17.10.2017

Financial Statements 2016

CHARLESTOWN, NEVIS, October 17, 2017
SELECTA Insurance and Reinsurance Company (Caribbean) Limited announced today that the Financial Statements 2016 audit has finally been completed.

Managing director comments.

Kirill Patyrykin, the Managing director of SELECTA noted that, “By acquiring SKY RE we had to carefully investigate all the possible liabilities left by the previous management. We are happy to announce that everything is now sorted out and we are looking forward to thrive in the growing market.”

“The technical net loss in amount US$ 754,500/= comes from the huge amount of the account receivables write offs. Such A/Rs written off would have never be collected having passed away with a previous management.” - he also mentioned.

You can see the statements 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