Unity Reinsurance Company Ltd. was established in September 2006 as the result of rebranding from RESO-Re. The entity’s history comes from 19.09.1991 when the North-West Insurance Company was registered. Later, it was merged by insurance Group RESO and then renamed into RESO Re in 2004.
At the current stage, the paid-up capital of Unity Re is 300 000 000 RUR which is 100% owned by insurance Group RESO - one of the market leading groups in Russian Federation and CIS.
Actual international financial strength ratings maintained by Unity Re:
- A.M.Best: B+ (Good), outlook stable.
- Standard & Poor's: BB / ruAA, outlook stable.
Unity Re provides reinsurance coverage for all general classes of business and writes accounts situated both domestically and overseas:
- COMMERCIAL PROPERTY
- ENERGY
- CAR
- MARINE HULL
- CARGO
- AVIATION
- ACCIDENT & HEALTH
- LIABILITY
- FINANCIAL AND PROFESSIONAL RISKS
Within this scope, Unity Re aspires to maintain and develop its balanced and well diversified reinsurance portfolio which is based on large commercial, energy and industrial risks.
Unity Re’s stable and efficient market offer is backed by own financial strength and professional skills.
The main territorial scope of Unity Re are outlined by the borders of Russia, CIS, Baltia and Eastern Europe. About 300 market leading insurance companies of Russia, Ukraine, Kazakhstan, Georgia, Latvia etc. are among our partners.
Much attention is currently paid to overseas business which is rapidly developed by close cooperation with reinsurance brokers – both international and local. Since 2006, strong partnership with intermediaries like Marsh, Willis, Glencairn, Malakut, Scanmarine, AFM activated a new level of incoming business stream from Arabian region, South-East Asia, Africa and South America.
The company’s structure is based on the separated and integrated functions of Development and Underwriting departments. Such mechanism provides the most efficient approach to meet our partners’ needs without a decay of underwriting quality.