21st Technical Board meeting held in Bahrain.

21st Technical Board meeting
Manama – Bahrain

The Technical Board held its 21st meeting at the Managers offices in Bahrain on 23/4/2008 under the Chairmanship of Anuar Nohd Hassan at the presence of the majority of the members and FAIR Secretary General Ezzat Abdel-Bary, and discussed various issued on the Agenda which comprised the following items:

  1. The Managers Report.
  2. The Audited Financial Statement for the year ending 31/12/2007 for recommendation to the General Assembly.
  3. The appointment of the Auditors for the year 2008 for recommendation to the General Assembly.
  4. Approve/ratify the changes in Members/Membership, and determine the number of units allocated for the year 2008

After due deliberation the Technical Board approved the items on the Agenda and decided to hold 22nd Technical Board meeting and 10th General Assembly meeting in October 2008 in Istanbul-Turkey during the FAIR Executive Board Meetings.

4th International Conference on Risk Management held in Kazakhstan.

4th International Conference on Risk Management
17-18 April 2008
Eurasia Insurance Co., of Kazakhstan organized a 2-day conference on Risk Management in Almaty, and was attended by a large number of participants.

The Syndicate Director; Nabil Hajjar was invited to introduce FAIR Oil & Energy Insurance Syndicate to the participants who represented various insurance companies from Kazakhstan and the neighbouring countries.

The introduction was in line with the Syndicate plan to become recognized in the CIS countries as an available regional reinsurer with sizable capacity.