THE SYNDICATE EXPANDS ITS GEOGRAPHICAL SCOPE ACCEPTANCE TO INCLUDE RUSSIA
October 4, 2011
Cairo – EGYPT
The Technical Board of the Syndicate, in its 29th meeting in Cairo – Egypt approved the expansion of the geographical scope of the Syndicate acceptance to include “Russia” with effect from 1/1/2012
The decision was made due to the increased number of inquiries and offers received by the Syndicate from companies and brokers handling Russian business, also to compensate for the loss of premium from sanctioned countries.
Business from Russia will be closely monitored by the Managers and only quality accounts will be considered and written.