OREANDA-NEWS. October 14, 2009. During the Board of Directors meeting of OJSC Transsiberian Reinsurance Corporation there was considered a number of questions relating to the Corporation’s performance as well as future prospects.  

Members of the Board presented financial results of Transsiberian Re for the first half-year of 2009 and financial-economic plan and budget execution for the period of 2009.

Apart from that, members of the Board of Directors dwelled upon the results of investment activities for the first six months of the current year. Comparing to the same period of the previous year, investments increased by 7%, particularly investments in banks – 2.2 times growth. Investments in estate property increased significantly, mainly investments in the reconstruction of villa in Prague, where the International Bureau of the Corporation is situated. 

The results of IFRS accounting for 2008 and actuarial valuation of insurance reserves were also taken into consideration.
Apart from that, members of the Board of Directors approved the operation plan for 2009-2010. The next Board meeting will be held in the beginning of December in Moscow region. It will be devoted to preliminary results of 2009, approval of financial-economic plan and budget of the Corporation for the year to come, and other vital issues.