Russel Effandy has been handling engineering risk underwriting in Hannover Re, Bahrain since 01 October 2008. He has a responsibility for both takaful/shariah and conventional account in facultative lines. For conventional, he is taking care of engineering risk in Middle East and North Africa exclude Maghrieb Countries. For Takaful/Shariah, Hannover ReTakaful has no boundaries since he can underwrite all engineering project risks worldwide including south east Asia.
Prior to joining Hannover Re, as a Civil Architecture Engineer from Institut Teknologi Sepuluh Nopember in Surabaya, East Java Indonesia, he has been working in construction industry since 1989 and moved to Allianz in 1995 to handle big risks such as Power Plant, Bridge Construction, High Rise Building, Telecommunication System, Gas Refinery, etc. After having 10 years engineering experience with Allianz and working closely with Munich Re and Swiss Re, in 2004 he moved to Asuransi Central Asia in Jakarta, one of the major non life insurance player in Indonesian insurance industry. There, he is working as a senior underwriter handling all class of business but mainly Engineering and Property risks.
He is active in lecturing for one of the main Insurance and Risk Management Insititute in Indonesia (STIMRA), LPAI and Jakarta Insurance Institute since 2002. He has completed 7 papers of CII, has insurance qualification as International Post Graduate Diploma in General Insurance(IPGD-GI) from IIRM(Insitute of Insurance and Risk Management) in Hyderabad and Indonesian Insurance qualification (AAAI-K: Ajun Ahli Asuransi Indonesia - Kerugian). He has been in Insurance industry for 17 years since early 1992.