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Glob Al Group

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Glob Al Group

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  1. WELCOME TO GLOB AL GROUP www.glob-al.group “Connecting minds – Creating the Future” Expo 2020 Dubai

  2. 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.

  3. 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

  4. 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

  5. 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.

  6. 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

  7. 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

  8. STRUCTURE OF THE COMPANIES

  9. 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.

  10. Al Mubadarah DMCC – Countries of MENA

  11. 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

  12. 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

  13. LICENSES OF BROKERS Both Brokers have the 5th level of license – the highest level.

  14. 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

  15. 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.

  16. 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.”

  17. 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

  18. 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

  19. 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.

  20. 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.

  21. 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

  22. 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

  23. 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

  24. 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

  25. 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

  26. 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

  27. CONTACTS Jevgenijs Tolockovs President and CEO Phone (Russia): +7(925)885-71-00 Phone (Latvia): +371 260 102 70 e-mail: jevgenijs.tolockovs@glob-al.group tolockov@gmail.com skype: Jevgenijs Tolockovs Sergejs Mihailovs Vice-President Phone (Russia): +7(925)029-31-56 Phone (Latvia): +371 292 343 71 e-mail: sergey.mihailov@glob-al.group Anna Novozhilova Executive assistant to CEO Phone (Russia): +7(965)297-55-80 e-mail: anna.novozhilova@glob-al.group

  28. 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

  29. THANK YOU FOR YOUR ATTENTION www.glob-al.group

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