Renaissance Life Company: Renaissance Life Company


About the company:: About the company: Insurance company “Renaissance life” was founded in September 2004 Basic activity: Life assurance Renaissance Life received a license № 4893 Д of Federal Service of Insurance Inspection, Russian Federation, on March 21, 2005.


About the company:: About the company: Promoters Size of Investment Organizational Structure Initial size of authorized capital “Sputnik Group” (70% of share capital). Investments are carried out through “Renaissance Insurance” company European Bank for Reconstruction and Development (30% of share capital) Total investment volume is 11 million USD. Total planned investments volume is 36 million USD in the period of 2004-2009 Limited liability company (LLC) 86 941 142 RUR


Reasons for foundation of the company:: Reasons for foundation of the company: Excellent Prospects for the life assurance market. Stability of economic and political situation (increase of GDP volume contributes to market development). Reliability and financial stability of investors. Independent research indicates that the total market volume will be increased from 660 million USD. up to 1,5 billion USD by 2008. A new group of consumers have been founded in Russia; families with the income that is 300 USD or more per capita.


Investors:: Investors: European bank for Reconstruction and Development Established in 1991 Aggregate authorized capital – 20 billion Euro Total investments volume exceeds 25 billion Euro More than 1100 investment projects (30 of them are in insurance) The operations volume has reached 5,9 billion Euro in Russia since 1991 The following ratings confirm the strength and reliability of the bank: ААА Standard & Poor's Ааа Moody's


Promoters:: Promoters: 60 countries and 2 international organizations (European Union and European Investment Bank) are the owners of the European Bank for Reconstruction and Development Russia 800 million Euro USA 2 billion Euro France1,7 billion Euro Germany 1,7 billion Euro Italy 1,7 billion Euro UK 1,7 billion Euro ЕС 600 billion Euro Japan 1,7 billion Euro


Promoters:: Promoters: LLC “Renaissance Insurance Group” Founded in 1997 Licences for 60 classes of insurance The authorized capital of the company is 678 910 000 RUR It is one of the leading insurance companies in Russia The main shareholder of «Renaissance Insurance»: Sputnik Group; one of the largest and most stable investment groups in Russia. Office locations


Promoters:: Promoters: Founded in 1998 It is one of the largest investment companies in Russia The total investments volume into the Russian market during the period of 1995-2004 is more than 1 billion USD including the investment capital of companies such as Harvard University Endowment, Soros Fund Management, Morgan Stanley Asset Management amongst many others. Total assets in excess of $500m including “Renaissance Insurance“, the Publishing house “Аfisha”, National Timber Company, as well companies in the UK, Germany and the USA. More than 90% of investments of «Sputnik Group» are realized in projects in Russia, CIS, with 10% being realized in international projects. LLC “Sputnik Group”


Renaissance Life: aims and principles: Renaissance Life: aims and principles Strategic aims Principles of Renaissance Life To be a leading professional company offering products service and management of the highest quality, To be one of the top 3 Life Insurance companies by 2009 High level of corporate culture International management standards High level of services: Profitable for clients Developed on the basis of western best practice standards


Agency Infrastructure:: Agency Infrastructure: Sale channels 2005 Moscow S.-Petersburg Rostov Ekaterinburg Kazan Perm Samara 2006 Krasnodar N.Novgorod Novosibirsk Ufa Chelyabinsk Krasnoyarsk Omsk Affiliates and offices in major cities of RF Teams of professional consultants (agents) in cities of RF.


The People:: The People: Staff Board of Directors International team of managers (involvement of best western specialists and managers having successful experience on Russian market). High international standards and orientation to staff development. Representatives of the European Bank for Reconstruction and Development, «Sputnik Group» and «Renaissance Insurance».


President:: President: On February 6, 2006 Austin Kimm was appointed CEO of “Renaissance Life” company Austin Kimm: «I think Renaissance Life has huge potential and by sticking to our principles of applying best western business practices, with the support of our shareholders I can see no reason why we can not achieve a top three position by the end of 2009 Austin Kimm has worked more than 18 years in the offices of AVIVA company. He was CEO of AVIVA’s life subsidiary in the Czech Republic from 2002 to 2006. During the period of his leadership the company has become the profitable and prosperous one and its market share has doubled in size.