We have honour to suggest your dear company cooperation, in the field
of reinsurance.
Are glad to inform you, that, despite of deterioration of a conjuncture перестраховочного
the market, Joint-Stock Company UASK ASKA gives favourable conditions, on entering reinsurance
of property and cargoes, aviation risks, a civil liability of owners of vehicles.
It became possible owing to that the West-European overcautious
persons-partners of Joint-Stock Company UASK ASKA have renewed all with our company договоры
obligatory reinsurance.
Contracts of obligatory reinsurance have indirect section that allows us to offer
the Ukrainian and Russian insurance companies of their capacity, namely:
The categories of the risks and limits of cover of the treaties:
The contracts of insurance/reinsurance of the property and cargo are reinsured on the basis of excess of loss. ASKA's retention is USD50 000 per each loss. Capacity of the reinsurance treaty is USD 5 000 000.
Additional section for the Ukrainian insurance companies is USD 3 000 000.
Additional section for the Russian insurance companies is USD 1 000 000.
Reinsurers under the treaty are &ndash the Leader &ndash HANNOVER Re (Germany, rating AA-) 70% of the liability, SCOR (France, rating BBB+) 30% of the liability.
The contracts of insurance/reinsurance of aviation liability are reinsured on the basis of excess of loss. Limit of the treaty is USD20 000 000. The Leader is HANNOVER Re.
The accident insurance/reinsurance contracts are reinsured on the basis of surplus. The capacity of the reinsurance treaty is USD50 000. The Reinsurer is Moscow Re.
The contracts of insurance/reinsurance of motor TPL. The reinsurance treaty is a quota share contract. 90% of the liability is reinsured with SCOR. The capacity of the treaty is USD500 000.
The contracts of insurance/reinsurance of the motor transport are reinsured on the basis of excess of loss. ASKA's retention is USD20 000 per each loss. The capacity of the treaty is USD100 000. The reinsurer under the treaty is TRANSATLANTIC REINSURANCE COMPANY (USA, rating AA).
ASKA UJSIC is also ready to accept the risks to it's own retention, namely:
on contracts of aviation risks insurance (hull, accident with crew members up to USD50 000);
on contracts of sea craft insurance up to USD30 000;
on contracts of motor carriers liability insurance (CMR) up to USD100 000.
Cooperating with us you save your time and money while searching the acceptable
reinsurance protection. We hope that the constant attention and understanding
of your problems will become the arguments for starting our cooperation.
Contacts:
Anna Butko - Vice president on Foreign Affairs&Reinsurance, phones in Donetsk: +38 0622 97 23 19, fax +38 062 382 81 91, E-mail: butko@aska.com.ua
Direction on Reinsurance, phones in Kiev: +38 044 455 99 79, phone/fax +38 044 242 01 44.
ASKA UJSIC CJSC representative office in Moscow, phones in Moscow: +8107 095 923 27 09, E-mail: aska-re@yandex.ru
FINANCIAL INDICES
Dynamics of the basic financial parameters of Joint-Stock Company UASK ASKA (тыс.грн.)
Year
The authorised capital
Fixed assets
Balance profit
2008
104 584,9
110 722,1
77 546,0
2007
64 584,9
109 749,3
76 978,6
2006
64 584,9
37 128,4
63 310,5
2005
64 584,9
35 030,5
40 284,2
2004
52 584,9
31 057,9
28 983,1
2003
41 605,3
14 609,9
11 557,5
2002
30 190,5
9 727,5
11 414,8
2001
9 095,3
6 966,6
17 057,4
2000
9 095,3
5 135,9
2 191,6
BALANCE ON 01.01.2008 Y. (тыс.грн)
Active
On the beginning of the accounting period
On the end of the accounting period
I. NON-CURRENT ASSETS
Intengible assets
376,8
376,8
Construction in progress
5 900,7
6 383,6
Net fixed assets
109 749,3
110 722,1
Long term investments
111 351,7
162 825,0
Long term accounts receivable
403,8
-
Other non-current assets
5 300,0
476,7
Total non-current assets
240 638,7
288 312,8
TURNAROUND ACTIVES
Inventories
871,7
900,2
Trade accounts receivable (net realisable value)
36 242,1
2 276,2
Debts by calculations under the budget
100,7
83,2
Debts by calculations on the given out advance payments
8 206,5
11 121,2
Other current debts
6 970,2
13 825,4
Money resources and their equivalents in national currency
38 828,7
30 262,4
Money resources and their equivalents in a foreign currency
2 300,0
3 436,2
In total turnaround actives
93 951,3
62 316,1
EXPENSES OF THE FUTURE PERIODS
44,5
31,0
BALANCE
334 634,5
350 659,9
Passive
On the beginning of the accounting period
On the end of the accounting period
OWN CAPITAL
The authorized capital
64 584,9
104 584,9
The other additional capital
69 391,4
69 391,4
The reserve capital
4 368,8
4 368,8
Unallotted profit (the uncovered loss)
76 978,6
77 546,0
The withdrawn capital
0
0
In total on section I
215 323,7
255 891,1
MAINTENANCE OF THE SUBSEQUENT EXPENSES AND PAYMENTS
Maintenance of payments to the personnel
Insurance reserves
135 391,3
116 125,4
In total on section IІ
87 858,9
72 072,1
LONG-TERM OBLIGATIONS
Long-term credits of banks
1 927,5
1 769,8
In total on section IІI
1 927,5
1 769,8
CURRENT OBLIGATIONS
Creditor debts for the goods, works, services
16 228,0
3 526,9
Current obligations by calculations
4 305,3
2 717,6
In total on section IV
29 524,4
20 926,9
BALANCE
334 634,5
350 659,9
ASSETS
Dynamics of growth of the authorised capital (тыс.грн.)
Year
Sum
Indication
2008
104 584,9
2007
64 584.9
2006
64 584.9
2005
64 584.9
2004
52 584.9
2003
41 605.3
2002
30 190.5
2001
9 095.3
2000
9 095.3
SECURING OF PAYING CAPACITY
Securing of Insurer's solvency as on 01.07.2008 (UAH'000)
Factual reserve of solvency
255 542,1
Standard reserve of solvency
53 693,3
Ratio of solvency
4,8
Amount of reserve of premiums unearned
106 758,2
The factual reserve of solvency of the company exceeds the standard value calculated
in accordance with requirements applied by Law of Ukraine 'Of insurance' by 3,22 times.
