/3).

288 of Russian insurance and

reinsurance companies had zero

earned premium in 2015.

Experts are predicting that over 100

insurance

and

companies will stop their business

activity within next 2 years.

81,6% of outward premiums were transferred abroad.

The total authorized capital of Russian Insurers is estimated as

RUB 189,2 billion (approx. USD 2,6 billion), herewith the total

net-capacity of Russian reinsurance market is estimated as

USD 150 mio.

reinsurance

All figures valid at the beginning of 2016. Exchange rate: USD1 = RUB 72,9299

Statistic data of Central Bank of Russian Federation and National Rating Agency


Glob al group

KEY FIGURES OF RUSSIAN INSURANCE & REINSURANCE MARKET

Insurance & Reinsurance Sector in Gross Domestic Product of different regions

Russia

Armenia*

BA3 NEGATIVE

Less than 20% of enterprises

voluntarily insure their property

and GTPL in Russia.

Country of CIS

2010

2015

0,24%

0,62%

1,27%

Belarus**

B- POSITIVE

0,82%

0,94%

Georgia**

BB- STABLE

CIS

USA

1,74%

1,13%

0,77%

14%

Kazakhstan**

BBB+ NEGATIVE

0,70%

0,75%

Moldova*

B3 POSITIVE

Country of EU

2010

2015

1,27%

1,02%

GDP

Bulgaria

2,20%

2,27%

Russia**

BB+ NEGATIVE

1,13%

1,27%

Cyprus

4,39%

4,20%

Ukraine**

B- STABLE

Czech Republic

3,95%

3,43%

2,14%

1,50%

Denmark

8,93%

9,54%

EU

MENA

Uzbekistan

0,28%

0,32%

France

10,7%

9,13%

7,8%

6,7%

Kyrgyzstan

0,24%

0,25%

Germany

7,20%

6,84%

Tajikistan

0,44%

0,44%

Hungary

3,12%

2,53%

Turkmenistan

0,24%

0,20%

Singapore

Latvia

1,83%

2,18%

*Moody’s rating

**S&P rating

Poland

3,75%

3,06%

20%

Statistic data of www.xprimm.com

and www.insuranceeurope.eu


Glob al group

MARKET CONDITIONS – OUR STRATEGY

Client

Agent &

Broker

The market will continue to become

more efficient

as all players strive to become

closer to the client.*

*Source: A.M. Best data and research

Our strategy is focused on the use of

multi-channel distribution and providing

the Partners with:

innovative products

high-level reinsurance services

support and assistance.

Primary

Insurance

Company

Reinsurance

Broker

Reinsurance

Capital

Convergence

Capital


Glob al group

CONTACTS

Jevgenijs Tolockovs

President and CEO

Phone (Russia): +7(925)885-71-00

Phone (Latvia): +371 260 102 70

e-mail: [email protected]

[email protected]

skype: Jevgenijs Tolockovs

Sergejs Mihailovs

Vice-President

Phone (Russia): +7(925)029-31-56

Phone (Latvia): +371 292 343 71

e-mail: [email protected]

Anna Novozhilova

Executive assistant to CEO

Phone (Russia): +7(965)297-55-80

e-mail: [email protected]


Glob al group

OUR OFFICES

Dubai, United Arab Emirates

UAE, Dubai, JLT

Indigo Icon Tower, office 1406

Phone (office): +971-544-640-218

Moscow, Russian Federation

Business Centre - Cabinet Lounge, Office 9,

Level 6, Building 2, Maly Cherkassky pereulok, 109012

Phone (office): +7(495) 740-28-89

Praha, Czech Republic

Kaprova 42/14, StaréMěsto,

110 00 Praha 1, Czech Republic

Phone (office): +420-773-243-340

Riga, Latvia

apt. 76, 12 Alauksta str.

Riga, LV-1009

Phone (office): +371-260-102-70

London, United Kingdom

20-22 Wenlock Road,

London, England, N 1 7GU

Phone (office): +371-260-102-70


Glob al group

THANK YOU FOR YOUR ATTENTION

www.glob-al.group


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