On July 16 the Company changed its name to Mandarin Re Ltd.
Tatiana BELOVA becomes CEO / Principal Officer.
At the close of the year Gross Premium Written reached USD 12.1 mln and the Equity increased to USD 9.4 mln.
Chartered capital was increased to USD 5 mln.
From July 1, 2016 the Company signed the contract for retrocessional protection of marine risks and property portfolio.
The Company received license for insurance and reinsurance on August 7, 2015.
TranssibRe Overseas Ltd. was incorporated on May 18, 2015 in Malaysia with chartered capital USD 3 mln.