Official homepage:

www.riga-re.com

Branch:

Financial services and reinsurance

Status:

Established

Announced intention on1:

Ø

Official process initiated on2:

Ø

Registered on/in:

11-08-2006, Riga (Latvia)

Seat before SE:

Riga (Latvia)

Seat of SE:

Riga (Latvia)

Form of establishment:

Conversion

Companies concerned:

Joint Stock Company “Riga RE”

Corporate governance structure before SE:

Two-tier3

Corporate governance structure of SE:

Two-tier3

Total number of employees worldwide:

31

Countries of operation:

Russia, Turkey, Lithuania, Germany, Ireland, United Kingdom, Uzbekistan

Countries concerned:

Head office in Latvia (Riga)

Representative offices in Russia (Moscow, St Petersburg), Ukraine (Kiev)

National trade unions involved:

Ø

European trade union federations involved:

Ø

EWC formerly existed:

No

Establishment of SNB:

No

Board-level employee representation before SE foundation:

No

Distribution of SNB seats:

Ø

Content of agreement:

Ø

Motives:

To maintain efficiency and have close contact with partners. To broaden activities in the European Community.

Comments:

The Management Board consists of three people: General Director of “Riga Re” SE, Chief Accountant of “Riga Re” SE, and Head of the Claims Department of “Riga Re” SE. The chairman of the Management Board is at the same time the General Director of “Riga Re” SE. To make decisions, the chairman needs the support of at least one of the members of the Management Board. For the same purpose, the member needs the support of the chairman of the Management Board.

The Supervisory Board also consists of three people; they are not employees of “Riga Re” SE. Neither the Chairman of the Supervisory Board nor the other members have decision-making rights on behalf of the SE.

Last update:

17-07-2007

References:

• Internal Source

• Supplement of the Official Journal 2006/S208-221009