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Referring to words of a member of supervisory council Christopher Wolf informs that Austrian insurance group Vienna Insurance Group has increased the share in the authorized capital of Georgian insurance company IRAO from 51 % up to 90 %.
At the briefing in Tbilisi it has been also noted that August events in Georgia should be reflected in the insurance market of the country, first of all from the point of view of increase of risks.
In turn, IRAO general director of has noted, that support of the Austrian partner will allow the company to expand business, to introduce new insurance products and to keep in the lead positions in the market.
International insurance company IRAO was founded in 2004. The company specializes on energy objects insurance.
In I half-year of 2008 IRAO has received $19,7 million of premiums, that on 28 % more then in all 2007. Now the company borrows 14,6 % of the insurance market of Georgia.
in December, 2005, Vienna Insurance Group has entered into number of IRAO founders, when Georgian holding GPIH (Georgian Pension and Insurance Holding), entering into group Vienna Insurance Group, has got 51 % IRAO. The Austrian group possesses 50 % of GPIН’s shares.

On October, 9th,  in Luxembourg Ministers of transport of 27 countries-members of the European Union have reached the agreement, according to which, reaching the seaports in territory of this regional organization captains of all without exception of courts will be obliged to show the ship insurance.
In case of insurance certificate absence, the port administration will have the right to forbid mooring of uninsured sea transport, having notified about it all European port terminals.
New rules of safe navigation, predictably, will be approved by EU institutes up to the end of December.

According to the representatives of Financial Services Agency (FSA) one of the basic insurance companies of Japan Yamato Life Insurance will submit on registration of protection against creditors according to the law on bankruptcy.
Thus, the company became the first insurer of the country, which will not cope with financial problems on background of going deep world crisis.
Representatives of service agency quote that the official representatives (companies) of Yamato and FSA have already applied for registration.
On tentative estimations, the sum of debts of the insurance company makes nearby 2,73 billion dollars. Under the law, for the subsequent financial improvement of the company the special decision of court is required.