6.06.2017

Transition completed

CHARLESTOWN, NEVIS, June 06, 2017
SELECTA Insurance and Reinsurance Company (Caribbean) Limited announced today that the process of transferring the shares to Russian Insurance Group SA (www.rig.org) has finally been completed.

Per its website, Russian Insurance Group (also known as RIG), “… is participating in other companies in insurance niche with a mission to deliver the best of the Russian insurance services.”

Managing director comments on the deal.

Kirill Patyrykin, the Managing director of SELECTA noted that, “By acquiring SKY RE we hope to increase our presence in the reinsurance market outside of Russia, as well as diversify political risks connected with segregation of the business in a sole jurisdiction.”

“For those clients working with SKY RE previously, we want to ensure you that all SKY RE policies will remain valid, and we look forward to your continued partnership under the new name” - he also mentioned.

Ultimate beneficial ownership structure is duly disclosed here.

About
SELECTA Insurance and Reinsurance Company (Caribbean) Limited

SELECTA Insurance and Reinsurance Company (Caribbean) Limited was duly incorporated and licensed as an international Reinsurance company under the provisions of the Nevis International Insurance Ordinance 2004 (and amendments) in December 2013, offering a wide variety of reinsurance products to its customers.

Media contact:
Kirill Patyrykin
Managing director
SELECTA Insurance and Reinsurance Company (Caribbean) Limited
+1 786 3758103
secretary@selecta.re