RFIB Holdings Limited, the Lloyd’s insurance and re-insurance broker, has expanded its presence in Eastern Europe with the opening of an office in Almaty, Kazakhstan, and the appointment of Galina Pakhomova as Chief Representative for the country
Ms Pakhomova brings a wealth of experience to the role, joining RFIB from Allianz Kazakhstan where she was Managing Director. Prior to that, she was Chief Representative of insurance group ROSNO, based in Kazakhstan.
Peter Talbot, Director International, RFIB Group, commented:
“RFIB has over ten years’ experience of placing reinsurance treaty business on behalf of Kazak companies, handling all major classes of business, and we believe a local presence will allow us to provide greater support to our clients in this important region. Working closely with the local insurance industry, we will seek to develop strong insurance capacity for local businesses across energy, construction, property and cargo and provide support in protecting against natural catastrophes.
“With more than 40 insurance companies and a market premium approaching US$1,000million in 2010, Kazakhstan has the highest insurance density of all CEE countries after Russia. We believe this, along with its wealth of natural resources, geographical position bordering Russia and China and its proximity to the Middle East, means it offers tremendous potential for further growth. With the opening of this office and the appointment of Galina, we are ideally placed to drive forward our expansion in Eastern Europe and beyond.”